Lake Street Financial LLC cut its position in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 4.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 231,773 shares of the iPhone maker’s stock after selling 9,583 shares during the quarter. Apple accounts for 7.4% of Lake Street Financial LLC’s portfolio, making the stock its largest position. Lake Street Financial LLC’s holdings in Apple were worth $32,031,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Apple by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after purchasing an additional 8,734,393 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Apple by 2.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 237,910,783 shares of the iPhone maker’s stock worth $32,527,162,000 after acquiring an additional 4,831,418 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Apple by 8.2% during the 2nd quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock worth $16,889,649,000 after acquiring an additional 9,411,018 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Apple by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock worth $14,097,970,000 after acquiring an additional 1,155,915 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Apple by 12.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock worth $11,001,469,000 after acquiring an additional 8,716,964 shares in the last quarter. 57.60% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Apple
In other news, insider Chris Kondo sold 20,200 shares of Apple stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total value 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 Securities & Exchange Commission, which is available at the SEC website. In related news, insider Chris Kondo sold 20,200 shares of Apple stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the sale, the insider now directly owns 31,505 shares of the company’s stock, valued at $4,685,423.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $155.95, for a total value of $27,493,829.05. Following the sale, the chief financial officer now directly owns 110,673 shares in the company, valued at $17,259,454.35. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Apple Trading Up 1.0 %
Apple stock opened at $134.76 on Tuesday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.85 and a current ratio of 0.88. The business’s 50-day simple moving average is $139.25 and its 200-day simple moving average is $148.30. The firm has a market capitalization of $2.14 trillion, a PE ratio of 22.06, a PEG ratio of 1.74 and a beta of 1.24. Apple Inc. has a 52 week low of $124.17 and a 52 week high of $179.61.
Apple (NASDAQ:AAPL – Get Rating) last posted its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. The business had revenue of $90.15 billion for the quarter, compared to analyst estimates of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 earnings per share. Equities research analysts forecast that Apple Inc. will post 6.19 earnings per share for the current 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 paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.68%. Apple’s payout ratio is presently 15.06%.
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.
- Get a free copy of the StockNews.com research report on Apple (AAPL)
- Michael Burry is Bearish on Stocks Again and Heres Why
- Is Macau a Sinking Ship for Wynn Resorts?
- Don’t Miss These 2 Mid-Cap Techs That Broke Out Last Week
- Pinterest is the Social Commerce Platform to Watch in 2023
- Is Walgreens Boots Alliance Earnings Miss Good For Investors?
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.