Apple Inc. $AAPL Shares Sold by Sachetta LLC

Sachetta LLC lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,889 shares of the iPhone maker’s stock after selling 599 shares during the quarter. Apple comprises approximately 2.3% of Sachetta LLC’s investment portfolio, making the stock its 6th largest holding. Sachetta LLC’s holdings in Apple were worth $5,927,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AAPL. First National Bank of Hutchinson boosted its position in Apple by 24.6% in the fourth quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker’s stock worth $8,845,000 after purchasing an additional 6,982 shares during the last quarter. Eagle Capital Management LLC boosted its holdings in shares of Apple by 0.5% in the 4th quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker’s stock worth $13,544,000 after buying an additional 272 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of Apple by 14.8% in the 4th quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker’s stock worth $134,554,000 after buying an additional 69,207 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Apple by 4.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker’s stock valued at $16,742,000 after purchasing an additional 2,695 shares during the last quarter. Finally, Highview Capital Management LLC DE lifted its position in shares of Apple by 2.4% during the 4th quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker’s stock valued at $12,587,000 after buying an additional 1,155 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling

In other Apple news, SVP Deirdre O’brien sold 43,013 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $257.39, for a total value of $11,071,116.07. Following the transaction, the senior vice president owned 136,687 shares in the company, valued at approximately $35,181,866.93. The trade was a 23.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the completion of the transaction, the senior vice president owned 179,158 shares in the company, valued at $46,005,982.82. The trade was a 20.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 259,121 shares of company stock valued at $65,358,981 over the last quarter. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the topic of several recent research reports. Wells Fargo & Company increased their target price on Apple from $245.00 to $290.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Robert W. Baird increased their price objective on Apple from $230.00 to $280.00 and gave the stock an “outperform” rating in a report on Tuesday. Needham & Company LLC reissued a “hold” rating on shares of Apple in a report on Friday, July 25th. Barclays increased their price target on shares of Apple from $173.00 to $180.00 and gave the stock an “underweight” rating in a report on Friday, August 1st. Finally, Tigress Financial increased their target price on shares of Apple from $300.00 to $305.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, September 17th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $255.49.

Apple Trading Up 0.6%

Shares of AAPL opened at $271.40 on Friday. The firm’s 50 day simple moving average is $247.48 and its 200 day simple moving average is $221.54. The company has a market capitalization of $4.03 trillion, a P/E ratio of 41.18, a P/E/G ratio of 2.62 and a beta of 1.09. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $274.14.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. The business had revenue of $102.47 billion for the quarter, compared to the consensus estimate of $101.65 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $1.64 earnings per share. Sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

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.