Apple Inc. (NASDAQ:AAPL) Shares Purchased by Unique Wealth LLC

Unique Wealth LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 10.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,504 shares of the iPhone maker’s stock after buying an additional 1,951 shares during the quarter. Apple makes up approximately 1.1% of Unique Wealth LLC’s investment portfolio, making the stock its 18th largest position. Unique Wealth LLC’s holdings in Apple were worth $5,010,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. China Universal Asset Management Co. Ltd. raised its holdings in shares of Apple by 127.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock valued at $12,943,000 after acquiring an additional 42,282 shares during the last quarter. Fountainhead AM LLC lifted its holdings in Apple by 5.9% in the 1st quarter. Fountainhead AM LLC now owns 51,041 shares of the iPhone maker’s stock valued at $8,753,000 after purchasing an additional 2,829 shares in the last quarter. SWP Financial LLC boosted its stake in Apple by 23.6% during the 1st quarter. SWP Financial LLC now owns 42,691 shares of the iPhone maker’s stock worth $7,321,000 after purchasing an additional 8,158 shares during the last quarter. Concord Wealth Partners raised its position in shares of Apple by 16.7% in the first quarter. Concord Wealth Partners now owns 71,927 shares of the iPhone maker’s stock valued at $12,334,000 after buying an additional 10,286 shares during the last quarter. Finally, Summit Place Financial Advisors LLC lifted its stake in shares of Apple by 9.0% in the first quarter. Summit Place Financial Advisors LLC now owns 34,856 shares of the iPhone maker’s stock worth $5,977,000 after buying an additional 2,867 shares in the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Activity

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 transaction of $945,233.10. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This trade represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 408,170 shares of company stock worth $92,007,745. 0.06% of the stock is currently owned by corporate insiders.

Apple Trading Up 0.1 %

AAPL opened at $228.28 on Wednesday. The business has a fifty day moving average price of $227.34 and a 200 day moving average price of $217.31. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The stock has a market capitalization of $3.45 trillion, a price-to-earnings ratio of 37.55, a PEG ratio of 2.20 and a beta of 1.24.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates 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 business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 earnings per share. Sell-side analysts expect that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on AAPL shares. Jefferies Financial Group cut shares of Apple from a “buy” rating to a “hold” rating and upped their price objective for the company from $205.00 to $212.92 in a research note on Monday, October 7th. Bank of America reaffirmed a “buy” rating and issued a $256.00 price target on shares of Apple in a report on Thursday, October 3rd. The Goldman Sachs Group lifted their price objective on Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Citigroup upped their target price on Apple to $185.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Moffett Nathanson lowered their price target on shares of Apple from $211.00 to $202.00 and set a “neutral” rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $235.25.

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.