Apple Inc. (NASDAQ:AAPL) Stock Holdings Reduced by Private Wealth Partners LLC

Private Wealth Partners LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 11.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 528,548 shares of the iPhone maker’s stock after selling 71,554 shares during the quarter. Apple makes up approximately 9.8% of Private Wealth Partners LLC’s investment portfolio, making the stock its biggest holding. Private Wealth Partners LLC’s holdings in Apple were worth $123,152,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. High Net Worth Advisory Group LLC boosted its position in shares of Apple by 1.7% in the 3rd quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after purchasing an additional 1,066 shares in the last quarter. Granite Investment Partners LLC boosted its holdings in Apple by 2.7% in the second quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker’s stock worth $60,958,000 after acquiring an additional 7,606 shares in the last quarter. Truist Financial Corp grew its stake in shares of Apple by 1.8% during the second quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock worth $1,473,224,000 after acquiring an additional 126,210 shares during the last quarter. Sterling Investment Counsel LLC increased its holdings in shares of Apple by 3.8% during the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after acquiring an additional 2,565 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its stake in Apple by 5.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 1,928,110 shares of the iPhone maker’s stock worth $406,099,000 after purchasing an additional 95,235 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of recent analyst reports. Evercore ISI restated a “buy” rating and set a $250.00 price target on shares of Apple in a research note on Thursday, September 26th. Piper Sandler reiterated a “neutral” rating and set a $225.00 price target on shares of Apple in a research note on Wednesday, October 9th. Monness Crespi & Hardt restated a “buy” rating and issued a $245.00 price objective on shares of Apple in a research note on Monday, September 9th. Jefferies Financial Group lowered Apple from a “buy” rating to a “hold” rating and upped their target price for the company from $205.00 to $212.92 in a research report on Monday, October 7th. Finally, UBS Group restated a “neutral” rating and set a $236.00 price objective on shares of Apple in a research note on Monday, December 2nd. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $238.03.

Insider Transactions at Apple

In other Apple news, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Apple Trading Down 0.2 %

Shares of NASDAQ AAPL opened at $243.36 on Monday. The stock has a fifty day simple moving average of $238.91 and a 200-day simple moving average of $229.08. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $3.68 trillion, a PE ratio of 40.03, a PEG ratio of 2.41 and a beta of 1.20.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. The firm had revenue of $94.93 billion for 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 for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.46 EPS. On average, equities analysts forecast that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors 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 0.41%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio (DPR) is 16.45%.

About Apple

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.