Apple Inc. (NASDAQ:AAPL) Stake Trimmed by Yoder Wealth Management Inc.

Yoder Wealth Management Inc. lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,220 shares of the iPhone maker’s stock after selling 4,735 shares during the period. Apple comprises approximately 6.9% of Yoder Wealth Management Inc.’s investment portfolio, making the stock its biggest position. Yoder Wealth Management Inc.’s holdings in Apple were worth $11,468,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. American Trust lifted its stake in Apple by 3.1% in the first quarter. American Trust now owns 64,746 shares of the iPhone maker’s stock worth $11,103,000 after acquiring an additional 1,972 shares during the period. Jackson Wealth Management LLC raised its holdings in shares of Apple by 2.5% in the 1st quarter. Jackson Wealth Management LLC now owns 197,961 shares of the iPhone maker’s stock valued at $33,946,000 after purchasing an additional 4,798 shares in the last quarter. Bush Investment Group LLC bought a new stake in shares of Apple in the 1st quarter valued at about $1,002,000. Keynote Financial Services LLC purchased a new stake in shares of Apple in the 1st quarter worth approximately $7,798,000. Finally, SRN Advisors LLC boosted its stake in shares of Apple by 5.4% during the first quarter. SRN Advisors LLC now owns 4,354 shares of the iPhone maker’s stock valued at $747,000 after purchasing an additional 222 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Activity

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the firm’s 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 sale, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This trade represents a 6.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the sale, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 508,170 shares of company stock valued at $117,004,745. 0.06% of the stock is owned by company insiders.

Apple Stock Up 1.9 %

AAPL stock opened at $254.49 on Monday. The company has a 50 day moving average of $234.97 and a two-hundred day moving average of $225.70. The company has a market cap of $3.85 trillion, a price-to-earnings ratio of 41.86, a PEG ratio of 2.41 and a beta of 1.23. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $255.00. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51.

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

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.39%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of analyst reports. Maxim Group upped their target price on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Needham & Company LLC restated a “buy” rating and set a $260.00 price objective on shares of Apple in a research note on Tuesday, December 10th. Wells Fargo & Company raised their price objective on Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Oppenheimer reiterated a “buy” rating and issued a $250.00 target price on shares of Apple in a report on Tuesday, October 1st. Finally, Bank of America raised their price target on shares of Apple to $256.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus 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.