Savvy Advisors Inc. Purchases 13,372 Shares of Apple Inc. (NASDAQ:AAPL)

Savvy Advisors Inc. lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 46.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,934 shares of the iPhone maker's stock after buying an additional 13,372 shares during the quarter. Apple comprises approximately 2.0% of Savvy Advisors Inc.'s investment portfolio, making the stock its 11th biggest holding. Savvy Advisors Inc.'s holdings in Apple were worth $9,771,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AAPL. Bull Oak Capital LLC grew its position in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after buying an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new stake in shares of Apple in the 2nd quarter valued at approximately $42,000. Christopher J. Hasenberg Inc boosted its stake in Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock worth $69,000 after acquiring an additional 144 shares during the last quarter. ARK Investment Management LLC acquired a new position in Apple during the third quarter valued at approximately $110,000. Finally, Cordant Inc. increased its stake in Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker's stock valued at $158,000 after purchasing an additional 173 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AAPL has been the subject of several research analyst reports. Evercore ISI reissued a "buy" rating and issued a $250.00 price target on shares of Apple in a report on Thursday, September 26th. Barclays lifted their target price on Apple to $184.00 and gave the stock a "sell" rating in a report on Friday, January 10th. KeyCorp downgraded Apple from a "sector weight" rating to an "underweight" rating and set a $200.00 price target for the company. in a report on Friday, October 25th. Raymond James lifted their price objective on Apple to $250.00 and gave the company a "buy" rating in a report on Monday. Finally, Piper Sandler reissued a "neutral" rating and set a $225.00 target price on shares of Apple in a research note on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $239.85.

Insider Transactions at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business's stock in a transaction dated Monday, December 16th. The shares were 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 owns 389,944 shares of the company's stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction that occurred on 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. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

Apple Stock Performance

Shares of AAPL traded up $1.72 during mid-day trading on Monday, reaching $229.98. The company's stock had a trading volume of 68,239,505 shares, compared to its average volume of 41,481,172. 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 Inc. has a 1-year low of $164.07 and a 1-year high of $260.10. The business has a 50-day simple moving average of $241.01 and a two-hundred day simple moving average of $230.79. The stock has a market cap of $3.48 trillion, a P/E ratio of 37.83, a PEG ratio of 2.32 and a beta of 1.20.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 152.94% and a net margin of 23.97%. The company's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 EPS. As a group, equities research analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.43%. Apple's dividend payout ratio (DPR) is presently 16.45%.

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.