Hiley Hunt Wealth Management Sells 182 Shares of Apple Inc. (NASDAQ:AAPL)

Hiley Hunt Wealth Management decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,011 shares of the iPhone maker’s stock after selling 182 shares during the period. Apple makes up 0.8% of Hiley Hunt Wealth Management’s holdings, making the stock its 20th largest position. Hiley Hunt Wealth Management’s holdings in Apple were worth $1,401,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AAPL. International Assets Investment Management LLC increased its stake in shares of Apple by 20,372.7% in 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. State Street Corp increased its stake in Apple by 10.6% in the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after purchasing an additional 55,935,105 shares in the last quarter. Geode Capital Management LLC raised its holdings in Apple by 6.5% in the third quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock worth $77,542,863,000 after purchasing an additional 20,483,787 shares during the period. FMR LLC boosted its position in shares of Apple by 5.3% during the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after purchasing an additional 18,224,005 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its holdings in shares of Apple by 14,145.8% in the 2nd quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock valued at $1,603,000 after buying an additional 7,558,826 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Activity at Apple

In related news, 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 completion of the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.06% of the stock is currently owned by corporate insiders.

Apple Price Performance

NASDAQ:AAPL opened at $244.60 on Monday. The company has a market cap of $3.67 trillion, a P/E ratio of 38.83, a P/E/G ratio of 2.32 and a beta of 1.20. The firm’s fifty day moving average price is $240.70 and its two-hundred day moving average price is $231.68. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. 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 released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating 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%. Equities analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. Apple’s payout ratio is 15.87%.

Analysts Set New Price Targets

Several analysts recently commented on AAPL shares. 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. Argus raised Apple to a “strong-buy” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Wells Fargo & Company raised their target price on shares of Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $262.00 price target on shares of Apple in a research note on Monday, January 27th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average target price 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.