Accretive Wealth Partners LLC Sells 40,068 Shares of Apple Inc. (NASDAQ:AAPL)

Accretive Wealth Partners LLC lessened its stake in Apple Inc. (NASDAQ:AAPL) by 65.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,949 shares of the iPhone maker’s stock after selling 40,068 shares during the quarter. Apple accounts for about 2.0% of Accretive Wealth Partners LLC’s holdings, making the stock its 10th biggest position. Accretive Wealth Partners LLC’s holdings in Apple were worth $4,881,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AAPL. International Assets Investment Management LLC increased its holdings in shares of Apple by 20,372.7% during the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after acquiring an additional 93,886,664 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in Apple by 14,145.8% during the second quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock worth $1,603,000 after purchasing an additional 7,558,826 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Apple by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after purchasing an additional 5,893,741 shares during the period. Pathway Financial Advisers LLC lifted its stake in shares of Apple by 22,870.6% in the third quarter. Pathway Financial Advisers LLC now owns 5,590,588 shares of the iPhone maker’s stock worth $1,302,607,000 after buying an additional 5,566,250 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new stake in shares of Apple during the 2nd quarter worth $834,368,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Raymond James upped their price objective on shares of Apple to $250.00 and gave the company a “buy” rating in a research report on Monday, January 20th. Morgan Stanley raised their price objective on Apple from $273.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday. StockNews.com cut Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Needham & Company LLC reiterated a “buy” rating and set a $260.00 price target on shares of Apple in a research note on Friday. Finally, UBS Group reissued a “neutral” rating and issued a $236.00 price target on shares of Apple in a report on Monday, December 2nd. Four research analysts have rated the stock with a sell rating, ten have assigned 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, Apple presently has an average rating of “Moderate Buy” and an average target price of $242.52.

Apple Stock Down 0.7 %

Apple stock opened at $236.00 on Friday. The firm has a market capitalization of $3.55 trillion, a price-to-earnings ratio of 38.82, a PEG ratio of 2.39 and a beta of 1.20. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The company’s 50 day simple moving average is $241.56 and its 200 day simple moving average is $230.86.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. As a group, sell-side analysts anticipate that Apple Inc. will post 7.34 EPS for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 10th will be issued a $0.25 dividend. The ex-dividend date is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Insider Transactions at Apple

In related news, insider Chris Kondo sold 4,130 shares of the firm’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 directly owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction on 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 sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

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.