Apple Inc. (NASDAQ:AAPL) Shares Purchased by Concord Wealth Partners

Concord Wealth Partners increased its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,496 shares of the iPhone maker's stock after buying an additional 2,547 shares during the period. Apple comprises approximately 3.1% of Concord Wealth Partners' investment portfolio, making the stock its 7th largest holding. Concord Wealth Partners' holdings in Apple were worth $18,290,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. High Net Worth Advisory Group LLC raised its holdings in shares of Apple by 1.7% during the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker's stock valued at $14,916,000 after acquiring an additional 1,066 shares during the last quarter. Granite Investment Partners LLC raised its stake in Apple by 2.7% in the 2nd quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker's stock valued at $60,958,000 after purchasing an additional 7,606 shares during the last quarter. Truist Financial Corp lifted its holdings in Apple by 1.8% in the 2nd quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker's stock valued at $1,473,224,000 after purchasing an additional 126,210 shares in the last quarter. Sterling Investment Counsel LLC boosted its stake in Apple by 3.8% during the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker's stock worth $16,269,000 after purchasing an additional 2,565 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its holdings in shares of Apple by 5.2% during the second quarter. EP Wealth Advisors LLC now owns 1,928,110 shares of the iPhone maker's stock worth $406,099,000 after buying an additional 95,235 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insiders Place Their Bets

In other news, COO Jeffrey E. Williams sold 100,000 shares of the firm's stock in a transaction dated 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 sale, the chief operating officer now owns 389,944 shares of the company's stock, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 3,280,180 shares of the company's stock, valued at approximately $736,269,202.80. The trade was a 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 508,170 shares of company stock worth $117,004,745 in the last 90 days. Corporate insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AAPL. Piper Sandler reissued a "neutral" rating and issued a $225.00 price target on shares of Apple in a research note on Wednesday, October 9th. KeyCorp lowered shares of Apple from a "sector weight" rating to an "underweight" rating and set a $200.00 target price on the stock. in a research note on Friday, October 25th. JPMorgan Chase & Co. restated an "overweight" rating and issued a $265.00 price target on shares of Apple in a research report on Tuesday, September 10th. Citigroup increased their price target on Apple to $185.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Finally, Loop Capital lowered their price objective on Apple from $300.00 to $275.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $237.47.

Apple Stock Down 1.3 %

AAPL stock traded down $3.43 during midday trading on Friday, hitting $255.59. The company's stock had a trading volume of 42,297,621 shares, compared to its average volume of 57,290,680. The firm has a 50-day simple moving average of $237.41 and a 200-day simple moving average of $227.89. The firm has a market capitalization of $3.86 trillion, a P/E ratio of 42.04, a PEG ratio of 2.41 and a beta of 1.23. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. During the same period last year, the business posted $1.46 earnings per share. Apple's revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.39%. Apple's payout ratio is 16.45%.

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.