EWA LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 18.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,606 shares of the iPhone maker's stock after acquiring an additional 4,044 shares during the period. Apple comprises about 2.1% of EWA LLC's investment portfolio, making the stock its 11th biggest holding. EWA LLC's holdings in Apple were worth $5,844,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of AAPL. 1620 Investment Advisors Inc. grew its position in Apple by 0.5% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker's stock worth $2,249,000 after purchasing an additional 45 shares in the last quarter. Carolina Wealth Advisors LLC boosted 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 valued at $813,000 after buying an additional 46 shares during the period. Verus Financial Partners Inc. boosted its stake 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 period. Menard Financial Group LLC boosted its stake in shares of Apple by 0.4% during the 3rd quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker's stock valued at $2,848,000 after buying an additional 48 shares during the period. Finally, Lowery Thomas LLC boosted its stake in shares of Apple by 0.7% during 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 during the period. Institutional investors own 67.73% of the company's stock.
Insider Transactions at Apple
In other news, insider Chris Kondo sold 4,130 shares of the company's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on AAPL. Morgan Stanley lifted their target price on shares of Apple from $273.00 to $275.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Jefferies Financial Group lowered shares of Apple from a "hold" rating to an "underperform" rating and reduced their price objective for the company from $211.84 to $200.75 in a research note on Thursday, January 30th. Monness Crespi & Hardt lifted their price objective on shares of Apple to $245.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Apple from $260.00 to $270.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Finally, Raymond James boosted their target price on shares of Apple to $250.00 and gave the stock a "buy" rating in a research report on Monday, January 20th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $242.52.
Read Our Latest Analysis on Apple
Apple Price Performance
Apple stock traded up $3.07 during trading hours on Friday, hitting $244.60. 40,828,061 shares of the stock were exchanged, compared to its average volume of 58,424,872. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The stock has a market capitalization of $3.67 trillion, a P/E ratio of 38.83, a P/E/G ratio of 2.32 and a beta of 1.20. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10. The business's 50-day moving average is $240.70 and its two-hundred day moving average is $231.59.
Apple (NASDAQ:AAPL - Get Free Report) last announced 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%. Equities research analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. Apple's payout ratio is 15.87%.
About Apple
(
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.
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