Custos Family Office LLC Lowers Stake in Apple Inc. (NASDAQ:AAPL)

Custos Family Office LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 7.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,997 shares of the iPhone maker’s stock after selling 1,174 shares during the quarter. Apple accounts for about 2.0% of Custos Family Office LLC’s investment portfolio, making the stock its 12th largest position. Custos Family Office LLC’s holdings in Apple were worth $2,073,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AAPL. Spence Asset Management purchased a new position in shares of Apple in the second quarter worth $49,000. Ramsey Quantitative Systems purchased a new position in shares of Apple in the second quarter worth $55,000. Morgan Dempsey Capital Management LLC purchased a new position in shares of Apple in the third quarter worth $55,000. HBC Financial Services PLLC lifted its holdings in shares of Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after buying an additional 80 shares in the last quarter. Finally, Newfound Research LLC purchased a new position in shares of Apple in the third quarter worth $67,000. Hedge funds and other institutional investors own 57.60% of the company’s stock.

Insider Buying and Selling at Apple

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 value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $1,147,149.85. Following the completion of the transaction, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at $19,414,510.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 204,552 shares of company stock valued at $31,645,123. 0.06% of the stock is currently owned by insiders.

Apple Stock Performance

AAPL stock opened at $133.49 on Thursday. The firm has a market cap of $2.12 trillion, a price-to-earnings ratio of 21.85, a PEG ratio of 1.68 and a beta of 1.24. The firm has a 50-day simple moving average of $139.51 and a two-hundred day simple moving average of $148.33. Apple Inc. has a one year low of $124.17 and a one year high of $179.61. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.85 and a current ratio of 0.88.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, beating the consensus estimate of $1.26 by $0.03. The business had revenue of $90.15 billion during the quarter, compared to analyst estimates of $88.77 billion. Apple had a net margin of 25.31% and a return on equity of 160.90%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.24 earnings per share. On average, equities analysts forecast that Apple Inc. will post 6.19 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, November 4th. Apple’s payout ratio is 15.06%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AAPL. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Apple from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $189.00 price target on shares of Apple in a research note on Tuesday, November 8th. Barclays decreased their price target on shares of Apple from $144.00 to $133.00 and set an “equal weight” rating on the stock in a research note on Wednesday. UBS Group set a $180.00 price target on shares of Apple in a research note on Thursday, December 1st. Finally, Wedbush decreased their price target on shares of Apple from $200.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 4th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $171.93.

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; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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