51,943 Shares in Apple Inc. (NASDAQ:AAPL) Bought by Darwin Wealth Management LLC

Darwin Wealth Management LLC acquired a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 51,943 shares of the iPhone maker's stock, valued at approximately $12,103,000. Apple makes up about 3.3% of Darwin Wealth Management LLC's portfolio, making the stock its 4th largest position.

Other hedge funds also recently made changes to their positions in the company. 1620 Investment Advisors Inc. boosted its position in Apple by 0.5% during the third quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker's stock valued at $2,249,000 after purchasing an additional 45 shares during the last quarter. Carolina Wealth Advisors LLC raised its stake in shares of Apple by 1.3% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker's stock worth $813,000 after purchasing an additional 46 shares in the last quarter. Verus Financial Partners Inc. lifted its holdings in shares of Apple by 0.3% during the 2nd quarter. Verus Financial Partners Inc. now owns 16,929 shares of the iPhone maker's stock valued at $3,566,000 after buying an additional 48 shares during the last quarter. Lowery Thomas LLC grew its stake in shares of Apple by 0.7% in the 2nd quarter. Lowery Thomas LLC now owns 7,607 shares of the iPhone maker's stock valued at $1,602,000 after buying an additional 50 shares in the last quarter. Finally, Latitude Advisors LLC grew its stake in shares of Apple by 0.3% in the 3rd quarter. Latitude Advisors LLC now owns 17,236 shares of the iPhone maker's stock valued at $4,016,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on AAPL shares. Raymond James lifted their target price on shares of Apple to $250.00 and gave the company a "buy" rating in a research note on Monday, January 20th. Piper Sandler reaffirmed a "neutral" rating and issued a $225.00 price objective on shares of Apple in a research note on Wednesday, October 9th. Morgan Stanley reissued an "overweight" rating and set a $273.00 target price on shares of Apple in a research report on Friday, December 13th. UBS Group reaffirmed a "neutral" rating and issued a $236.00 price target on shares of Apple in a research report on Monday, December 2nd. Finally, Loop Capital downgraded Apple from a "buy" rating to a "hold" rating and set a $230.00 price objective on the stock. in a research note on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Apple currently has a consensus rating of "Moderate Buy" and a consensus target price of $238.05.

Insider Buying and Selling at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of the firm's stock in a transaction on 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 sale, the chief operating officer now directly 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Chris Kondo sold 4,130 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.06% of the company's stock.

Apple Price Performance

Shares of AAPL stock traded down $1.74 during trading hours on Thursday, hitting $237.62. The company had a trading volume of 32,786,231 shares, compared to its average volume of 56,478,961. The firm's fifty day moving average is $241.37 and its 200 day moving average is $230.81. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10. The firm has a market capitalization of $3.57 trillion, a price-to-earnings ratio of 39.08, a PEG ratio of 2.19 and a beta of 1.20. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS 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 company had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the previous year, the company earned $1.46 EPS. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. On average, sell-side analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

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.