Apple Inc. (NASDAQ:AAPL) Holdings Boosted by Arbor Investment Advisors LLC

Arbor Investment Advisors LLC increased its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 135.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,011 shares of the iPhone maker's stock after buying an additional 34,508 shares during the quarter. Apple comprises about 1.9% of Arbor Investment Advisors LLC's investment portfolio, making the stock its 13th biggest position. Arbor Investment Advisors LLC's holdings in Apple were worth $13,982,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in Apple by 20,372.7% during 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 buying an additional 93,886,664 shares during the period. Strategic Financial Concepts LLC increased its holdings in Apple by 14,145.8% in 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 purchasing an additional 7,558,826 shares in the last quarter. Pathway Financial Advisers LLC lifted its stake in shares of Apple by 22,870.6% during the third quarter. Pathway Financial Advisers LLC now owns 5,590,588 shares of the iPhone maker's stock worth $1,302,607,000 after purchasing an additional 5,566,250 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Apple in the second quarter valued at about $834,368,000. Finally, Ameriprise Financial Inc. lifted its position in 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. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Stock Performance

NASDAQ:AAPL traded down $3.43 during mid-day trading on Friday, hitting $255.59. The stock had a trading volume of 42,297,621 shares, compared to its average volume of 57,290,680. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10. 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 stock has a market capitalization of $3.86 trillion, a price-to-earnings ratio of 42.04, a P/E/G ratio of 2.41 and a beta of 1.23. The company has a 50 day simple moving average of $237.41 and a 200-day simple moving average of $227.89.

Apple (NASDAQ:AAPL - Get Free Report) last released 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. The company had revenue of $94.93 billion during the quarter, compared to analysts' expectations of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.46 earnings per share. On average, research analysts expect that Apple Inc. will post 7.43 earnings per share for the current fiscal 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 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 is currently 16.45%.

Insider Buying and Selling

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, the insider now owns 15,419 shares of the company's stock, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 508,170 shares of company stock valued at $117,004,745 over the last three months. Company insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AAPL shares. Wedbush lifted 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. Oppenheimer restated a "buy" rating and set a $250.00 target price on shares of Apple in a research note on Tuesday, October 1st. Citigroup boosted their price target on Apple to $185.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Monness Crespi & Hardt restated a "buy" rating and set a $245.00 price objective on shares of Apple in a research note on Monday, September 9th. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $225.00 target price on shares of Apple in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $237.47.

Apple 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.