SageView Advisory Group LLC Sells 28,872 Shares of Apple Inc. (NASDAQ:AAPL)

SageView Advisory Group LLC cut its holdings in Apple Inc. (NASDAQ:AAPL) by 16.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,289 shares of the iPhone maker’s stock after selling 28,872 shares during the quarter. Apple makes up approximately 1.7% of SageView Advisory Group LLC’s portfolio, making the stock its 10th largest holding. SageView Advisory Group LLC’s holdings in Apple were worth $33,852,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. FMR LLC boosted its holdings in shares of Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after purchasing an additional 18,224,005 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after purchasing an additional 5,893,741 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after purchasing an additional 93,886,664 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Apple by 1.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 91,568,390 shares of the iPhone maker’s stock valued at $21,335,435,000 after purchasing an additional 1,742,087 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Apple by 1.9% in the 3rd quarter. Fisher Asset Management LLC now owns 58,615,053 shares of the iPhone maker’s stock valued at $13,657,308,000 after purchasing an additional 1,112,033 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction dated 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 approximately $97,474,301.68. This trade represents a 20.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the firm’s 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 completion of the sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of Apple stock opened at $227.63 on Monday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The company has a market cap of $3.42 trillion, a PE ratio of 36.13, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20. The firm has a fifty day moving average price of $241.26 and a two-hundred day moving average price of $231.04. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 7.28 EPS for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date is Monday, February 10th. Apple’s payout ratio is presently 15.87%.

Analyst Ratings Changes

AAPL has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on shares of Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, January 31st. The Goldman Sachs Group boosted their price target on shares of Apple from $280.00 to $294.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Barclays boosted their target price on shares of Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. Maxim Group boosted their price target on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a report on Friday, November 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price objective on shares of Apple in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $242.52.

About Apple

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.