Macroview Investment Management LLC Sells 102 Shares of Apple Inc. (NASDAQ:AAPL)

Macroview Investment Management LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 1.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,232 shares of the iPhone maker’s stock after selling 102 shares during the quarter. Apple accounts for 1.6% of Macroview Investment Management LLC’s holdings, making the stock its 21st largest position. Macroview Investment Management LLC’s holdings in Apple were worth $861,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Bluestem Financial Advisors LLC boosted its position in shares of Apple by 5,935.2% during the 2nd quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock worth $35,000 after acquiring an additional 229,929 shares in the last quarter. Spence Asset Management acquired a new stake in shares of Apple during the 2nd quarter worth approximately $49,000. HBC Financial Services PLLC boosted its position in shares of Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after acquiring an additional 80 shares in the last quarter. Ramsey Quantitative Systems acquired a new stake in shares of Apple during the 2nd quarter worth approximately $55,000. Finally, Morgan Dempsey Capital Management LLC acquired a new stake in shares of Apple during the 3rd quarter worth approximately $55,000. 57.60% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction dated 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 in the company, valued at $17,259,454.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Chris Kondo sold 20,200 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 31,505 shares in the company, valued at $4,685,423.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the transaction, the chief financial officer now owns 110,673 shares in the company, valued at $17,259,454.35. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AAPL shares. DA Davidson reduced their price target on shares of Apple to $167.00 in a research report on Thursday, December 1st. UBS Group set a $180.00 target price on shares of Apple in a research report on Thursday. StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a research report on Saturday, November 5th. Wedbush cut their target price on shares of Apple from $200.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 4th. Finally, KeyCorp restated a “buy” rating and issued a $175.00 target price on shares of Apple in a research report on Tuesday, November 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $171.22.

Apple Trading Up 1.0 %

AAPL opened at $134.76 on Monday. Apple Inc. has a 1-year low of $124.17 and a 1-year 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. The company has a market cap of $2.14 trillion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. The company has a fifty day moving average price of $139.33 and a two-hundred day moving average price of $148.32.

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

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, November 4th. Apple’s dividend payout ratio is currently 15.06%.

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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