Apple Inc. (NASDAQ:AAPL) Shares Sold by Leibman Financial Services Inc.

Leibman Financial Services Inc. reduced its position in Apple Inc. (NASDAQ:AAPL) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,364 shares of the iPhone maker’s stock after selling 891 shares during the period. Apple makes up approximately 3.7% of Leibman Financial Services Inc.’s holdings, making the stock its 5th largest holding. Leibman Financial Services Inc.’s holdings in Apple were worth $5,211,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. China Universal Asset Management Co. Ltd. lifted its stake in shares of Apple by 127.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock worth $12,943,000 after purchasing an additional 42,282 shares in the last quarter. Graypoint LLC lifted its position in Apple by 3.9% during the 1st quarter. Graypoint LLC now owns 209,327 shares of the iPhone maker’s stock worth $35,895,000 after acquiring an additional 7,860 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Apple by 28.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 2,601,162 shares of the iPhone maker’s stock worth $446,048,000 after acquiring an additional 568,771 shares during the period. Baron Silver Stevens Financial Advisors LLC grew its position in Apple by 4.6% in the first quarter. Baron Silver Stevens Financial Advisors LLC now owns 45,004 shares of the iPhone maker’s stock valued at $7,717,000 after acquiring an additional 1,982 shares in the last quarter. Finally, Adapt Wealth Advisors LLC purchased a new stake in shares of Apple during the first quarter valued at approximately $868,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling

In other news, COO Jeffrey E. Williams sold 59,730 shares of the firm’s stock in a transaction on 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 directly owns 489,944 shares of the company’s stock, valued at $111,148,695.84. This trade represents a 10.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Katherine L. Adams sold 61,019 shares of the business’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 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 408,170 shares of company stock worth $92,007,745. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $232.87 on Tuesday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The firm has a market cap of $3.52 trillion, a P/E ratio of 38.30, a PEG ratio of 2.25 and a beta of 1.24. The stock has a fifty day moving average price of $228.06 and a two-hundred day moving average price of $218.64. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87.

Apple (NASDAQ:AAPL) last announced its earnings results 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. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. During the same quarter last year, the business posted $1.46 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. Research analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.43%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio is presently 16.45%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AAPL shares. KeyCorp lowered shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price target for the company. in a report on Friday, October 25th. Tigress Financial boosted their price target on Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 28th. Evercore ISI restated a “buy” rating and set a $250.00 price objective on shares of Apple in a research note on Thursday, September 26th. Oppenheimer reaffirmed a “buy” rating and issued a $250.00 target price on shares of Apple in a research report on Tuesday, October 1st. Finally, Barclays decreased their price target on shares of Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $235.25.

About Apple

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.