Factorial Partners LLC Has $3.75 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Factorial Partners LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 7.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,800 shares of the iPhone maker’s stock after selling 1,500 shares during the quarter. Apple comprises approximately 2.3% of Factorial Partners LLC’s investment portfolio, making the stock its 12th biggest holding. Factorial Partners LLC’s holdings in Apple were worth $3,749,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fidelis Capital Partners LLC increased its position in shares of Apple by 17.9% in the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after buying an additional 31,278 shares in the last quarter. Access Investment Management LLC acquired a new stake in shares of Apple during the first quarter worth about $140,000. Hoese & Co LLP lifted its holdings in shares of Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after purchasing an additional 57 shares in the last quarter. Sage Financial Group Inc. acquired a new position in shares of Apple in the 2nd quarter valued at approximately $206,000. Finally, Benchmark Wealth Management LLC acquired a new position in shares of Apple in the 2nd quarter valued at approximately $208,000. Institutional investors own 60.41% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Oppenheimer restated a “buy” rating and set a $250.00 target price on shares of Apple in a report on Tuesday, October 1st. Melius Research reaffirmed a “buy” rating and issued a $265.00 price objective on shares of Apple in a research report on Tuesday, August 27th. Morgan Stanley reiterated an “overweight” rating and set a $273.00 target price on shares of Apple in a report on Tuesday, September 10th. Barclays restated an “underweight” rating and issued a $186.00 price target on shares of Apple in a report on Tuesday, October 1st. Finally, The Goldman Sachs Group upped their price objective on Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus target price of $235.91.

Insider Buying and Selling at Apple

In other news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the completion of the sale, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $111,148,695.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 517,924 shares of company stock valued at $114,786,399 in the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

Apple Price Performance

Shares of AAPL opened at $233.40 on Tuesday. The firm has a market capitalization of $3.58 trillion, a PE ratio of 36.30, a PEG ratio of 2.40 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The company’s 50-day moving average is $227.01 and its 200-day moving average is $211.05. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.49.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The firm had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. During the same period in the prior year, the firm earned $1.26 EPS. The business’s revenue was up 4.9% on a year-over-year basis. Equities analysts forecast that Apple Inc. will post 6.65 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.43%. Apple’s dividend payout ratio (DPR) is presently 15.55%.

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.