Weybosset Research & Management LLC Has $836,000 Holdings in Apple Inc. (NASDAQ:AAPL)

Weybosset Research & Management LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,588 shares of the iPhone maker’s stock after selling 175 shares during the period. Apple makes up approximately 0.3% of Weybosset Research & Management LLC’s investment portfolio, making the stock its 26th largest position. Weybosset Research & Management LLC’s holdings in Apple were worth $836,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Abacus Planning Group Inc. boosted its holdings in shares of Apple by 4.6% in the 3rd quarter. Abacus Planning Group Inc. now owns 62,490 shares of the iPhone maker’s stock valued at $14,560,000 after purchasing an additional 2,769 shares in the last quarter. Waller Financial Planning Group Inc. raised its holdings in shares of Apple by 15.5% during the 3rd quarter. Waller Financial Planning Group Inc. now owns 17,534 shares of the iPhone maker’s stock worth $4,085,000 after buying an additional 2,356 shares in the last quarter. McAlister Sweet & Associates Inc. lifted its position in shares of Apple by 2.9% during the 3rd quarter. McAlister Sweet & Associates Inc. now owns 30,477 shares of the iPhone maker’s stock worth $7,101,000 after buying an additional 849 shares during the last quarter. Doliver Advisors LP boosted its stake in Apple by 4.4% in the third quarter. Doliver Advisors LP now owns 25,930 shares of the iPhone maker’s stock valued at $6,042,000 after buying an additional 1,094 shares in the last quarter. Finally, Bridge Advisory LLC grew its position in Apple by 1.1% in the third quarter. Bridge Advisory LLC now owns 34,797 shares of the iPhone maker’s stock valued at $8,108,000 after acquiring an additional 384 shares during the last quarter. 60.41% of the stock is owned by institutional investors.

Insider Activity at Apple

In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total value 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 approximately $111,148,695.84. This trade represents a 10.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Luca Maestri sold 59,305 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $226.52, for a total value of $13,433,768.60. Following the transaction, the chief financial officer now directly owns 107,788 shares in the company, valued at $24,416,137.76. The trade was a 35.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 404,040 shares of company stock valued at $91,062,512 in the last three months. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of research reports. Wedbush reissued an “outperform” rating and issued a $285.00 target price on shares of Apple in a report on Monday, September 9th. Jefferies Financial Group downgraded shares of Apple from a “buy” rating to a “hold” rating and increased their price objective for the company from $205.00 to $212.92 in a research note on Monday, October 7th. Robert W. Baird raised their target price on shares of Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Melius Research reiterated a “buy” rating and set a $265.00 price target on shares of Apple in a report on Tuesday, August 27th. Finally, Bank of America reissued a “buy” rating and set a $256.00 price objective on shares of Apple in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average target price of $235.51.

Apple Price Performance

Shares of AAPL opened at $228.02 on Tuesday. The firm has a market cap of $3.45 trillion, a PE ratio of 37.50, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.49. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The business’s 50 day moving average price is $227.18 and its two-hundred day moving average price is $217.00.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the previous year, the company earned $1.46 EPS. Apple’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities analysts anticipate that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Apple’s dividend payout ratio is presently 16.45%.

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.