Apple Inc. (NASDAQ:AAPL) Shares Sold by DeDora Capital Inc.

DeDora Capital Inc. decreased its stake in Apple Inc. (NASDAQ:AAPL) by 0.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 60,945 shares of the iPhone maker’s stock after selling 126 shares during the period. Apple comprises approximately 4.0% of DeDora Capital Inc.’s portfolio, making the stock its 8th biggest holding. DeDora Capital Inc.’s holdings in Apple were worth $14,200,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AAPL. Calton & Associates Inc. increased its stake in Apple by 29.2% during the third quarter. Calton & Associates Inc. now owns 52,118 shares of the iPhone maker’s stock valued at $12,144,000 after acquiring an additional 11,794 shares during the period. Moneywise Inc. lifted its position in Apple by 15.7% in the third quarter. Moneywise Inc. now owns 2,889 shares of the iPhone maker’s stock worth $673,000 after purchasing an additional 392 shares during the period. Maple Capital Management Inc. boosted its position in shares of Apple by 0.3% during the 3rd quarter. Maple Capital Management Inc. now owns 505,854 shares of the iPhone maker’s stock valued at $117,864,000 after acquiring an additional 1,279 shares in the last quarter. Krane Funds Advisors LLC increased its stake in Apple by 56.8% in the third quarter. Krane Funds Advisors LLC now owns 8,732 shares of the iPhone maker’s stock valued at $2,035,000 after acquiring an additional 3,162 shares during the period. Finally, Tull Financial Group Inc. acquired a new position in Apple in the third quarter worth about $574,000. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Luca Maestri sold 59,305 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the sale, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. This trade represents a 35.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 408,170 shares of company stock valued at $92,007,745. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. KeyCorp downgraded Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price objective on the stock. in a report on Friday, October 25th. Piper Sandler reiterated a “neutral” rating and issued a $225.00 price target on shares of Apple in a research report on Wednesday, October 9th. Loop Capital dropped their price objective on Apple from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Bank of America boosted their target price on shares of Apple to $256.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Citigroup increased their target price on shares of Apple to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $236.78.

Apple Trading Up 1.0 %

Shares of NASDAQ:AAPL opened at $253.48 on Wednesday. The company’s 50-day moving average price is $233.64 and its two-hundred day moving average price is $224.73. Apple Inc. has a one year low of $164.07 and a one year high of $253.83. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The stock has a market capitalization of $3.83 trillion, a PE ratio of 41.69, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23.

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

Apple Announces Dividend

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

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.