Apple Inc. (NASDAQ:AAPL) is Affinity Capital Advisors LLC’s 4th Largest Position

Affinity Capital Advisors LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 161,602 shares of the iPhone maker’s stock after selling 1,458 shares during the period. Apple comprises 7.3% of Affinity Capital Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Affinity Capital Advisors LLC’s holdings in Apple were worth $37,653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of AAPL. Versant Capital Management Inc increased its stake in Apple by 7.9% in the 3rd quarter. Versant Capital Management Inc now owns 23,980 shares of the iPhone maker’s stock valued at $5,587,000 after buying an additional 1,753 shares during the period. Atwood & Palmer Inc. lifted its position in shares of Apple by 0.7% in the third quarter. Atwood & Palmer Inc. now owns 128,776 shares of the iPhone maker’s stock worth $30,005,000 after buying an additional 932 shares during the last quarter. Threadgill Financial LLC increased its holdings in shares of Apple by 2.0% during the 3rd quarter. Threadgill Financial LLC now owns 11,198 shares of the iPhone maker’s stock valued at $2,609,000 after acquiring an additional 222 shares during the last quarter. Kure Advisory LLC raised its stake in shares of Apple by 32.2% in the 3rd quarter. Kure Advisory LLC now owns 5,991 shares of the iPhone maker’s stock valued at $1,396,000 after acquiring an additional 1,460 shares in the last quarter. Finally, Global Financial Private Client LLC boosted its position in Apple by 1.4% during the third quarter. Global Financial Private Client LLC now owns 71,622 shares of the iPhone maker’s stock worth $16,688,000 after purchasing an additional 1,013 shares during the period. 60.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of research analyst reports. Morgan Stanley reissued an “overweight” rating and set a $273.00 target price on shares of Apple in a research report on Tuesday, September 10th. Oppenheimer reaffirmed a “buy” rating and issued a $250.00 price target on shares of Apple in a research report on Tuesday, October 1st. Bank of America reissued a “buy” rating and issued a $256.00 price objective on shares of Apple in a research report on Thursday, October 3rd. TD Cowen boosted their target price on shares of Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Evercore ISI reissued a “buy” rating and issued a $250.00 price target on shares of Apple in a report on Thursday, September 26th. Two equities research 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $235.25.

Apple Price Performance

Shares of Apple stock opened at $229.87 on Friday. The stock’s fifty day moving average is $227.73 and its 200 day moving average is $218.06. Apple Inc. has a one year low of $164.07 and a one year 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 stock has a market cap of $3.47 trillion, a P/E ratio of 37.81, a P/E/G ratio of 2.24 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. During the same period last year, the firm earned $1.46 earnings per share. The business’s quarterly revenue was up 6.1% on a year-over-year basis. Sell-side analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Friday, November 8th. Apple’s payout ratio is 16.45%.

Insider Buying and Selling at Apple

In related news, SVP Katherine L. Adams sold 61,019 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the completion of the sale, the senior vice president now directly owns 187,043 shares in the company, valued at $42,309,126.60. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction that occurred on 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 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 408,170 shares of company stock worth $92,007,745 over the last 90 days. 0.06% of the stock is owned by insiders.

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.