Apple Inc. (NASDAQ:AAPL) is Heritage Wealth Partners LLC’s 7th Largest Position

Heritage Wealth Partners LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,831 shares of the iPhone maker’s stock after selling 482 shares during the quarter. Apple makes up approximately 4.1% of Heritage Wealth Partners LLC’s holdings, making the stock its 7th largest holding. Heritage Wealth Partners LLC’s holdings in Apple were worth $3,456,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. China Universal Asset Management Co. Ltd. grew its holdings in Apple by 127.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock valued at $12,943,000 after buying an additional 42,282 shares during the period. Lutz Financial Services LLC grew its holdings in shares of Apple by 2.0% during the 1st quarter. Lutz Financial Services LLC now owns 5,902 shares of the iPhone maker’s stock worth $1,012,000 after purchasing an additional 113 shares during the period. BCU Wealth Advisors LLC grew its holdings in shares of Apple by 9.7% during the 1st quarter. BCU Wealth Advisors LLC now owns 3,627 shares of the iPhone maker’s stock worth $622,000 after purchasing an additional 322 shares during the period. Etfidea LLC grew its holdings in shares of Apple by 0.5% during the 1st quarter. Etfidea LLC now owns 15,853 shares of the iPhone maker’s stock worth $2,718,000 after purchasing an additional 78 shares during the period. Finally, Westchester Capital Management Inc. grew its holdings in shares of Apple by 0.4% during the 1st quarter. Westchester Capital Management Inc. now owns 175,926 shares of the iPhone maker’s stock worth $30,168,000 after purchasing an additional 720 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Price Performance

Shares of AAPL opened at $234.93 on Thursday. The company has a market cap of $3.55 trillion, a P/E ratio of 38.64, a PEG ratio of 2.28 and a beta of 1.24. The stock has a fifty day moving average price of $228.71 and a 200 day moving average price of $219.12. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49.

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

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders 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 annualized dividend and a dividend yield of 0.43%. Apple’s payout ratio is 16.45%.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of research reports. Moffett Nathanson decreased their target price on Apple from $211.00 to $202.00 and set a “neutral” rating for the company in a report on Tuesday, November 19th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $265.00 price target on shares of Apple in a research report on Tuesday, September 10th. The Goldman Sachs Group boosted their price target on Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. UBS Group boosted their price target on Apple to $236.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th. Finally, Citigroup boosted their price target on Apple to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $235.25.

Insider Transactions at Apple

In other news, COO Jeffrey E. Williams sold 59,730 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total value of $13,550,347.80. Following the completion of the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at approximately $111,148,695.84. This represents a 10.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction on Monday, November 18th. The shares were 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 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 408,170 shares of company stock valued at $92,007,745. 0.06% of the stock is currently owned by corporate insiders.

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.