McDonald Partners LLC Has $12.71 Million Position in Apple Inc. (NASDAQ:AAPL)

McDonald Partners LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 17.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,936 shares of the iPhone maker’s stock after selling 20,043 shares during the quarter. Apple accounts for 4.8% of McDonald Partners LLC’s portfolio, making the stock its largest holding. McDonald Partners LLC’s holdings in Apple were worth $12,706,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Bluestem Financial Advisors LLC raised its stake in shares of Apple by 5,935.2% in the second quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock valued at $35,000 after purchasing an additional 229,929 shares in the last quarter. HBC Financial Services PLLC raised its stake 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 valued at $49,000 after purchasing an additional 80 shares in the last quarter. Ramsey Quantitative Systems acquired a new position in shares of Apple in the second quarter valued at $55,000. Morgan Dempsey Capital Management LLC acquired a new position in shares of Apple in the third quarter valued at $55,000. Finally, Newfound Research LLC acquired a new position in shares of Apple in the third quarter valued at $67,000. 57.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 20,200 shares of the firm’s 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 transaction, the insider now owns 31,505 shares in the company, valued at $4,685,423.60. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, 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 transaction of $27,493,829.05. Following the transaction, 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 available at the SEC website. Also, insider Chris Kondo sold 20,200 shares of Apple stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total value of $3,004,144.00. Following the transaction, the insider now owns 31,505 shares in the company, valued at approximately $4,685,423.60. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

Apple stock opened at $135.94 on Wednesday. The business’s 50-day simple moving average is $139.18 and its 200 day simple moving average is $148.28. The stock has a market cap of $2.16 trillion, a price-to-earnings ratio of 22.25, a P/E/G 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 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 posted its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.03. Apple had a return on equity of 160.90% and a net margin of 25.31%. The business had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. During the same quarter last year, the business earned $1.24 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, research analysts anticipate that Apple Inc. will post 6.19 earnings per share for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Shareholders 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 yield of 0.68%. The ex-dividend date was Friday, November 4th. Apple’s dividend payout ratio (DPR) is currently 15.06%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup restated a “buy” rating and issued a $175.00 target price on shares of Apple in a research note on Tuesday, November 8th. Fundamental Research increased their price objective on Apple to $168.50 and gave the stock a “buy” rating in a research note on Tuesday, November 8th. Bank of America dropped their price objective on Apple from $160.00 to $154.00 and set a “neutral” rating for the company in a research note on Monday, November 7th. UBS Group set a $180.00 price objective on Apple in a research note on Thursday, January 12th. Finally, Rosenblatt Securities dropped their price objective on Apple from $189.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, January 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $171.22.

Apple Company Profile

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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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