Apple Inc. (NASDAQ:AAPL) Shares Bought by Consilio Wealth Advisors LLC

Consilio Wealth Advisors LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 24.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,146 shares of the iPhone maker's stock after buying an additional 3,324 shares during the quarter. Apple comprises 1.6% of Consilio Wealth Advisors LLC's investment portfolio, making the stock its 12th biggest holding. Consilio Wealth Advisors LLC's holdings in Apple were worth $3,995,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Granite Investment Partners LLC lifted its holdings in shares of Apple by 2.7% during the second quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker's stock worth $60,958,000 after purchasing an additional 7,606 shares during the period. Truist Financial Corp raised its position in Apple by 1.8% during the 2nd quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker's stock worth $1,473,224,000 after buying an additional 126,210 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in shares of Apple by 5.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 1,928,110 shares of the iPhone maker's stock worth $406,099,000 after acquiring an additional 95,235 shares during the period. Bellwether Advisors LLC boosted its holdings in shares of Apple by 387.3% in the second quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker's stock valued at $5,128,000 after acquiring an additional 19,352 shares in the last quarter. Finally, Gentry Private Wealth LLC acquired a new position in shares of Apple during the second quarter worth about $876,000. Institutional investors and hedge funds own 60.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. TD Cowen raised their price objective on shares of Apple from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, July 29th. UBS Group lifted their price target on Apple to $236.00 and gave the company a "hold" rating in a research note on Tuesday, November 12th. Maxim Group upped their price objective on Apple from $203.00 to $215.00 and gave the stock a "hold" rating in a report on Friday, November 1st. Tigress Financial raised their target price on Apple from $245.00 to $295.00 and gave the company a "strong-buy" rating in a report on Wednesday, August 28th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $273.00 price target on shares of Apple in a research note on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $235.25.

Apple Trading Up 0.6 %

Shares of AAPL traded up $1.35 on Friday, hitting $229.87. 38,168,252 shares of the stock traded hands, compared to its average volume of 43,855,068. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The stock's 50 day moving average is $227.73 and its two-hundred day moving average is $218.06. The firm has a market capitalization of $3.47 trillion, a P/E ratio of 37.81, a P/E/G ratio of 2.24 and a beta of 1.24. 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 (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.04. The company had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business'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 company posted $1.46 EPS. As a group, sell-side analysts predict that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Friday, November 8th. Apple's payout ratio is 16.45%.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 61,019 shares of the business's stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the sale, the senior vice president now directly owns 187,043 shares of the company's stock, valued at $42,309,126.60. The trade was a 24.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at $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 408,170 shares of company stock worth $92,007,745 in the last 90 days. 0.06% of the stock is owned by company insiders.

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.