waypoint wealth counsel Raises Stake in Apple Inc. (NASDAQ:AAPL)

waypoint wealth counsel boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,507 shares of the iPhone maker’s stock after acquiring an additional 1,317 shares during the quarter. Apple comprises about 4.6% of waypoint wealth counsel’s investment portfolio, making the stock its 7th biggest holding. waypoint wealth counsel’s holdings in Apple were worth $6,875,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fidelis Capital Partners LLC increased its stake in Apple by 17.9% in the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after purchasing an additional 31,278 shares in the last quarter. Hershey Financial Advisers LLC purchased a new position in Apple in the 2nd quarter worth about $42,000. Access Investment Management LLC purchased a new position in Apple in the 1st quarter worth about $140,000. Hoese & Co LLP increased its stake in Apple by 6.7% in the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after purchasing an additional 57 shares in the last quarter. Finally, Sage Financial Group Inc. purchased a new position in Apple in the 2nd quarter worth about $206,000. 60.41% of the stock is currently owned by institutional investors.

Apple Stock Down 0.2 %

Shares of AAPL stock opened at $228.44 on Friday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The firm has a market cap of $3.45 trillion, a PE ratio of 37.57, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24. The stock has a 50 day moving average of $227.59 and a 200-day moving average of $217.47. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. Apple’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.46 earnings per share. On average, equities analysts predict 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. 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 yield of 0.44%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio (DPR) is 16.45%.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of analyst reports. StockNews.com cut Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Barclays lowered their target price on Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, November 1st. Robert W. Baird lifted their target price on Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Citigroup lifted their target price on Apple to $185.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Tigress Financial lifted their target price on Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a research note on Wednesday, August 28th. Two investment 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. According to data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $235.25.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Katherine L. Adams sold 61,019 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total value of $13,802,497.80. Following the completion of the sale, the senior vice president now 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 worth $92,007,745 over the last three months. Company insiders own 0.06% of the company’s stock.

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.