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

Widmann Financial Services Inc. lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,564 shares of the iPhone maker’s stock after selling 368 shares during the quarter. Apple makes up about 5.0% of Widmann Financial Services Inc.’s holdings, making the stock its 3rd biggest position. Widmann Financial Services Inc.’s holdings in Apple were worth $6,655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of AAPL. Encompass More Asset Management lifted its holdings in shares of Apple by 347.2% in the 3rd quarter. Encompass More Asset Management now owns 18,178 shares of the iPhone maker’s stock valued at $4,236,000 after purchasing an additional 14,113 shares during the last quarter. Acropolis Investment Management LLC lifted its stake in Apple by 0.7% in the third quarter. Acropolis Investment Management LLC now owns 81,959 shares of the iPhone maker’s stock valued at $19,094,000 after buying an additional 545 shares during the last quarter. Kolinsky Wealth Management LLC boosted its holdings in shares of Apple by 7.5% in the third quarter. Kolinsky Wealth Management LLC now owns 30,132 shares of the iPhone maker’s stock valued at $7,021,000 after acquiring an additional 2,106 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Apple by 18.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,583,232 shares of the iPhone maker’s stock worth $2,232,893,000 after acquiring an additional 1,475,580 shares during the last quarter. Finally, PDT Partners LLC acquired a new position in shares of Apple in the 3rd quarter valued at $1,365,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Activity

In other news, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,528,946.53. This trade represents a 21.13 % 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, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citigroup increased their price target on shares of Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Oppenheimer lowered Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Maxim Group upped their price objective on Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 target price on shares of Apple in a research note on Friday, January 31st. Finally, Evercore ISI increased their price target on Apple from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $242.52.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $233.22 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The stock has a market cap of $3.51 trillion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The business’s fifty day moving average price is $241.49 and its two-hundred day moving average price is $230.96.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, analysts forecast that Apple Inc. will post 7.33 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 10th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. Apple’s payout ratio is currently 15.87%.

Apple 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.