Angeles Investment Advisors LLC Has $5.43 Million Stake in Apple Inc. (NASDAQ:AAPL)

Angeles Investment Advisors LLC increased its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 5.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 23,320 shares of the iPhone maker's stock after purchasing an additional 1,309 shares during the period. Apple accounts for about 0.3% of Angeles Investment Advisors LLC's holdings, making the stock its 24th biggest holding. Angeles Investment Advisors LLC's holdings in Apple were worth $5,434,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AAPL. Bull Oak Capital LLC grew its holdings in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after buying an additional 111 shares during the last quarter. Hershey Financial Advisers LLC purchased a new position in shares of Apple in the 2nd quarter valued at approximately $42,000. Christopher J. Hasenberg Inc increased its holdings in shares of Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock valued at $69,000 after purchasing an additional 144 shares during the period. ARK Investment Management LLC purchased a new stake in shares of Apple during the third quarter worth approximately $110,000. Finally, Cordant Inc. lifted its holdings in shares of Apple by 34.3% during the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker's stock worth $158,000 after purchasing an additional 173 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on AAPL shares. Wedbush boosted their price objective on shares of Apple from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Thursday, December 26th. Wells Fargo & Company increased their price target on shares of Apple to $275.00 and gave the stock a "buy" rating in a report on Monday, December 9th. StockNews.com downgraded shares of Apple from a "buy" rating to a "hold" rating in a research report on Friday, November 1st. Morgan Stanley reiterated an "overweight" rating and set a $273.00 target price on shares of Apple in a research report on Friday, December 13th. Finally, New Street Research reissued a "neutral" rating and issued a $225.00 price target on shares of Apple in a report on Wednesday, September 25th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Apple has a consensus rating of "Moderate Buy" and an average target price of $238.02.

Apple Price Performance

Shares of Apple stock traded down $7.34 on Tuesday, hitting $222.64. The company had a trading volume of 97,741,716 shares, compared to its average volume of 54,004,285. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10. The company has a market cap of $3.35 trillion, a PE ratio of 36.62, a PEG ratio of 2.25 and a beta of 1.20. The business has a 50-day simple moving average of $241.12 and a 200-day simple moving average of $230.85. 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 (NASDAQ:AAPL - Get Free Report) last released its earnings results 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 business had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.46 EPS. Research analysts expect that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Friday, November 8th. Apple's payout ratio is 16.45%.

Insider Activity

In other Apple news, insider Chris Kondo sold 4,130 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

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.