Apple Inc. (NASDAQ:AAPL) Shares Sold by Armstrong Henry H Associates Inc.

Armstrong Henry H Associates Inc. lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.4% during the third quarter, HoldingsChannel reports. The firm owned 64,547 shares of the iPhone maker’s stock after selling 939 shares during the period. Apple accounts for 1.4% of Armstrong Henry H Associates Inc.’s portfolio, making the stock its 9th largest position. Armstrong Henry H Associates Inc.’s holdings in Apple were worth $15,039,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of AAPL. Hershey Financial Advisers LLC acquired a new stake in shares of Apple during the second quarter valued at about $42,000. Access Investment Management LLC acquired a new stake in Apple during the first quarter valued at approximately $140,000. Hoese & Co LLP raised its position in shares of Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after acquiring an additional 57 shares in the last quarter. Sage Financial Group Inc. acquired a new position in Apple in the second quarter worth $206,000. Finally, Benchmark Wealth Management LLC bought a new position in Apple in the second quarter worth about $208,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Activity

In other Apple news, insider Chris Kondo sold 4,130 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the transaction, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 408,170 shares of company stock worth $92,007,745. Company insiders own 0.06% of the company’s stock.

Apple Stock Up 0.1 %

Shares of AAPL stock opened at $228.28 on Wednesday. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The stock’s 50 day simple moving average is $227.34 and its 200 day simple moving average is $217.31. The company has a market capitalization of $3.45 trillion, a price-to-earnings ratio of 37.55, a PEG ratio of 2.20 and a beta of 1.24.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the prior year, the company earned $1.46 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, research analysts predict that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio is 16.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Piper Sandler reiterated a “neutral” rating and issued a $225.00 target price on shares of Apple in a research note on Wednesday, October 9th. Barclays dropped their price objective on Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, November 1st. New Street Research reaffirmed a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research note on Wednesday, September 25th. 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. Finally, Maxim Group upped their price target on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average target price of $235.25.

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.