Apple Inc. (NASDAQ:AAPL) is Northstar Group Inc.’s 4th Largest Position

Northstar Group Inc. decreased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 156,329 shares of the iPhone maker’s stock after selling 3,403 shares during the period. Apple accounts for 6.3% of Northstar Group Inc.’s investment portfolio, making the stock its 4th biggest position. Northstar Group Inc.’s holdings in Apple were worth $36,425,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Cypress Wealth Services LLC increased its position in Apple by 0.6% during the third quarter. Cypress Wealth Services LLC now owns 133,518 shares of the iPhone maker’s stock worth $31,110,000 after buying an additional 817 shares in the last quarter. Morton Capital Management LLC CA boosted its holdings in shares of Apple by 4.3% during the third quarter. Morton Capital Management LLC CA now owns 66,499 shares of the iPhone maker’s stock worth $15,494,000 after purchasing an additional 2,719 shares during the last quarter. Kelly Financial Services LLC boosted its holdings in shares of Apple by 2.3% during the third quarter. Kelly Financial Services LLC now owns 17,147 shares of the iPhone maker’s stock worth $3,995,000 after purchasing an additional 382 shares during the last quarter. TL Private Wealth boosted its holdings in shares of Apple by 3.9% during the third quarter. TL Private Wealth now owns 3,583 shares of the iPhone maker’s stock worth $794,000 after purchasing an additional 133 shares during the last quarter. Finally, USA Financial Formulas boosted its holdings in shares of Apple by 24,100.0% during the third quarter. USA Financial Formulas now owns 7,260 shares of the iPhone maker’s stock worth $1,692,000 after purchasing an additional 7,230 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Stock Down 0.1 %

Shares of NASDAQ AAPL opened at $234.93 on Thursday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The firm has a market cap of $3.55 trillion, a price-to-earnings ratio of 38.64, a PEG ratio of 2.28 and a beta of 1.24. 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 $228.71 and its 200-day simple moving average is $219.12.

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

Apple Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Piper Sandler restated a “neutral” rating and set a $225.00 price objective on shares of Apple in a report on Wednesday, October 9th. Morgan Stanley restated an “overweight” rating and set a $273.00 price objective on shares of Apple in a report on Monday. Jefferies Financial Group cut Apple from a “buy” rating to a “hold” rating and raised their price objective for the stock from $205.00 to $212.92 in a report on Monday, October 7th. Bank of America restated a “buy” rating and set a $256.00 price objective on shares of Apple in a report on Thursday, October 3rd. Finally, Maxim Group lifted their target price on Apple from $203.00 to $215.00 and gave the company a “hold” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $235.25.

Insider Activity at Apple

In related news, 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 value of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. The trade was a 6.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 408,170 shares of company stock valued at $92,007,745 over the last three months. 0.06% of the stock is owned by insiders.

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.