Lwmg LLC Has $11.79 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Lwmg LLC raised its holdings in Apple Inc. (NASDAQ:AAPL) by 0.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,580 shares of the iPhone maker’s stock after purchasing an additional 171 shares during the quarter. Apple accounts for approximately 2.2% of Lwmg LLC’s investment portfolio, making the stock its 11th biggest position. Lwmg LLC’s holdings in Apple were worth $11,785,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Apple by 127.4% during the 1st 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 in the last quarter. Norden Group LLC grew its holdings in Apple by 10.8% during the 1st quarter. Norden Group LLC now owns 60,021 shares of the iPhone maker’s stock worth $10,292,000 after acquiring an additional 5,830 shares during the last quarter. Ables Iannone Moore & Associates Inc. raised its position in Apple by 1.0% during the 1st quarter. Ables Iannone Moore & Associates Inc. now owns 112,505 shares of the iPhone maker’s stock worth $19,294,000 after purchasing an additional 1,162 shares during the last quarter. Drexel Morgan & Co. lifted its holdings in Apple by 0.3% during the 1st quarter. Drexel Morgan & Co. now owns 44,102 shares of the iPhone maker’s stock worth $7,563,000 after buying an additional 150 shares during the period. Finally, North Star Investment Management Corp. increased its stake in shares of Apple by 0.5% in the first quarter. North Star Investment Management Corp. now owns 263,747 shares of the iPhone maker’s stock valued at $45,227,000 after buying an additional 1,275 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analyst Ratings Changes

AAPL has been the subject of a number of recent analyst reports. Rosenblatt Securities increased their target price on shares of Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Moffett Nathanson reduced their price target on shares of Apple from $211.00 to $202.00 and set a “neutral” rating for the company in a report on Tuesday. The Goldman Sachs Group raised their target price on Apple from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Needham & Company LLC reissued a “buy” rating and issued a $260.00 price objective on shares of Apple in a research note on Friday, November 1st. Finally, StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Two research 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 issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.25.

Apple Stock Performance

Shares of AAPL opened at $229.00 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The firm has a market cap of $3.46 trillion, a PE ratio of 37.66, a PEG ratio of 2.20 and a beta of 1.24. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The stock’s fifty day moving average price is $227.47 and its two-hundred day moving average price is $217.40.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. The firm had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $1.46 earnings per share. On average, equities research analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued 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 payout ratio is currently 16.45%.

Insider Activity

In other Apple news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction 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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Katherine L. Adams sold 61,019 shares of the company’s stock in a transaction 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 approximately $42,309,126.60. The trade was a 24.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 408,170 shares of company stock worth $92,007,745. 0.06% of the stock is owned by corporate insiders.

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.