Aspiriant LLC reduced its holdings in Apple Inc. (NASDAQ:AAPL) by 6.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,925 shares of the iPhone maker’s stock after selling 8,126 shares during the quarter. Apple accounts for about 2.1% of Aspiriant LLC’s investment portfolio, making the stock its 12th largest holding. Aspiriant LLC’s holdings in Apple were worth $24,598,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in AAPL. Chicago Capital LLC lifted its stake in Apple by 46.9% during the second quarter. Chicago Capital LLC now owns 119,984 shares of the iPhone maker’s stock worth $22,210,000 after purchasing an additional 38,320 shares during the last quarter. Epstein & White Financial LLC lifted its stake in Apple by 5.0% during the second quarter. Epstein & White Financial LLC now owns 5,963 shares of the iPhone maker’s stock worth $1,103,000 after purchasing an additional 282 shares during the last quarter. AJ Wealth Strategies LLC lifted its stake in Apple by 8.6% during the second quarter. AJ Wealth Strategies LLC now owns 10,000 shares of the iPhone maker’s stock worth $1,812,000 after purchasing an additional 795 shares during the last quarter. First National Bank Sioux Falls lifted its stake in Apple by 48.6% during the second quarter. First National Bank Sioux Falls now owns 5,806 shares of the iPhone maker’s stock worth $1,075,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Wealth Alliance Advisory Group LLC lifted its stake in Apple by 39.0% during the second quarter. Wealth Alliance Advisory Group LLC now owns 9,785 shares of the iPhone maker’s stock worth $1,811,000 after purchasing an additional 2,746 shares during the last quarter. Institutional investors own 56.59% of the company’s stock.
Several equities analysts recently issued reports on AAPL shares. UBS Group raised their price objective on Apple from $180.00 to $185.00 in a research note on Wednesday, January 30th. Robert W. Baird restated a “buy” rating and set a $230.00 price objective on shares of Apple in a research note on Monday, November 19th. Royal Bank of Canada reissued a “buy” rating and set a $240.00 price target on shares of Apple in a report on Monday, November 19th. JPMorgan Chase & Co. set a $266.00 price target on Apple and gave the company a “buy” rating in a report on Monday, November 12th. Finally, Loop Capital lowered their price target on Apple to $225.00 and set a “buy” rating on the stock in a report on Monday, November 26th. One equities research analyst has rated the stock with a sell rating, twenty-four have issued a hold rating and twenty-one have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $191.66.
In related news, Director Arthur D. Levinson sold 1,521 shares of Apple stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $167.71, for a total value of $255,086.91. Following the transaction, the director now owns 1,134,804 shares of the company’s stock, valued at approximately $190,317,978.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.05% of the company’s stock.
NASDAQ:AAPL traded up $0.41 during mid-day trading on Friday, reaching $172.91. 23,983,992 shares of the stock were exchanged, compared to its average volume of 31,375,947. The firm has a market cap of $849.88 billion, a P/E ratio of 14.52, a PEG ratio of 1.77 and a beta of 1.13. Apple Inc. has a 1-year low of $142.00 and a 1-year high of $233.47. The company has a quick ratio of 1.25, a current ratio of 1.30 and a debt-to-equity ratio of 0.79.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, January 29th. The iPhone maker reported $4.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.17 by $0.01. The firm had revenue of $84.31 billion for the quarter, compared to analysts’ expectations of $84.07 billion. Apple had a return on equity of 50.92% and a net margin of 22.72%. Sell-side analysts expect that Apple Inc. will post 11.39 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 14th. Investors of record on Monday, February 11th were paid a $0.73 dividend. The ex-dividend date of this dividend was Friday, February 8th. This represents a $2.92 dividend on an annualized basis and a yield of 1.69%. Apple’s dividend payout ratio is currently 24.52%.
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Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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