Apple Inc. (NASDAQ:AAPL) Stock Holdings Trimmed by Adams Asset Advisors LLC

Adams Asset Advisors LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.9% during the third quarter, HoldingsChannel.com reports. The firm owned 112,938 shares of the iPhone maker’s stock after selling 3,317 shares during the period. Apple comprises approximately 3.2% of Adams Asset Advisors LLC’s holdings, making the stock its 3rd biggest holding. Adams Asset Advisors LLC’s holdings in Apple were worth $15,980,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC raised its stake in Apple by 24.8% during the second quarter. Opal Wealth Advisors LLC now owns 26,021 shares of the iPhone maker’s stock worth $3,564,000 after purchasing an additional 5,177 shares during the period. Worldquant Millennium Advisors LLC raised its stake in shares of Apple by 2.2% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,486,454 shares of the iPhone maker’s stock valued at $203,585,000 after acquiring an additional 32,063 shares during the period. SPC Financial Inc. raised its stake in shares of Apple by 135.1% in the 2nd quarter. SPC Financial Inc. now owns 37,990 shares of the iPhone maker’s stock valued at $5,203,000 after acquiring an additional 21,830 shares during the period. United Fire Group Inc. purchased a new position in shares of Apple in the 2nd quarter valued at $4,931,000. Finally, Fernwood Investment Management LLC raised its stake in shares of Apple by 1.9% in the 2nd quarter. Fernwood Investment Management LLC now owns 65,432 shares of the iPhone maker’s stock valued at $8,962,000 after acquiring an additional 1,201 shares during the period. 56.40% of the stock is currently owned by institutional investors.

In other Apple news, insider Chris Kondo sold 9,005 shares of the business’s stock in a transaction dated Friday, November 12th. The shares were sold at an average price of $150.00, for a total transaction of $1,350,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 165,829 shares of the business’s stock in a transaction dated Monday, October 4th. The shares were sold at an average price of $138.83, for a total transaction of $23,022,040.07. The disclosure for this sale can be found here. Insiders sold a total of 473,347 shares of company stock valued at $67,822,283 over the last ninety days. Company insiders own 0.06% of the company’s stock.

AAPL has been the topic of a number of research reports. Barclays raised their target price on shares of Apple from $142.00 to $145.00 and gave the company an “equal weight” rating in a research note on Friday, October 29th. Wolfe Research raised shares of Apple from an “underperform” rating to a “market perform” rating and raised their target price for the company from $135.00 to $155.00 in a research note on Wednesday, September 1st. Monness Crespi & Hardt raised their target price on shares of Apple from $180.00 to $184.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. Jefferies Financial Group initiated coverage on shares of Apple in a research note on Monday, September 13th. They set a “buy” rating and a $175.00 price target on the stock. Finally, Credit Suisse Group initiated coverage on shares of Apple in a research note on Friday, October 29th. They set a “neutral” rating and a $150.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Apple has a consensus rating of “Buy” and a consensus target price of $165.56.

NASDAQ AAPL opened at $161.94 on Thursday. Apple Inc. has a one year low of $115.17 and a one year high of $165.70. The company has a 50-day simple moving average of $148.13 and a 200-day simple moving average of $142.67. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.02 and a current ratio of 1.07. The firm has a market capitalization of $2.66 trillion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 2.23 and a beta of 1.21.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Wednesday, October 27th. The iPhone maker reported $1.24 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.24. Apple had a net margin of 25.88% and a return on equity of 144.13%. The business had revenue of $83.40 billion during the quarter, compared to analyst estimates of $84.94 billion. During the same period in the previous year, the business posted $0.73 EPS. The company’s quarterly revenue was up 28.9% on a year-over-year basis. Equities analysts forecast that Apple Inc. will post 5.77 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 11th. Stockholders of record on Monday, November 8th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Friday, November 5th. Apple’s dividend payout ratio (DPR) is presently 15.66%.

Apple Profile

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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