Curated Wealth Partners LLC Has $12.35 Million Stake in Apple Inc. (NASDAQ:AAPL)

Curated Wealth Partners LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 5.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,013 shares of the iPhone maker's stock after buying an additional 2,913 shares during the period. Apple accounts for approximately 1.6% of Curated Wealth Partners LLC's holdings, making the stock its 6th biggest position. Curated Wealth Partners LLC's holdings in Apple were worth $12,352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Swedbank AB acquired a new position in Apple during the 1st quarter worth $3,026,492,000. Strategic Financial Concepts LLC lifted its holdings in Apple by 14,145.8% in the second quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker's stock worth $1,603,000 after purchasing an additional 7,558,826 shares during the period. Canada Pension Plan Investment Board grew its position in Apple by 158.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker's stock valued at $1,977,582,000 after buying an additional 7,067,379 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Apple by 161.2% during the first quarter. Lazard Asset Management LLC now owns 8,759,445 shares of the iPhone maker's stock valued at $1,502,068,000 after acquiring an additional 5,405,542 shares during the period. Finally, William Blair Investment Management LLC bought a new stake in Apple during the second quarter worth approximately $834,368,000. Institutional investors and hedge funds own 60.41% of the company's stock.

Insider Activity

In other Apple news, CFO Luca Maestri sold 59,305 shares of the firm's stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the completion of the transaction, the chief financial officer now owns 107,788 shares in the company, valued at $24,416,137.76. This trade represents a 35.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy D. Cook sold 223,986 shares of the company'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 value of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 408,170 shares of company stock worth $92,007,745. Company insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AAPL. Tigress Financial lifted their price target on Apple from $245.00 to $295.00 and gave the company a "strong-buy" rating in a research report on Wednesday, August 28th. Oppenheimer reissued a "buy" rating and issued a $250.00 price target on shares of Apple in a report on Tuesday, October 1st. New Street Research restated a "neutral" rating and set a $225.00 price objective on shares of Apple in a research report on Wednesday, September 25th. Robert W. Baird boosted their target price on shares of Apple from $200.00 to $240.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. Finally, KeyCorp cut shares of Apple from a "sector weight" rating to an "underweight" rating and set a $200.00 target price for the company. in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and a consensus target price of $235.25.

Apple Stock Performance

Apple stock traded up $1.33 during mid-day trading on Friday, reaching $229.85. The company had a trading volume of 4,135,982 shares, compared to its average volume of 58,095,512. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The firm has a market cap of $3.47 trillion, a price-to-earnings ratio of 37.57, a PEG ratio of 2.24 and a beta of 1.24. The company has a 50 day moving average of $227.59 and a 200-day moving average of $217.47. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $94.52 billion. During the same quarter last year, the company earned $1.46 earnings per share. The firm's revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts expect that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Friday, November 8th. Apple's payout ratio is presently 16.45%.

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.