Apple Inc. (NASDAQ:AAPL) Stock Position Cut by Keyes Stange & Wooten Wealth Management LLC

Keyes Stange & Wooten Wealth Management LLC reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,382 shares of the iPhone maker’s stock after selling 149 shares during the period. Apple makes up about 1.7% of Keyes Stange & Wooten Wealth Management LLC’s investment portfolio, making the stock its 11th largest position. Keyes Stange & Wooten Wealth Management LLC’s holdings in Apple were worth $2,885,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. increased its holdings in Apple by 16.9% in the second quarter. Atomi Financial Group Inc. now owns 252,409 shares of the iPhone maker’s stock worth $53,162,000 after buying an additional 36,507 shares during the last quarter. Instrumental Wealth LLC increased its position in shares of Apple by 1.3% during the second quarter. Instrumental Wealth LLC now owns 6,912 shares of the iPhone maker’s stock valued at $1,503,000 after purchasing an additional 90 shares during the period. Smallwood Wealth Investment Management LLC raised its position in Apple by 2.2% in the second quarter. Smallwood Wealth Investment Management LLC now owns 44,911 shares of the iPhone maker’s stock worth $9,459,000 after purchasing an additional 985 shares in the last quarter. Bensler LLC grew its position in Apple by 0.7% in the second quarter. Bensler LLC now owns 129,780 shares of the iPhone maker’s stock valued at $27,334,000 after acquiring an additional 920 shares during the period. Finally, Park Edge Advisors LLC raised its stake in shares of Apple by 5.7% in the second quarter. Park Edge Advisors LLC now owns 10,336 shares of the iPhone maker’s stock valued at $2,177,000 after acquiring an additional 555 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, 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 sale, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Sanford C. Bernstein upped their price target on Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Jefferies Financial Group cut shares of Apple from a “hold” rating to an “underperform” rating and cut their target price for the stock from $211.84 to $200.75 in a research note on Thursday. Evercore ISI raised their price target on Apple from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday. UBS Group reissued a “neutral” rating and set a $236.00 price objective on shares of Apple in a report on Monday, December 2nd. Finally, StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Four 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $242.52.

Apple Trading Down 0.7 %

NASDAQ:AAPL opened at $236.00 on Friday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The stock’s fifty day moving average price is $241.56 and its two-hundred day moving average price is $230.86. 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 has a market cap of $3.55 trillion, a P/E ratio of 38.82, a P/E/G ratio of 2.39 and a beta of 1.20.

Apple (NASDAQ:AAPL) last issued its earnings results 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%. As a group, analysts expect that Apple Inc. will post 7.34 EPS for the current year.

Apple Dividend Announcement

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

About Apple

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.