Apple Inc. (NASDAQ:AAPL) Shares Sold by Diversified LLC

Diversified LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,209 shares of the iPhone maker’s stock after selling 399 shares during the quarter. Apple makes up approximately 1.6% of Diversified LLC’s holdings, making the stock its 10th largest holding. Diversified LLC’s holdings in Apple were worth $14,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC grew its stake in Apple by 34.3% during the 3rd quarter. Truvestments Capital LLC now owns 40,421 shares of the iPhone maker’s stock worth $9,418,000 after buying an additional 10,323 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Apple by 3.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,297,612 shares of the iPhone maker’s stock valued at $302,344,000 after purchasing an additional 44,775 shares during the last quarter. Alliance Wealth Management Group lifted its holdings in shares of Apple by 1.5% during the third quarter. Alliance Wealth Management Group now owns 28,477 shares of the iPhone maker’s stock valued at $6,635,000 after purchasing an additional 420 shares during the last quarter. Concentric Wealth Management LLC lifted its holdings in shares of Apple by 9.1% during the third quarter. Concentric Wealth Management LLC now owns 59,556 shares of the iPhone maker’s stock valued at $13,877,000 after purchasing an additional 4,968 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its position in Apple by 35.1% during the third quarter. Harvest Fund Management Co. Ltd now owns 512,754 shares of the iPhone maker’s stock valued at $119,467,000 after buying an additional 133,330 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

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 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AAPL. Morgan Stanley upped their target price on Apple from $273.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday. Moffett Nathanson restated a “sell” rating and set a $188.00 target price (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. TD Cowen restated a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $260.00 target price on shares of Apple in a research report on Friday. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $242.52.

Apple Stock Down 3.4 %

AAPL opened at $228.01 on Tuesday. The firm has a market cap of $3.43 trillion, a P/E ratio of 36.19, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The business has a 50 day moving average price of $241.68 and a 200 day moving average price of $230.86.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Research analysts forecast that Apple Inc. will post 7.33 EPS for the current year.

Apple Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple’s payout ratio is 15.87%.

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.