Delos Wealth Advisors LLC Decreases Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Delos Wealth Advisors LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,498 shares of the iPhone maker’s stock after selling 326 shares during the quarter. Apple accounts for about 2.3% of Delos Wealth Advisors LLC’s holdings, making the stock its 16th largest position. Delos Wealth Advisors LLC’s holdings in Apple were worth $2,679,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Heritage Family Offices LLP bought a new stake in Apple during the second quarter valued at $3,331,000. Auxano Advisors LLC raised its position in Apple by 22.3% during the 2nd quarter. Auxano Advisors LLC now owns 142,290 shares of the iPhone maker’s stock valued at $29,969,000 after purchasing an additional 25,949 shares during the last quarter. Ritholtz Wealth Management raised its position in Apple by 5.8% during the 2nd quarter. Ritholtz Wealth Management now owns 473,925 shares of the iPhone maker’s stock valued at $99,818,000 after purchasing an additional 25,984 shares during the last quarter. Glassy Mountain Advisors Inc. raised its position in shares of Apple by 1.8% in the 2nd quarter. Glassy Mountain Advisors Inc. now owns 76,881 shares of the iPhone maker’s stock worth $16,193,000 after acquiring an additional 1,368 shares in the last quarter. Finally, Obermeyer Wood Investment Counsel Lllp raised its position in shares of Apple by 1.1% in the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 374,661 shares of the iPhone maker’s stock worth $78,911,000 after acquiring an additional 3,907 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AAPL. Barclays upped their price target on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research note on Friday, January 31st. UBS Group restated a “neutral” rating and issued a $236.00 price target on shares of Apple in a research note on Monday, December 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 target price on shares of Apple in a report on Friday, January 31st. Oppenheimer cut Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Finally, Raymond James raised their price objective on Apple to $250.00 and gave the company a “buy” rating in a research report on Monday, January 20th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $242.52.

Apple Stock Performance

Apple stock opened at $232.62 on Wednesday. The company has a 50 day moving average price of $241.02 and a 200-day moving average price of $231.20. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. 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 capitalization of $3.49 trillion, a PE ratio of 36.92, a P/E/G ratio of 2.32 and a beta of 1.20.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data 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%. As a group, equities analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

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

Insider Buying and Selling

In other news, 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 sale, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction 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 sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents 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 currently owned by insiders.

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.