Barry Investment Advisors LLC Sells 1,651 Shares of Apple Inc. (NASDAQ:AAPL)

Barry Investment Advisors LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 4.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 33,581 shares of the iPhone maker’s stock after selling 1,651 shares during the quarter. Apple comprises 2.4% of Barry Investment Advisors LLC’s investment portfolio, making the stock its 13th largest position. Barry Investment Advisors LLC’s holdings in Apple were worth $7,824,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in AAPL. Bull Oak Capital LLC increased its position in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after acquiring an additional 111 shares during the last quarter. Hershey Financial Advisers LLC acquired a new position in shares of Apple during the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc raised its stake in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares in the last quarter. Cordant Inc. boosted its holdings in shares of Apple by 34.3% in the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock valued at $158,000 after buying an additional 173 shares during the last quarter. Finally, Sage Financial Group Inc. acquired a new position in Apple during the second quarter worth $206,000. Institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on AAPL. Piper Sandler reiterated a “neutral” rating and issued a $225.00 price target on shares of Apple in a research note on Wednesday, October 9th. Maxim Group lifted their price target on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Jefferies Financial Group cut Apple from a “buy” rating to a “hold” rating and raised their price objective for the company from $205.00 to $212.92 in a research report on Monday, October 7th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $265.00 target price on shares of Apple in a report on Tuesday, September 10th. Finally, Evercore ISI reaffirmed a “buy” rating and set a $250.00 price target on shares of Apple in a report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $237.47.

Apple Trading Down 1.3 %

Shares of Apple stock opened at $255.59 on Monday. The firm has a market capitalization of $3.86 trillion, a PE ratio of 42.04, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The firm’s 50 day moving average is $237.41 and its 200 day moving average is $227.89. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10.

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

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s payout ratio is 16.45%.

Insider Transactions at Apple

In related news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the transaction, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 508,170 shares of company stock worth $117,004,745. Insiders own 0.06% of the company’s stock.

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.