L & S Advisors Inc lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 10.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,868 shares of the iPhone maker’s stock after selling 15,171 shares during the period. Apple comprises approximately 3.3% of L & S Advisors Inc’s holdings, making the stock its 2nd largest holding. L & S Advisors Inc’s holdings in Apple were worth $31,424,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cohen Investment Advisors LLC lifted its holdings in Apple by 0.5% in the second quarter. Cohen Investment Advisors LLC now owns 46,574 shares of the iPhone maker’s stock worth $9,809,000 after buying an additional 239 shares during the period. Callan Family Office LLC raised its position in shares of Apple by 157.1% in the 2nd quarter. Callan Family Office LLC now owns 47,854 shares of the iPhone maker’s stock worth $10,079,000 after acquiring an additional 29,239 shares in the last quarter. Liontrust Investment Partners LLP lifted its stake in shares of Apple by 60.5% in the 2nd quarter. Liontrust Investment Partners LLP now owns 205,466 shares of the iPhone maker’s stock valued at $43,275,000 after purchasing an additional 77,466 shares during the period. First Command Advisory Services Inc. boosted its position in shares of Apple by 1.4% during the second quarter. First Command Advisory Services Inc. now owns 40,512 shares of the iPhone maker’s stock valued at $8,533,000 after purchasing an additional 550 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Apple by 6.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,786,956 shares of the iPhone maker’s stock worth $1,008,229,000 after purchasing an additional 284,217 shares during the period. Institutional investors own 67.73% of the company’s stock.
Insider Activity
In related news, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction on 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 owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.
Apple Stock Down 0.7 %
Apple (NASDAQ:AAPL – Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. On average, research analysts expect that Apple Inc. will post 7.43 earnings per share for the current year.
Apple Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.42%. Apple’s dividend payout ratio (DPR) is currently 16.45%.
Analyst Ratings Changes
A number of analysts have recently commented on AAPL shares. TD Cowen restated a “buy” rating on shares of Apple in a report on Tuesday. UBS Group reissued a “neutral” rating and set a $236.00 price objective on shares of Apple in a research note on Monday, December 2nd. JPMorgan Chase & Co. decreased their target price on shares of Apple from $265.00 to $260.00 in a research note on Thursday. Jefferies Financial Group cut Apple from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $211.84 to $200.75 in a research report on Thursday. Finally, Maxim Group raised their price objective on Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $238.05.
Read Our Latest Research Report on Apple
Apple Company 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.
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