Apple Inc. (NASDAQ:AAPL) Shares Sold by Tradition Wealth Management LLC

Tradition Wealth Management LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 124,473 shares of the iPhone maker’s stock after selling 2,089 shares during the period. Apple comprises approximately 2.6% of Tradition Wealth Management LLC’s investment portfolio, making the stock its 4th largest holding. Tradition Wealth Management LLC’s holdings in Apple were worth $29,002,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bull Oak Capital LLC raised its stake in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the period. Hershey Financial Advisers LLC bought a new stake in Apple in the 2nd quarter valued at $42,000. Christopher J. Hasenberg Inc boosted its position in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares during the period. Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple in the third quarter valued at $77,000. Finally, ARK Investment Management LLC bought a new position in shares of Apple in the third quarter valued at about $110,000. 67.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Chris Kondo sold 4,130 shares of the stock in a transaction dated 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 sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the company’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 completion of the sale, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Bank of America upped their price target on shares of Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Maxim Group increased their target price on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Morgan Stanley upped their price objective on Apple from $273.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, January 31st. TD Cowen reissued a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Finally, Monness Crespi & Hardt raised their price target on shares of Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $242.52.

Apple Price Performance

Apple stock opened at $233.22 on Friday. The stock has a 50-day moving average price of $241.49 and a two-hundred day moving average price of $230.96. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10. The company has a market capitalization of $3.51 trillion, a PE ratio of 37.02, a P/E/G ratio of 2.36 and a beta of 1.20. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating 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%. Analysts expect that Apple Inc. will post 7.33 EPS for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. Apple’s payout ratio is 15.87%.

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.