Discipline Wealth Solutions LLC bought a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,641 shares of the iPhone maker's stock, valued at approximately $2,013,000. Apple comprises 1.1% of Discipline Wealth Solutions LLC's portfolio, making the stock its 14th biggest position.
Other institutional investors also recently bought and sold shares of the company. Bull Oak Capital LLC increased its holdings in shares of Apple by 252.3% in 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 during the last quarter. Hershey Financial Advisers LLC bought a new position in shares of Apple during the 2nd quarter valued at approximately $42,000. Christopher J. Hasenberg Inc grew its holdings in shares of 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 purchasing an additional 144 shares in the last quarter. Teachers Insurance & Annuity Association of America bought a new stake in Apple in the third quarter worth $77,000. Finally, ARK Investment Management LLC purchased a new stake in Apple during the third quarter valued at $110,000. 67.73% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Apple 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 of the company's stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of analysts have recently weighed in on AAPL shares. Morgan Stanley boosted their target price on shares of Apple from $273.00 to $275.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. The Goldman Sachs Group raised their price objective on Apple from $280.00 to $294.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Moffett Nathanson reissued a "sell" rating and set a $188.00 target price (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. 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. Finally, Raymond James boosted their price objective on shares of Apple to $250.00 and gave the company a "buy" rating in a research report on Monday, January 20th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $242.52.
Check Out Our Latest Stock Analysis on AAPL
Apple Price Performance
Shares of Apple stock traded up $0.23 during mid-day trading on Tuesday, reaching $244.83. 12,415,386 shares of the stock traded hands, compared to its average volume of 53,725,551. The stock has a market capitalization of $3.68 trillion, a PE ratio of 38.81, a PEG ratio of 2.32 and a beta of 1.20. The business has a 50-day moving average of $240.66 and a 200 day moving average of $231.94. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.
Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, analysts predict that Apple Inc. will post 7.28 EPS for the current year.
Apple Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. Apple's dividend payout ratio is presently 15.87%.
Apple Company Profile
(
Free Report)
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.
Read More
Before you consider Apple, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Apple wasn't on the list.
While Apple currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
