Apple Inc. (NASDAQ:AAPL) Stock Holdings Lessened by AIFG Consultants Ltd.

AIFG Consultants Ltd. trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 4.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,572 shares of the iPhone maker’s stock after selling 131 shares during the quarter. Apple accounts for 0.5% of AIFG Consultants Ltd.’s portfolio, making the stock its 26th largest position. AIFG Consultants Ltd.’s holdings in Apple were worth $599,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Cannon Financial Strategists Inc. raised its position in Apple by 154.1% during the third quarter. Cannon Financial Strategists Inc. now owns 6,798 shares of the iPhone maker’s stock valued at $1,584,000 after acquiring an additional 4,123 shares in the last quarter. Triad Wealth Partners LLC grew its holdings in Apple by 57.4% during the third quarter. Triad Wealth Partners LLC now owns 18,796 shares of the iPhone maker’s stock valued at $4,379,000 after purchasing an additional 6,852 shares during the last quarter. Bellecapital International Ltd. grew its holdings in Apple by 1.9% during the third quarter. Bellecapital International Ltd. now owns 113,175 shares of the iPhone maker’s stock valued at $26,370,000 after purchasing an additional 2,105 shares during the last quarter. Arlington Partners LLC grew its holdings in Apple by 15.7% during the third quarter. Arlington Partners LLC now owns 17,663 shares of the iPhone maker’s stock valued at $4,115,000 after purchasing an additional 2,398 shares during the last quarter. Finally, Koss Olinger Consulting LLC grew its holdings in Apple by 1.5% during the third quarter. Koss Olinger Consulting LLC now owns 18,011 shares of the iPhone maker’s stock valued at $4,197,000 after purchasing an additional 262 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apple

In related news, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey E. Williams sold 59,730 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at approximately $111,148,695.84. The trade was a 10.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 408,170 shares of company stock worth $92,007,745 over the last ninety days. 0.06% of the stock is currently owned by company insiders.

Apple Stock Up 0.1 %

AAPL stock opened at $248.13 on Monday. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $250.80. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The stock’s 50 day moving average is $232.50 and its 200-day moving average is $223.88. The firm has a market capitalization of $3.75 trillion, a PE ratio of 40.81, a P/E/G ratio of 2.41 and a beta of 1.23.

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

Apple Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 0.40%. Apple’s payout ratio is presently 16.45%.

Analyst Ratings Changes

AAPL has been the topic of several research analyst reports. Loop Capital lowered their price objective on shares of Apple from $300.00 to $275.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. UBS Group restated a “neutral” rating and issued a $236.00 price objective on shares of Apple in a research note on Monday, December 2nd. Bank of America raised their price objective on shares of Apple to $256.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Monness Crespi & Hardt restated a “buy” rating and issued a $245.00 price objective on shares of Apple in a research note on Monday, September 9th. Finally, Jefferies Financial Group cut Apple from a “buy” rating to a “hold” rating and raised their target price for the stock from $205.00 to $212.92 in a research report on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average price target of $236.78.

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.