Shira Ridge Wealth Management Sells 129 Shares of Apple Inc. (NASDAQ:AAPL)

Shira Ridge Wealth Management trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,579 shares of the iPhone maker’s stock after selling 129 shares during the period. Apple comprises about 3.5% of Shira Ridge Wealth Management’s holdings, making the stock its 7th biggest position. Shira Ridge Wealth Management’s holdings in Apple were worth $6,892,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Darrow Company Inc. lifted its stake in shares of Apple by 20.2% during the 3rd quarter. Darrow Company Inc. now owns 3,401 shares of the iPhone maker’s stock worth $792,000 after purchasing an additional 572 shares during the period. Ayrshire Capital Management LLC lifted its position in Apple by 1.5% during the third quarter. Ayrshire Capital Management LLC now owns 33,899 shares of the iPhone maker’s stock worth $7,899,000 after buying an additional 485 shares during the period. Shaker Investments LLC OH boosted its stake in Apple by 80.0% in the 3rd quarter. Shaker Investments LLC OH now owns 24,265 shares of the iPhone maker’s stock worth $5,654,000 after buying an additional 10,784 shares during the last quarter. Professional Financial Advisors LLC grew its holdings in Apple by 0.5% in the 3rd quarter. Professional Financial Advisors LLC now owns 13,938 shares of the iPhone maker’s stock valued at $3,248,000 after buying an additional 68 shares during the period. Finally, CHICAGO TRUST Co NA increased its stake in shares of Apple by 15.2% during the 3rd quarter. CHICAGO TRUST Co NA now owns 149,219 shares of the iPhone maker’s stock valued at $34,768,000 after acquiring an additional 19,670 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Activity

In other news, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the transaction, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 408,170 shares of company stock worth $92,007,745. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on AAPL. Morgan Stanley reissued an “overweight” rating and set a $273.00 price objective on shares of Apple in a research note on Monday, November 25th. Tigress Financial increased their price target on Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a report on Wednesday, August 28th. Monness Crespi & Hardt reiterated a “buy” rating and set a $245.00 price objective on shares of Apple in a research note on Monday, September 9th. Needham & Company LLC restated a “buy” rating and issued a $260.00 target price on shares of Apple in a research note on Friday, November 1st. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $225.00 price target on shares of Apple in a research note on Wednesday, October 9th. 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $235.68.

Apple Stock Up 1.0 %

AAPL opened at $239.59 on Tuesday. The company has a market cap of $3.62 trillion, a PE ratio of 39.41, a price-to-earnings-growth ratio of 2.33 and a beta of 1.24. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $240.79. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The company has a 50 day moving average of $229.02 and a 200 day moving average of $220.02.

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

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. Apple’s dividend payout ratio is presently 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.