Apple Inc. (NASDAQ:AAPL) Shares Acquired by Silver Oak Advisory Group Inc.

Silver Oak Advisory Group Inc. lifted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 72.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,971 shares of the iPhone maker's stock after buying an additional 4,205 shares during the period. Apple makes up about 1.2% of Silver Oak Advisory Group Inc.'s investment portfolio, making the stock its 15th biggest position. Silver Oak Advisory Group Inc.'s holdings in Apple were worth $2,323,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Rooted Wealth Advisors Inc. raised its holdings in Apple by 14.9% in the 2nd quarter. Rooted Wealth Advisors Inc. now owns 13,702 shares of the iPhone maker's stock worth $3,072,000 after purchasing an additional 1,776 shares during the period. New Millennium Group LLC raised its stake in shares of Apple by 35.6% in the second quarter. New Millennium Group LLC now owns 51,995 shares of the iPhone maker's stock worth $10,951,000 after buying an additional 13,638 shares during the period. Catalyst Capital Advisors LLC lifted its position in shares of Apple by 2.6% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 21,069 shares of the iPhone maker's stock valued at $4,438,000 after buying an additional 524 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of Apple by 3.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 106,350 shares of the iPhone maker's stock valued at $22,400,000 after acquiring an additional 3,386 shares during the period. Finally, IMA Advisory Services Inc. grew its stake in shares of Apple by 2.3% during the 2nd quarter. IMA Advisory Services Inc. now owns 39,261 shares of the iPhone maker's stock valued at $8,269,000 after acquiring an additional 900 shares during the period. Institutional investors own 67.73% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on AAPL shares. Jefferies Financial Group downgraded shares of Apple from a "hold" rating to an "underperform" rating and lowered their price target for the company from $211.84 to $200.75 in a report on Thursday. Monness Crespi & Hardt upped their target price on shares of Apple to $245.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Oppenheimer lowered Apple from an "outperform" rating to a "market perform" rating in a research note on Wednesday. Loop Capital downgraded Apple from a "buy" rating to a "hold" rating and set a $230.00 price objective on the stock. in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group cut their target price on Apple from $286.00 to $280.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $238.05.

Insider Activity at Apple

In related 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 value 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 $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the 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 transaction, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was 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 owned by company insiders.

Apple Trading Down 0.7 %

Shares of AAPL traded down $1.74 during trading hours on Thursday, reaching $237.62. 32,786,231 shares of the company traded hands, compared to its average volume of 56,478,961. The stock's fifty day moving average price is $241.37 and its 200 day moving average price is $230.81. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The firm has a market cap of $3.57 trillion, a price-to-earnings ratio of 39.08, a PEG ratio of 2.19 and a beta of 1.20. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last issued 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. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same period in the prior year, the firm earned $1.46 EPS. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. Sell-side analysts forecast that Apple Inc. will post 7.43 earnings per share for the current year.

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.