Audent Global Asset Management LLC Sells 11,669 Shares of Apple Inc. (NASDAQ:AAPL)

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Audent Global Asset Management LLC lowered its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 46.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 13,623 shares of the iPhone maker’s stock after selling 11,669 shares during the quarter. Apple makes up approximately 5.4% of Audent Global Asset Management LLC’s portfolio, making the stock its 4th largest holding. Audent Global Asset Management LLC’s holdings in Apple were worth $3,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in AAPL. FMR LLC raised its position in shares of Apple by 5.3% in the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after purchasing an additional 18,224,005 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after buying an additional 5,893,741 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after acquiring an additional 93,886,664 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Apple by 1.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 91,568,390 shares of the iPhone maker’s stock worth $21,335,435,000 after acquiring an additional 1,742,087 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Apple by 1.9% during the third quarter. Fisher Asset Management LLC now owns 58,615,053 shares of the iPhone maker’s stock valued at $13,657,308,000 after acquiring an additional 1,112,033 shares during the period. Institutional investors own 67.73% of the company’s stock.

Insider Activity

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

Apple Stock Performance

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AAPL stock opened at $227.63 on Friday. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The company has a market cap of $3.42 trillion, a P/E ratio of 36.13, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. The business’s fifty day moving average is $241.45 and its 200-day moving average is $230.97.

Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Equities research analysts forecast that Apple Inc. will post 7.33 EPS for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Monday, February 10th. Apple’s dividend payout ratio is 15.87%.

Analysts Set New Price Targets

Several research firms recently weighed in on AAPL. Monness Crespi & Hardt boosted their price objective on Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Sanford C. Bernstein boosted their target price on shares of Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Maxim Group upped their target price on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group lowered shares of Apple from a “hold” rating to an “underperform” rating and decreased their price target for the stock from $211.84 to $200.75 in a research report on Thursday, January 30th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $242.52.

Get Our Latest Analysis on AAPL

Apple 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.

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