Apple Inc. (NASDAQ:AAPL) Shares Sold by Cassia Capital Partners LLC

Cassia Capital Partners LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,751 shares of the iPhone maker’s stock after selling 327 shares during the quarter. Apple comprises 0.9% of Cassia Capital Partners LLC’s investment portfolio, making the stock its 14th largest holding. Cassia Capital Partners LLC’s holdings in Apple were worth $1,340,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Berry Wealth Group LP grew its stake in Apple by 1.5% in the 3rd quarter. Berry Wealth Group LP now owns 40,903 shares of the iPhone maker’s stock valued at $9,530,000 after acquiring an additional 597 shares during the last quarter. 1858 Wealth Management LLC grew its stake in Apple by 5.9% in the 3rd quarter. 1858 Wealth Management LLC now owns 33,116 shares of the iPhone maker’s stock valued at $7,716,000 after acquiring an additional 1,846 shares during the last quarter. CarsonAllaria Wealth Management Ltd. grew its stake in Apple by 1.1% in the 3rd quarter. CarsonAllaria Wealth Management Ltd. now owns 13,293 shares of the iPhone maker’s stock valued at $3,097,000 after acquiring an additional 149 shares during the last quarter. MBE Wealth Management LLC grew its stake in Apple by 22.2% in the 3rd quarter. MBE Wealth Management LLC now owns 5,890 shares of the iPhone maker’s stock valued at $1,372,000 after acquiring an additional 1,071 shares during the last quarter. Finally, Cannon Financial Strategists Inc. grew its stake in Apple by 154.1% in the 3rd quarter. Cannon Financial Strategists Inc. now owns 6,798 shares of the iPhone maker’s stock valued at $1,584,000 after acquiring an additional 4,123 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Katherine L. Adams sold 61,019 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the transaction, the senior vice president now owns 187,043 shares of the company’s stock, valued at approximately $42,309,126.60. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 408,170 shares of company stock valued at $92,007,745 over the last 90 days. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on AAPL. Maxim Group raised their price target on shares of Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Tigress Financial increased their price objective on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 28th. Monness Crespi & Hardt reiterated a “buy” rating and set a $245.00 price objective on shares of Apple in a report on Monday, September 9th. StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Melius Research reiterated a “buy” rating and set a $265.00 price objective on shares of Apple in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $236.78.

Apple Stock Up 1.2 %

AAPL stock opened at $251.04 on Tuesday. The company has a market capitalization of $3.79 trillion, a P/E ratio of 41.29, a PEG ratio of 2.41 and a beta of 1.23. The firm has a 50 day simple moving average of $233.09 and a 200-day simple moving average of $224.30. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $251.38.

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

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio is presently 16.45%.

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.