Quotient Wealth Partners LLC Sells 690 Shares of Apple Inc. (NASDAQ:AAPL)

Quotient Wealth Partners LLC cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,147 shares of the iPhone maker’s stock after selling 690 shares during the quarter. Apple makes up approximately 0.6% of Quotient Wealth Partners LLC’s holdings, making the stock its 25th biggest position. Quotient Wealth Partners LLC’s holdings in Apple were worth $17,043,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AAPL. SS&H Financial Advisors Inc. boosted its stake in Apple by 1.2% in the 3rd quarter. SS&H Financial Advisors Inc. now owns 80,886 shares of the iPhone maker’s stock worth $18,846,000 after purchasing an additional 976 shares during the period. Steigerwald Gordon & Koch Inc. boosted its stake in Apple by 0.6% in the 3rd quarter. Steigerwald Gordon & Koch Inc. now owns 205,599 shares of the iPhone maker’s stock worth $47,905,000 after purchasing an additional 1,132 shares during the period. Matrix Trust Co boosted its stake in Apple by 1.1% in the 3rd quarter. Matrix Trust Co now owns 12,184 shares of the iPhone maker’s stock worth $2,839,000 after purchasing an additional 138 shares during the period. Planned Solutions Inc. boosted its stake in Apple by 20.8% in the 3rd quarter. Planned Solutions Inc. now owns 20,142 shares of the iPhone maker’s stock worth $4,693,000 after purchasing an additional 3,472 shares during the period. Finally, Cadinha & Co. LLC boosted its stake in Apple by 0.5% in the 3rd quarter. Cadinha & Co. LLC now owns 22,725 shares of the iPhone maker’s stock worth $5,295,000 after purchasing an additional 117 shares during the period. 60.41% of the stock is currently owned by institutional investors.

Insider Activity at Apple

In related news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. The trade was a 6.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction dated 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 $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 408,170 shares of company stock worth $92,007,745 over the last three months. 0.06% of the stock is owned by corporate insiders.

Apple Stock Down 0.1 %

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

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. The business 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 business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $1.46 earnings per share. Analysts anticipate that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. Apple’s payout ratio is currently 16.45%.

Analyst Ratings Changes

Several research analysts have weighed in on AAPL shares. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Barclays dropped their price target on Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, November 1st. Maxim Group upped their price target on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Rosenblatt Securities increased their target price on Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Citigroup increased their target price on Apple to $185.00 and gave the company 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $235.25.

Apple 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.