Apple Inc. (NASDAQ:AAPL) Shares Sold by Biltmore Family Office LLC

Biltmore Family Office LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 3.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 789,206 shares of the iPhone maker’s stock after selling 30,937 shares during the quarter. Apple comprises 31.4% of Biltmore Family Office LLC’s portfolio, making the stock its biggest holding. Biltmore Family Office LLC’s holdings in Apple were worth $183,885,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bull Oak Capital LLC raised its position in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares during the last quarter. Hershey Financial Advisers LLC acquired a new stake in Apple in the second quarter worth about $42,000. Christopher J. Hasenberg Inc raised its holdings in Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares during the last quarter. ARK Investment Management LLC acquired a new position in Apple during the 3rd quarter valued at about $110,000. Finally, Cordant Inc. boosted its stake in shares of Apple by 34.3% in the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock valued at $158,000 after purchasing an additional 173 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Trading Down 0.7 %

NASDAQ AAPL opened at $236.00 on Friday. The company has a market cap of $3.55 trillion, a PE ratio of 38.82, a PEG ratio of 2.39 and a beta of 1.20. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10. The stock has a 50 day moving average of $241.56 and a 200-day moving average of $230.86. 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 (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating 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%. On average, equities research analysts anticipate that Apple Inc. will post 7.34 EPS for the current fiscal year.

Apple Dividend Announcement

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

Insider Activity

In other Apple news, insider Chris Kondo sold 4,130 shares of the 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 transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares in the company, 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.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AAPL shares. UBS Group reissued a “neutral” rating and set a $236.00 price target on shares of Apple in a research note on Monday, December 2nd. Bank of America upped their target price on shares of Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research report on Friday. Wells Fargo & Company lifted their price objective on Apple to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. KeyCorp restated an “underweight” rating and set a $200.00 price objective on shares of Apple in a report on Friday. Finally, Monness Crespi & Hardt raised their price objective on Apple to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $242.52.

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.