SC&H Financial Advisors Inc. Has $8.63 Million Position in Apple Inc. (NASDAQ:AAPL)

SC&H Financial Advisors Inc. decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 37,039 shares of the iPhone maker’s stock after selling 252 shares during the quarter. Apple makes up approximately 1.9% of SC&H Financial Advisors Inc.’s investment portfolio, making the stock its 14th biggest position. SC&H Financial Advisors Inc.’s holdings in Apple were worth $8,630,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Legacy Wealth Management Inc lifted its position in Apple by 224.4% during the 3rd quarter. Legacy Wealth Management Inc now owns 3,247 shares of the iPhone maker’s stock valued at $757,000 after purchasing an additional 2,246 shares during the period. Fortitude Family Office LLC raised its stake in shares of Apple by 5.6% during the third quarter. Fortitude Family Office LLC now owns 149,117 shares of the iPhone maker’s stock worth $34,744,000 after buying an additional 7,883 shares during the last quarter. Gibraltar Capital Management Inc. lifted its holdings in Apple by 3.1% in the third quarter. Gibraltar Capital Management Inc. now owns 67,005 shares of the iPhone maker’s stock valued at $15,612,000 after buying an additional 2,036 shares during the period. Signature Wealth Management Partners LLC boosted its stake in Apple by 0.3% in the third quarter. Signature Wealth Management Partners LLC now owns 53,028 shares of the iPhone maker’s stock valued at $12,356,000 after acquiring an additional 154 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. grew its holdings in Apple by 93.4% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 229,378 shares of the iPhone maker’s stock worth $53,445,000 after acquiring an additional 110,776 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Apple Trading Down 1.3 %

Apple stock opened at $255.59 on Monday. 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 has a 50-day simple moving average of $237.41 and a 200 day simple moving average of $227.89. The stock has a market capitalization of $3.86 trillion, a P/E ratio of 42.04, a PEG ratio of 2.41 and a beta of 1.23. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share 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 firm earned $1.46 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. Analysts expect that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

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

Insider Transactions at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction dated Monday, December 16th. The shares were 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 $97,474,301.68. This represents a 20.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 508,170 shares of company stock worth $117,004,745. 0.06% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AAPL shares. Monness Crespi & Hardt restated a “buy” rating and issued a $245.00 price target on shares of Apple in a research report on Monday, September 9th. Bank of America increased their price target on shares of Apple to $256.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Moffett Nathanson cut their target price on shares of Apple from $211.00 to $202.00 and set a “neutral” rating on the stock in a report on Tuesday, November 19th. KeyCorp cut shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price target on the stock. in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $265.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $237.47.

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.