Forte Capital LLC ADV Sells 7,196 Shares of Apple Inc. (NASDAQ:AAPL)

Forte Capital LLC ADV lessened its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 283,628 shares of the iPhone maker’s stock after selling 7,196 shares during the quarter. Apple makes up approximately 7.1% of Forte Capital LLC ADV’s investment portfolio, making the stock its largest position. Forte Capital LLC ADV’s holdings in Apple were worth $39,197,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. MKT Advisors LLC boosted its position in shares of Apple by 0.5% during the 2nd quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock worth $1,777,000 after purchasing an additional 60 shares in the last quarter. Your Advocates Ltd. LLP boosted its position in shares of Apple by 1.0% during the 2nd quarter. Your Advocates Ltd. LLP now owns 6,339 shares of the iPhone maker’s stock worth $867,000 after purchasing an additional 65 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Apple by 6.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 1,046 shares of the iPhone maker’s stock worth $143,000 after purchasing an additional 66 shares in the last quarter. Aufman Associates Inc boosted its position in shares of Apple by 0.9% during the 2nd quarter. Aufman Associates Inc now owns 7,674 shares of the iPhone maker’s stock worth $1,049,000 after purchasing an additional 66 shares in the last quarter. Finally, Lake Point Wealth Management boosted its position in shares of Apple by 1.7% during the 2nd quarter. Lake Point Wealth Management now owns 4,025 shares of the iPhone maker’s stock worth $550,000 after purchasing an additional 67 shares in the last quarter. Institutional investors and hedge funds own 57.60% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction 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 SEC, which can be accessed through the SEC website. In other Apple news, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction 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 SEC, which can be accessed through the SEC website. Also, insider Chris Kondo sold 20,200 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the completion of the transaction, the insider now directly owns 31,505 shares of the company’s stock, valued at $4,685,423.60. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Apple Stock Up 1.0 %

AAPL opened at $134.76 on Monday. The company has a 50 day moving average of $139.33 and a 200 day moving average of $148.32. The company has a market cap of $2.14 trillion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $179.61. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, topping the consensus estimate of $1.26 by $0.03. Apple had a net margin of 25.31% and a return on equity of 160.90%. The company had revenue of $90.15 billion during the quarter, compared to the consensus estimate of $88.77 billion. During the same period last year, the firm earned $1.24 EPS. Apple’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, sell-side analysts expect that Apple Inc. will post 6.19 EPS for the current 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 issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Friday, November 4th. Apple’s payout ratio is 15.06%.

Analyst Upgrades and Downgrades

AAPL has been the topic of several recent research reports. Robert W. Baird dropped their price target on shares of Apple from $185.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. DA Davidson dropped their price target on shares of Apple to $167.00 in a research report on Thursday, December 1st. Morgan Stanley dropped their price target on shares of Apple from $177.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 8th. Credit Suisse Group set a $184.00 price target on shares of Apple in a research report on Wednesday, January 4th. Finally, BNP Paribas cut shares of Apple from an “outperform” rating to a “neutral” rating and set a $140.00 price target on the stock. in a research report on Tuesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average price target of $171.22.

Apple Company Profile

(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

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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