Apple Inc. (NASDAQ:AAPL) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 1.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 897,159 shares of the iPhone maker’s stock after selling 10,743 shares during the period. Apple comprises about 6.9% of Daymark Wealth Partners LLC’s investment portfolio, making the stock its biggest holding. Daymark Wealth Partners LLC’s holdings in Apple were worth $209,038,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AAPL. Hershey Financial Advisers LLC bought a new stake in Apple in the second quarter worth $42,000. Hoese & Co LLP boosted its stake in 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 purchasing an additional 57 shares during the period. Sage Financial Group Inc. bought a new position in Apple during the second quarter worth $206,000. Benchmark Wealth Management LLC bought a new stake in Apple in the 2nd quarter valued at $208,000. Finally, SMH Capital Advisors Inc. acquired a new stake in Apple in the 2nd quarter worth $209,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on AAPL. Wedbush reissued an “outperform” rating and set a $285.00 price objective on shares of Apple in a report on Monday, September 9th. New Street Research reiterated a “neutral” rating and issued a $225.00 price target on shares of Apple in a research report on Wednesday, September 25th. The Goldman Sachs Group increased their target price on shares of Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Melius Research restated a “buy” rating and issued a $265.00 target price on shares of Apple in a research note on Tuesday, August 27th. Finally, Moffett Nathanson decreased their price target on shares of Apple from $211.00 to $202.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average price target of $235.25.

Insider Buying and Selling at Apple

In related news, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following 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 trade represents a 6.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Katherine L. Adams sold 61,019 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the transaction, the senior vice president now owns 187,043 shares in the company, valued at approximately $42,309,126.60. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 408,170 shares of company stock worth $92,007,745 over the last 90 days. Company insiders own 0.06% of the company’s stock.

Apple Trading Up 0.9 %

Shares of NASDAQ:AAPL opened at $235.06 on Wednesday. The company’s fifty day simple moving average is $228.43 and its 200 day simple moving average is $219.01. The firm has a market cap of $3.55 trillion, a price-to-earnings ratio of 38.66, a PEG ratio of 2.25 and a beta of 1.24. 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 Inc. has a 12 month low of $164.07 and a 12 month high of $237.49.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter last year, the firm earned $1.46 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, research analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio is currently 16.45%.

Apple Company 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.