BSN CAPITAL PARTNERS Ltd Has $27.44 Million Holdings in Apple Inc. (NASDAQ:AAPL)

BSN CAPITAL PARTNERS Ltd decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 95.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 120,000 shares of the iPhone maker’s stock after selling 2,455,000 shares during the quarter. Apple makes up about 5.2% of BSN CAPITAL PARTNERS Ltd’s investment portfolio, making the stock its 3rd largest position. BSN CAPITAL PARTNERS Ltd’s holdings in Apple were worth $27,442,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of AAPL. TL Private Wealth raised its position in shares of Apple by 3.9% during the third quarter. TL Private Wealth now owns 3,583 shares of the iPhone maker’s stock worth $794,000 after acquiring an additional 133 shares during the last quarter. USA Financial Formulas raised its position in shares of Apple by 24,100.0% during the third quarter. USA Financial Formulas now owns 7,260 shares of the iPhone maker’s stock worth $1,692,000 after acquiring an additional 7,230 shares during the last quarter. Wedmont Private Capital raised its position in shares of Apple by 12.2% during the third quarter. Wedmont Private Capital now owns 229,507 shares of the iPhone maker’s stock worth $50,879,000 after acquiring an additional 24,928 shares during the last quarter. Marcum Wealth LLC raised its position in shares of Apple by 0.7% during the third quarter. Marcum Wealth LLC now owns 91,734 shares of the iPhone maker’s stock worth $21,374,000 after acquiring an additional 674 shares during the last quarter. Finally, CWM LLC raised its position in shares of Apple by 3.6% during the third quarter. CWM LLC now owns 2,071,727 shares of the iPhone maker’s stock worth $482,712,000 after acquiring an additional 71,463 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Apple Price Performance

AAPL stock opened at $234.93 on Thursday. The company has a market capitalization of $3.55 trillion, a P/E ratio of 38.64, a price-to-earnings-growth ratio of 2.28 and a beta of 1.24. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.49. The business has a 50-day simple moving average of $228.71 and a two-hundred day simple moving average of $219.12.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the previous year, the business earned $1.46 EPS. The company’s quarterly revenue was up 6.1% on a year-over-year basis. Research analysts expect that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. Apple’s dividend payout ratio is currently 16.45%.

Insider Buying and Selling

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the sale, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. The trade was a 6.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 408,170 shares of company stock valued at $92,007,745. 0.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AAPL shares. Piper Sandler reaffirmed a “neutral” rating and set a $225.00 price objective on shares of Apple in a research note on Wednesday, October 9th. Rosenblatt Securities lifted their price objective on Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Citigroup lifted their price objective on Apple to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Morgan Stanley reaffirmed an “overweight” rating and set a $273.00 price objective on shares of Apple in a research note on Monday. Finally, Loop Capital decreased their price objective on Apple from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $235.25.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. 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.