Apple Inc. (NASDAQ:AAPL) Shares Acquired by Curi RMB Capital LLC

Curi RMB Capital LLC raised its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 7.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 334,583 shares of the iPhone maker's stock after buying an additional 22,880 shares during the period. Apple comprises about 1.8% of Curi RMB Capital LLC's holdings, making the stock its 7th largest position. Curi RMB Capital LLC's holdings in Apple were worth $77,958,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Bull Oak Capital LLC increased its position in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after purchasing an additional 111 shares in the last quarter. Hershey Financial Advisers LLC acquired a new position in Apple during the second quarter worth approximately $42,000. Christopher J. Hasenberg Inc lifted its stake in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock valued at $69,000 after buying an additional 144 shares during the last quarter. ARK Investment Management LLC acquired a new stake in shares of Apple in the third quarter valued at approximately $110,000. Finally, Cordant Inc. grew its position in shares of Apple by 34.3% during the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker's stock worth $158,000 after acquiring an additional 173 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions 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 value of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares of the company's stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the firm'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 owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AAPL. Loop Capital downgraded shares of Apple from a "buy" rating to a "hold" rating and set a $230.00 price target for the company. in a research report on Tuesday. Citigroup increased their target price on shares of Apple to $185.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. UBS Group restated a "neutral" rating and issued a $236.00 price target on shares of Apple in a research report on Monday, December 2nd. Bank of America reaffirmed a "buy" rating and set a $256.00 price objective on shares of Apple in a research note on Friday, January 3rd. Finally, Piper Sandler reiterated a "neutral" rating and issued a $225.00 target price on shares of Apple in a research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Apple has an average rating of "Moderate Buy" and a consensus price target of $238.02.

Apple Stock Down 3.2 %

Shares of NASDAQ:AAPL opened at $222.64 on Wednesday. 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 company has a market capitalization of $3.35 trillion, a P/E ratio of 36.62, a P/E/G ratio of 2.25 and a beta of 1.20. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $260.10. The stock's fifty day simple moving average is $241.12 and its 200-day simple moving average is $230.85.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly 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. The business had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.46 earnings per share. As a group, equities research analysts forecast that Apple Inc. will post 7.43 earnings per share for the current fiscal 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Friday, November 8th. Apple's dividend payout ratio is presently 16.45%.

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.