Apple Inc. (NASDAQ:AAPL) is Laraway Financial Advisors Inc’s Largest Position

Laraway Financial Advisors Inc trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 48,815 shares of the iPhone maker’s stock after selling 526 shares during the period. Apple makes up approximately 9.1% of Laraway Financial Advisors Inc’s holdings, making the stock its largest position. Laraway Financial Advisors Inc’s holdings in Apple were worth $11,374,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in AAPL. Bull Oak Capital LLC increased its position in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. Hershey Financial Advisers LLC bought a new stake in shares of Apple during the 2nd quarter valued at $42,000. Christopher J. Hasenberg Inc lifted its stake in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after buying an additional 144 shares in the last quarter. Teachers Insurance & Annuity Association of America purchased a new position in shares of Apple during the 3rd quarter valued at $77,000. Finally, ARK Investment Management LLC purchased a new stake in Apple in the 3rd quarter worth $110,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on AAPL shares. Wedbush reiterated an “outperform” rating and issued a $325.00 price target on shares of Apple in a research note on Thursday, January 23rd. Jefferies Financial Group downgraded shares of Apple from a “hold” rating to an “underperform” rating and dropped their target price for the stock from $211.84 to $200.75 in a research note on Thursday, January 30th. Bank of America upped their price target on shares of Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Monness Crespi & Hardt increased their target price on shares of Apple to $245.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Oppenheimer cut shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $242.52.

Apple Stock Up 2.2 %

Shares of NASDAQ AAPL opened at $232.62 on Wednesday. The company’s 50-day simple moving average is $241.02 and its 200-day simple moving average is $231.20. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $260.10. The firm has a market cap of $3.49 trillion, a price-to-earnings ratio of 36.92, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last issued its 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%. Equities analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

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

Insider Buying and Selling at Apple

In other Apple news, 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 transaction of $24,997,000.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

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.