Crestone Asset Management LLC Has $1.70 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Crestone Asset Management LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 10.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 12,455 shares of the iPhone maker’s stock after selling 1,396 shares during the period. Crestone Asset Management LLC’s holdings in Apple were worth $1,703,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AAPL. CFS Investment Advisory Services LLC grew its holdings in shares of Apple by 18,263.5% in the 1st quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock valued at $47,000 after buying an additional 7,416,445 shares during the period. Spence Asset Management acquired a new position in shares of Apple in the 2nd quarter valued at $49,000. HBC Financial Services PLLC grew its holdings in shares of Apple by 21.7% in the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after buying an additional 80 shares during the period. Emerson Wealth LLC grew its holdings in shares of Apple by 363.6% in the 1st quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock valued at $71,000 after buying an additional 320 shares during the period. Finally, Econ Financial Services Corp grew its holdings in shares of Apple by 29.1% in the 1st quarter. Econ Financial Services Corp now owns 421 shares of the iPhone maker’s stock valued at $74,000 after buying an additional 95 shares during the period. Institutional investors and hedge funds own 57.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on AAPL. set a $175.00 price target on shares of Apple in a report on Friday, July 29th. Sanford C. Bernstein set a $170.00 target price on shares of Apple in a research note on Monday, September 12th. Itaú Unibanco began coverage on shares of Apple in a research note on Tuesday, July 26th. They issued an “underperform” rating and a $136.00 target price for the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $139.00 target price on shares of Apple in a research note on Thursday, September 8th. Finally, Citigroup reaffirmed a “buy” rating and issued a $175.00 target price on shares of Apple in a research note on Tuesday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $176.26.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $148.79 on Thursday. The company’s 50 day moving average price is $147.28 and its two-hundred day moving average price is $149.99. Apple Inc. has a 12-month low of $129.04 and a 12-month high of $182.94. The firm has a market cap of $2.37 trillion, a PE ratio of 24.35, a PEG ratio of 1.89 and a beta of 1.25. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95.

Apple (NASDAQ:AAPLGet Rating) last announced its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.02. Apple had a net margin of 25.31% and a return on equity of 160.90%. The firm had revenue of $90.15 billion for the quarter, compared to analyst estimates of $88.77 billion. During the same quarter in the prior year, the business posted $1.24 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts predict that Apple Inc. will post 6.31 earnings per share for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.62%. Apple’s dividend payout ratio is 15.06%.

Insider Buying and Selling

In related news, CFO Luca Maestri sold 176,299 shares of the stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the sale, the chief financial officer now owns 110,673 shares in the company, valued at approximately $17,259,454.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Deirdre O’brien sold 8,053 shares of the stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $142.45, for a total value of $1,147,149.85. Following the completion of the transaction, the senior vice president now owns 136,290 shares of the company’s stock, valued at approximately $19,414,510.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Luca Maestri sold 176,299 shares of the stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the completion of the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 360,651 shares of company stock worth $53,703,645. Corporate insiders own 0.06% of the company’s stock.

About Apple

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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