Apple Inc. (NASDAQ:AAPL) Shares Sold by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL lessened its stake in Apple Inc. (NASDAQ:AAPL) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,086 shares of the iPhone maker’s stock after selling 190 shares during the period. Chesapeake Capital Corp IL’s holdings in Apple were worth $719,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Concord Asset Management LLC VA raised its position in Apple by 10.1% during the 3rd quarter. Concord Asset Management LLC VA now owns 66,396 shares of the iPhone maker’s stock worth $15,470,000 after buying an additional 6,071 shares during the last quarter. Tower Bridge Advisors increased its stake in shares of Apple by 0.6% during the third quarter. Tower Bridge Advisors now owns 237,376 shares of the iPhone maker’s stock worth $55,309,000 after acquiring an additional 1,308 shares during the period. Atlanta Consulting Group Advisors LLC raised its holdings in Apple by 4.0% during the third quarter. Atlanta Consulting Group Advisors LLC now owns 20,320 shares of the iPhone maker’s stock worth $4,735,000 after purchasing an additional 776 shares in the last quarter. Frazier Financial Advisors LLC lifted its position in Apple by 13.3% in the third quarter. Frazier Financial Advisors LLC now owns 14,361 shares of the iPhone maker’s stock valued at $3,346,000 after purchasing an additional 1,682 shares during the period. Finally, GoalVest Advisory LLC boosted its holdings in Apple by 10.9% in the 3rd quarter. GoalVest Advisory LLC now owns 11,509 shares of the iPhone maker’s stock valued at $2,682,000 after purchasing an additional 1,129 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AAPL shares. Piper Sandler reissued a “neutral” rating and set a $225.00 target price on shares of Apple in a research note on Wednesday, October 9th. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Monness Crespi & Hardt upped their price target on shares of Apple to $245.00 and gave the stock a “buy” rating in a research note on Wednesday. Citigroup raised their price objective on shares of Apple to $185.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Raymond James upped their target price on shares of Apple to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 20th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus target price of $238.05.

Apple Stock Performance

NASDAQ AAPL opened at $222.78 on Friday. The business’s 50-day moving average price is $240.93 and its 200 day moving average price is $230.69. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The company has a market capitalization of $3.35 trillion, a PE ratio of 36.64, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. During the same period last year, the company earned $1.46 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, research analysts predict that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. Apple’s dividend payout ratio is presently 16.45%.

Apple Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.