Apple Inc. (NASDAQ:AAPL) Stock Holdings Decreased by Marietta Wealth Management LLC

Marietta Wealth Management LLC lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,518 shares of the iPhone maker’s stock after selling 235 shares during the quarter. Apple accounts for 3.9% of Marietta Wealth Management LLC’s portfolio, making the stock its biggest holding. Marietta Wealth Management LLC’s holdings in Apple were worth $27,149,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. China Universal Asset Management Co. Ltd. raised its stake in shares of Apple by 127.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock valued at $12,943,000 after acquiring an additional 42,282 shares in the last quarter. Westwood Holdings Group Inc. raised its position in Apple by 2.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 761,774 shares of the iPhone maker’s stock valued at $130,629,000 after purchasing an additional 17,519 shares in the last quarter. Brown Shipley& Co Ltd bought a new stake in Apple during the 1st quarter valued at $21,747,000. KLCM Advisors Inc. grew its position in shares of Apple by 3.4% during the 1st quarter. KLCM Advisors Inc. now owns 72,775 shares of the iPhone maker’s stock worth $12,479,000 after buying an additional 2,373 shares in the last quarter. Finally, Garner Asset Management Corp increased its stake in shares of Apple by 9.5% during the first quarter. Garner Asset Management Corp now owns 42,324 shares of the iPhone maker’s stock valued at $7,258,000 after buying an additional 3,674 shares during the period. Institutional investors own 67.73% of the company’s stock.

Apple Stock Up 0.7 %

Shares of AAPL opened at $249.79 on Friday. The company has a market capitalization of $3.78 trillion, a price-to-earnings ratio of 41.08, a PEG ratio of 2.41 and a beta of 1.23. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $254.28. The stock’s 50-day moving average price is $234.43 and its 200-day moving average price is $225.06. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last issued 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. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. During the same quarter last year, the company earned $1.46 EPS. The business’s revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts predict that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. Apple’s payout ratio is 16.45%.

Analysts Set New Price Targets

A number of analysts recently weighed in on AAPL shares. KeyCorp lowered shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price objective for the company. in a research note on Friday, October 25th. Wells Fargo & Company upped their price target on shares of Apple to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Citigroup lifted their price objective on shares of Apple to $185.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Tigress Financial lifted their price target on Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a report on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $236.78.

Insiders Place Their Bets

In other news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 508,170 shares of company stock worth $117,004,745. Company insiders own 0.06% of the company’s stock.

Apple 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.