Apple Inc. (NASDAQ:AAPL) Shares Acquired by Gainplan LLC

Gainplan LLC lifted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 483.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,049 shares of the iPhone maker's stock after purchasing an additional 6,669 shares during the period. Apple accounts for about 0.9% of Gainplan LLC's investment portfolio, making the stock its 19th biggest position. Gainplan LLC's holdings in Apple were worth $1,875,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Fidelis Capital Partners LLC lifted its holdings in Apple by 17.9% during the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker's stock worth $35,000 after buying an additional 31,278 shares during the period. Hershey Financial Advisers LLC purchased a new stake in Apple during the second quarter worth $42,000. Access Investment Management LLC purchased a new stake in Apple during the first quarter worth $140,000. Hoese & Co LLP lifted its holdings in Apple by 6.7% during the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker's stock worth $175,000 after buying an additional 57 shares during the period. Finally, Sage Financial Group Inc. purchased a new stake in shares of Apple during the 2nd quarter valued at $206,000. Hedge funds and other institutional investors own 60.41% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AAPL. JPMorgan Chase & Co. reiterated an "overweight" rating and set a $265.00 price objective on shares of Apple in a report on Tuesday, September 10th. Oppenheimer reiterated a "buy" rating and set a $250.00 price objective on shares of Apple in a report on Tuesday, October 1st. Morgan Stanley reiterated an "overweight" rating and set a $273.00 price objective on shares of Apple in a report on Tuesday, September 10th. Monness Crespi & Hardt reiterated a "buy" rating and set a $245.00 price objective on shares of Apple in a report on Monday, September 9th. Finally, StockNews.com lowered Apple from a "buy" rating to a "hold" rating in a report on Friday, November 1st. Two 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $235.25.

Apple Trading Up 0.3 %

Shares of Apple stock opened at $229.00 on Thursday. The firm has a market capitalization of $3.46 trillion, a PE ratio of 37.66, a P/E/G ratio of 2.20 and a beta of 1.24. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49. The firm's 50-day moving average price is $227.47 and its 200 day moving average price is $217.40. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.60 by $0.04. The firm had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. Apple's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $1.46 EPS. On average, sell-side analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Friday, November 8th. Apple's dividend payout ratio is presently 16.45%.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 4,130 shares of the firm'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 value of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares of the company's stock, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 61,019 shares of the firm's stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the transaction, the senior vice president now directly owns 187,043 shares in the company, valued at $42,309,126.60. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 408,170 shares of company stock valued at $92,007,745 in the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

About Apple

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.