Global Assets Advisory LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 12.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,613 shares of the iPhone maker's stock after purchasing an additional 6,821 shares during the quarter. Apple makes up approximately 7.4% of Global Assets Advisory LLC's holdings, making the stock its biggest position. Global Assets Advisory LLC's holdings in Apple were worth $14,390,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its holdings in shares of Apple by 20,372.7% in the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker's stock worth $219,829,700,000 after purchasing an additional 93,886,664 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings in Apple by 14,145.8% during the 2nd quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker's stock valued at $1,603,000 after buying an additional 7,558,826 shares in the last quarter. William Blair Investment Management LLC bought a new stake in Apple in the 2nd quarter worth approximately $834,368,000. Ameriprise Financial Inc. raised its holdings in shares of Apple by 6.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 51,765,589 shares of the iPhone maker's stock worth $10,909,457,000 after acquiring an additional 3,245,281 shares in the last quarter. Finally, Tairen Capital Ltd bought a new position in shares of Apple during the 2nd quarter valued at approximately $588,952,000. 67.73% of the stock is owned by hedge funds and other institutional investors.
Apple Stock Up 1.9 %
NASDAQ:AAPL traded up $4.70 during trading hours on Friday, reaching $254.49. The company's stock had a trading volume of 145,580,875 shares, compared to its average volume of 57,671,145. The stock has a 50 day moving average price of $234.97 and a two-hundred day moving average price of $225.70. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The company has a market capitalization of $3.85 trillion, a P/E ratio of 41.86, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $255.00.
Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.60 by $0.04. The company had revenue of $94.93 billion for 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 firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.46 earnings per share. Equities analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.
Apple Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.39%. Apple's dividend payout ratio (DPR) is 16.45%.
Insiders Place Their Bets
In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the business's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey E. Williams sold 100,000 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 508,170 shares of company stock valued at $117,004,745. 0.06% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on AAPL shares. Maxim Group boosted their price target on shares of Apple from $203.00 to $215.00 and gave the stock a "hold" rating in a research report on Friday, November 1st. Jefferies Financial Group cut shares of Apple from a "buy" rating to a "hold" rating and upped their target price for the company from $205.00 to $212.92 in a research report on Monday, October 7th. Melius Research reiterated a "buy" rating and issued a $265.00 price target on shares of Apple in a research report on Tuesday, August 27th. Loop Capital decreased their price objective on Apple from $300.00 to $275.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Finally, Barclays dropped their target price on Apple from $186.00 to $184.00 and set an "underweight" rating for the company in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Apple presently has a consensus rating of "Moderate Buy" and an average target price of $236.78.
Check Out Our Latest Analysis on Apple
About Apple
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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.
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