Apple Inc. (NASDAQ:AAPL) Shares Sold by RS Crum Inc.

RS Crum Inc. cut its holdings in Apple Inc. (NASDAQ:AAPL) by 2.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,502 shares of the iPhone maker’s stock after selling 472 shares during the quarter. Apple accounts for 1.2% of RS Crum Inc.’s investment portfolio, making the stock its 15th largest position. RS Crum Inc.’s holdings in Apple were worth $5,243,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. 1620 Investment Advisors Inc. increased its stake in Apple by 0.5% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock valued at $2,249,000 after buying an additional 45 shares during the period. Carolina Wealth Advisors LLC boosted its holdings in shares of Apple by 1.3% in the third quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock valued at $813,000 after acquiring an additional 46 shares in the last quarter. Verus Financial Partners Inc. increased its stake in shares of Apple by 0.3% during the second quarter. Verus Financial Partners Inc. now owns 16,929 shares of the iPhone maker’s stock worth $3,566,000 after acquiring an additional 48 shares during the period. Lowery Thomas LLC increased its stake in shares of Apple by 0.7% during the second quarter. Lowery Thomas LLC now owns 7,607 shares of the iPhone maker’s stock worth $1,602,000 after acquiring an additional 50 shares during the period. Finally, Latitude Advisors LLC raised its holdings in Apple by 0.3% during the third quarter. Latitude Advisors LLC now owns 17,236 shares of the iPhone maker’s stock worth $4,016,000 after purchasing an additional 50 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Performance

AAPL opened at $232.80 on Wednesday. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10. The company has a market capitalization of $3.50 trillion, a price-to-earnings ratio of 36.95, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. The business has a 50 day moving average price of $241.58 and a two-hundred day moving average price of $230.89. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

Apple (NASDAQ:AAPL) last issued its quarterly 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 net margin of 24.30% and a return on equity of 160.83%. Research analysts predict that Apple Inc. will post 7.33 EPS for the current fiscal year.

Apple Announces Dividend

The business 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Monday, February 10th. Apple’s payout ratio is 15.87%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Evercore ISI boosted their target price on Apple from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Barclays upped their price objective on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. Monness Crespi & Hardt raised their target price on Apple to $245.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Moffett Nathanson reaffirmed a “sell” rating and set a $188.00 price target (down from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $262.00 price target on shares of Apple in a report on Monday, January 27th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $242.52.

Insider Transactions at Apple

In related news, insider Chris Kondo sold 4,130 shares of Apple 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. This trade represents a 21.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.

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.