WealthPlan Investment Management LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 32.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 356,886 shares of the iPhone maker's stock after buying an additional 87,839 shares during the quarter. Apple accounts for 8.4% of WealthPlan Investment Management LLC's investment portfolio, making the stock its biggest position. WealthPlan Investment Management LLC's holdings in Apple were worth $83,154,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Waverton Investment Management Ltd boosted its stake in Apple by 3.8% in the third quarter. Waverton Investment Management Ltd now owns 419,435 shares of the iPhone maker's stock worth $97,726,000 after buying an additional 15,413 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in shares of Apple by 2.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 660,153 shares of the iPhone maker's stock valued at $153,816,000 after purchasing an additional 16,091 shares in the last quarter. Vestia Personal Wealth Advisors grew its holdings in shares of Apple by 4.2% during the 3rd quarter. Vestia Personal Wealth Advisors now owns 8,591 shares of the iPhone maker's stock valued at $2,002,000 after purchasing an additional 347 shares during the last quarter. Investment Management Associates Inc. ADV purchased a new position in Apple in the 3rd quarter worth $298,000. Finally, Once Capital Management LLC lifted its stake in Apple by 211.8% in the third quarter. Once Capital Management LLC now owns 197,850 shares of the iPhone maker's stock worth $46,099,000 after purchasing an additional 134,400 shares during the last quarter. 67.73% of the stock is owned by institutional investors.
Insider Activity at Apple
In related news, insider Chris Kondo sold 4,130 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now directly owns 15,419 shares of the company's stock, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total value 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 trade represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.
Apple Stock Up 0.8 %
NASDAQ:AAPL traded up $1.72 during trading hours on Monday, reaching $229.98. 68,239,505 shares of the company traded hands, compared to its average volume of 41,481,172. 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 business's 50-day moving average price is $241.01 and its two-hundred day moving average price is $230.79. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The stock has a market capitalization of $3.48 trillion, a P/E ratio of 37.83, a P/E/G ratio of 2.32 and a beta of 1.20.
Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $1.46 EPS. Apple's quarterly revenue was up 6.1% compared to the same quarter last year. Analysts predict that Apple Inc. will post 7.43 earnings per share for the current year.
Apple Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend was Friday, November 8th. Apple's payout ratio is 16.45%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on AAPL shares. Rosenblatt Securities raised their price objective on Apple from $261.00 to $262.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Wells Fargo & Company lifted their price target on Apple to $275.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Moffett Nathanson reissued a "sell" rating and set a $188.00 price objective (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Evercore ISI restated a "buy" rating and issued a $250.00 target price on shares of Apple in a report on Thursday, September 26th. Finally, Oppenheimer reissued a "buy" rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, October 1st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Apple presently has a consensus rating of "Moderate Buy" and an average price target of $239.85.
Get Our Latest Analysis on Apple
Apple Profile
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Free Report)
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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