Apple Inc. (NASDAQ:AAPL) Holdings Decreased by Evanson Asset Management LLC

Evanson Asset Management LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 20.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,078 shares of the iPhone maker’s stock after selling 25,687 shares during the period. Apple comprises 4.5% of Evanson Asset Management LLC’s investment portfolio, making the stock its 4th largest position. Evanson Asset Management LLC’s holdings in Apple were worth $21,967,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Elwood & Goetz Wealth Advisory Group LLC increased its stake in Apple by 3.1% in the 3rd quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,628 shares of the iPhone maker’s stock worth $365,000 after purchasing an additional 49 shares during the period. VeraBank N.A. increased its stake in Apple by 0.4% in the 3rd quarter. VeraBank N.A. now owns 15,185 shares of the iPhone maker’s stock worth $3,401,000 after purchasing an additional 59 shares during the period. First National Bank Sioux Falls increased its stake in Apple by 1.8% in the 3rd quarter. First National Bank Sioux Falls now owns 3,402 shares of the iPhone maker’s stock worth $762,000 after purchasing an additional 59 shares during the period. Larson Financial Group LLC increased its stake in Apple by 2.8% in the 3rd quarter. Larson Financial Group LLC now owns 11,001 shares of the iPhone maker’s stock worth $2,464,000 after purchasing an additional 299 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in Apple by 1.9% in the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 23,803 shares of the iPhone maker’s stock worth $5,331,000 after purchasing an additional 439 shares during the period. 58.63% of the stock is currently owned by institutional investors.

NASDAQ AAPL opened at $236.21 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.50 and a debt-to-equity ratio of 0.88. Apple Inc. has a twelve month low of $142.00 and a twelve month high of $237.64. The firm has a market capitalization of $1,025.99 billion, a PE ratio of 19.35, a P/E/G ratio of 2.00 and a beta of 1.24. The stock’s 50 day moving average is $216.75 and its 200 day moving average is $202.65.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.10 by $0.08. Apple had a return on equity of 52.13% and a net margin of 21.50%. The company had revenue of $53.81 billion for the quarter, compared to analyst estimates of $53.39 billion. During the same period in the previous year, the company posted $2.34 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. On average, research analysts anticipate that Apple Inc. will post 11.68 earnings per share for the current year.

In related news, CEO Timothy D. Cook sold 265,160 shares of Apple stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $206.17, for a total transaction of $54,668,037.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Chris Kondo sold 4,376 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $217.47, for a total value of $951,648.72. The disclosure for this sale can be found here. Insiders have sold 433,749 shares of company stock worth $91,773,322 over the last 90 days. 0.05% of the stock is currently owned by corporate insiders.

A number of equities analysts have commented on the company. DA Davidson lifted their price target on Apple to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Nomura lifted their price target on Apple from $185.00 to $205.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Daiwa Capital Markets set a $223.00 price target on Apple and gave the stock a “buy” rating in a research note on Wednesday, August 7th. DZ Bank reaffirmed a “neutral” rating on shares of Apple in a research note on Wednesday, September 11th. Finally, Citigroup lifted their price target on Apple from $205.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $223.22.

Apple Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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