Apple Inc. (NASDAQ:AAPL) Shares Sold by Garde Capital Inc.
Garde Capital Inc. decreased its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 110,910 shares of the iPhone maker’s stock after selling 1,836 shares during the quarter. Apple makes up about 1.7% of Garde Capital Inc.’s holdings, making the stock its 13th largest position. Garde Capital Inc.’s holdings in Apple were worth $25,842,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Bull Oak Capital LLC boosted its stake in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares during the period. Hershey Financial Advisers LLC purchased a new stake in shares of Apple in the second quarter valued at about $42,000. Christopher J. Hasenberg Inc boosted its stake in shares of 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 buying an additional 144 shares during the period. Teachers Insurance & Annuity Association of America purchased a new position in shares of Apple during the third quarter worth about $77,000. Finally, ARK Investment Management LLC acquired a new position in Apple in the 3rd quarter valued at about $110,000. Institutional investors and hedge funds own 67.73% of the company’s stock.
Analyst Ratings Changes
A number of analysts have weighed in on AAPL shares. Jefferies Financial Group cut Apple from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $211.84 to $200.75 in a research report on Thursday, January 30th. Morgan Stanley lifted their target price on shares of Apple from $273.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, January 31st. KeyCorp reissued an “underweight” rating and set a $200.00 price target on shares of Apple in a report on Friday, January 31st. Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective on the stock. in a report on Tuesday, January 21st. Finally, Wells Fargo & Company increased their target price on Apple to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Four investment 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 issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $242.52.
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Apple Price Performance
NASDAQ:AAPL opened at $244.60 on Friday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The firm has a market cap of $3.67 trillion, a price-to-earnings ratio of 38.83, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20. The company’s 50-day moving average is $240.70 and its two-hundred day moving average is $231.59. 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 – Get Free Report) last announced its quarterly earnings data 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%. Research analysts expect that Apple Inc. will post 7.28 EPS for the current year.
Apple Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.
Insider Activity at Apple
In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction dated Monday, December 16th. The stock was 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $945,233.10. Following the transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.
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.
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