Apple Inc. (NASDAQ:AAPL) is O ROURKE & COMPANY Inc’s Largest Position

O ROURKE & COMPANY Inc cut its holdings in Apple Inc. (NASDAQ:AAPL) by 0.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,188 shares of the iPhone maker’s stock after selling 238 shares during the quarter. Apple accounts for 10.5% of O ROURKE & COMPANY Inc’s portfolio, making the stock its biggest holding. O ROURKE & COMPANY Inc’s holdings in Apple were worth $21,014,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Bull Oak Capital LLC boosted its position in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares in the last quarter. Hershey Financial Advisers LLC acquired a new position in shares of Apple during the 2nd quarter worth $42,000. Christopher J. Hasenberg Inc boosted its position in shares of Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after buying an additional 144 shares in the last quarter. Cordant Inc. grew its stake in 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 acquiring an additional 173 shares during the last quarter. Finally, Sage Financial Group Inc. acquired a new position in Apple during the second quarter worth about $206,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % 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 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 transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 163,435 shares of company stock valued at $39,376,002. Insiders own 0.06% of the company’s stock.

Apple Trading Down 0.7 %

Shares of AAPL opened at $250.42 on Thursday. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The stock has a 50-day moving average price of $238.41 and a 200 day moving average price of $228.58. 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 company has a market capitalization of $3.79 trillion, a P/E ratio of 41.19, a P/E/G ratio of 2.41 and a beta of 1.23.

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, beating analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. Apple’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.46 EPS. Sell-side analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio is currently 16.45%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Moffett Nathanson lowered their price target on shares of Apple from $211.00 to $202.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 19th. Needham & Company LLC reissued a “buy” rating and issued a $260.00 price target on shares of Apple in a report on Tuesday, December 10th. UBS Group reaffirmed a “neutral” rating and set a $236.00 price objective on shares of Apple in a research note on Monday, December 2nd. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $265.00 target price on shares of Apple in a research note on Tuesday, September 10th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $225.00 price target on shares of Apple in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.