Apple Inc. (NASDAQ:AAPL) Shares Sold by Eagle Global Advisors LLC

Eagle Global Advisors LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 0.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 447,441 shares of the iPhone maker’s stock after selling 700 shares during the quarter. Apple makes up about 5.0% of Eagle Global Advisors LLC’s portfolio, making the stock its largest position. Eagle Global Advisors LLC’s holdings in Apple were worth $76,606,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Center For Asset Management LLC increased its holdings in Apple by 53.3% during the second quarter. Center For Asset Management LLC now owns 21,898 shares of the iPhone maker’s stock worth $4,247,000 after buying an additional 7,616 shares during the last quarter. Kingdom Financial Group LLC. increased its holdings in Apple by 5.5% during the third quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock worth $1,963,000 after buying an additional 598 shares during the last quarter. RFG Advisory LLC increased its holdings in Apple by 13.6% during the third quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock worth $29,589,000 after buying an additional 20,737 shares during the last quarter. Conrad Siegel Investment Advisors Inc. increased its stake in shares of Apple by 22.2% in the second quarter. Conrad Siegel Investment Advisors Inc. now owns 7,897 shares of the iPhone maker’s stock worth $1,532,000 after purchasing an additional 1,436 shares in the last quarter. Finally, Tsfg LLC increased its stake in shares of Apple by 2.2% in the third quarter. Tsfg LLC now owns 50,943 shares of the iPhone maker’s stock worth $8,722,000 after purchasing an additional 1,091 shares in the last quarter. Hedge funds and other institutional investors own 58.51% of the company’s stock.

Apple Trading Up 0.3 %

Shares of AAPL opened at $188.85 on Monday. The firm has a market cap of $2.92 trillion, a price-to-earnings ratio of 29.42, a PEG ratio of 2.27 and a beta of 1.31. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a fifty-two week low of $143.90 and a fifty-two week high of $199.62. The firm has a 50 day moving average price of $190.51 and a 200-day moving average price of $184.04.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The firm had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.88 EPS. As a group, equities research analysts forecast that Apple Inc. will post 6.56 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 12th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.51%. Apple’s payout ratio is 14.95%.

Insider Transactions at Apple

In related news, insider Chris Kondo sold 5,513 shares of Apple stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $192.00, for a total value of $1,058,496.00. Following the transaction, the insider now directly owns 29,174 shares of the company’s stock, valued at $5,601,408. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Chris Kondo sold 5,513 shares of Apple stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $192.00, for a total value of $1,058,496.00. Following the transaction, the insider now directly owns 29,174 shares of the company’s stock, valued at $5,601,408. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Katherine L. Adams sold 123,448 shares of Apple stock in a transaction on Friday, November 17th. The stock was sold at an average price of $188.79, for a total transaction of $23,305,747.92. Following the completion of the transaction, the senior vice president now directly owns 293,266 shares in the company, valued at $55,365,688.14. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Tigress Financial lifted their target price on shares of Apple from $225.00 to $240.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 16th. Barclays reduced their target price on shares of Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a research note on Friday, February 2nd. Redburn Atlantic downgraded shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price for the company. in a research note on Wednesday, January 10th. Oppenheimer reiterated an “outperform” rating and issued a $200.00 target price on shares of Apple in a research note on Friday, February 2nd. Finally, KeyCorp reiterated a “sector weight” rating on shares of Apple in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $205.72.

View Our Latest Stock Analysis on AAPL

Apple Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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