Apple Inc. (NASDAQ:AAPL) is EverSource Wealth Advisors LLC’s 4th Largest Position

EverSource Wealth Advisors LLC lessened its stake in Apple Inc. (NASDAQ:AAPL) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 203,947 shares of the iPhone maker’s stock after selling 2,413 shares during the quarter. Apple comprises about 3.0% of EverSource Wealth Advisors LLC’s holdings, making the stock its 4th largest holding. EverSource Wealth Advisors LLC’s holdings in Apple were worth $47,520,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bull Oak Capital LLC boosted its holdings in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares during the period. Hershey Financial Advisers LLC purchased a new position in shares of Apple during the 2nd quarter valued at approximately $42,000. Christopher J. Hasenberg Inc boosted 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 valued at $69,000 after buying an additional 144 shares during the last quarter. ARK Investment Management LLC purchased a new position in shares of Apple during the 3rd quarter valued at approximately $110,000. Finally, Cordant Inc. boosted its stake in shares of Apple by 34.3% during 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. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In related news, COO Jeffrey E. Williams sold 100,000 shares of the 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 approximately $97,474,301.68. This represents a 20.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction dated Monday, November 18th. The stock was 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. Company insiders own 0.06% of the company’s stock.

Apple Trading Up 0.5 %

NASDAQ:AAPL opened at $239.36 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10. The firm has a market capitalization of $3.60 trillion, a price-to-earnings ratio of 39.37, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. The stock has a fifty day simple moving average of $241.17 and a 200 day simple moving average of $230.75.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $94.93 billion during 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 revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the company posted $1.46 EPS. Sell-side analysts forecast that Apple Inc. will post 7.43 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. TD Cowen reiterated a “buy” rating on shares of Apple in a research note on Tuesday. Jefferies Financial Group cut Apple from a “hold” rating to an “underperform” rating and reduced their target price for the company from $211.84 to $200.75 in a research note on Tuesday, January 21st. Rosenblatt Securities reiterated a “buy” rating and set a $262.00 target price on shares of Apple in a research note on Monday. The Goldman Sachs Group reduced their target price on Apple from $286.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company upped their price target on Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $238.05.

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.