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

Plancorp LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,225 shares of the iPhone maker’s stock after selling 396 shares during the period. Apple makes up about 1.1% of Plancorp LLC’s investment portfolio, making the stock its 17th biggest holding. Plancorp LLC’s holdings in Apple were worth $25,954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in AAPL. Bellwether Advisors LLC boosted its position in Apple by 387.3% in the 2nd quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker’s stock valued at $5,128,000 after buying an additional 19,352 shares during the last quarter. Gentry Private Wealth LLC purchased a new position in Apple in the second quarter valued at about $876,000. WT Asset Management Ltd acquired a new stake in Apple during the 2nd quarter valued at approximately $80,057,000. TD Asset Management Inc increased its stake in shares of Apple by 10.3% in the second quarter. TD Asset Management Inc now owns 16,745,201 shares of the iPhone maker’s stock worth $3,526,874,000 after buying an additional 1,557,848 shares during the last quarter. Finally, Councilmark Asset Management LLC acquired a new stake in shares of Apple in the 1st quarter valued at about $11,776,000. 60.41% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Apple news, insider Chris Kondo sold 5,178 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the transaction, the insider now owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were 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 in the company, valued at $736,269,202.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 417,924 shares of company stock valued at $94,142,399. 0.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Moffett Nathanson began coverage on Apple in a report on Monday, August 19th. They issued a “neutral” rating and a $211.00 price objective for the company. Citigroup raised their price objective on Apple to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. reissued an “overweight” rating and set a $265.00 target price on shares of Apple in a report on Tuesday, September 10th. Loop Capital lowered their price objective on shares of Apple from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Monday. Finally, Robert W. Baird raised their target price on shares of Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $235.51.

Apple Stock Down 0.4 %

AAPL opened at $222.01 on Tuesday. The firm has a market cap of $3.38 trillion, a price-to-earnings ratio of 36.51, a PEG ratio of 2.41 and a beta of 1.24. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49. The firm’s 50-day simple moving average is $227.07 and its 200-day simple moving average is $213.03. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The firm had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 145.09%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.46 EPS. Equities research analysts anticipate that Apple Inc. will post 7.48 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be given a $0.25 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. Apple’s payout ratio is 16.45%.

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.