Apple Inc. (NASDAQ:AAPL) Shares Bought by Gill Capital Partners LLC

Gill Capital Partners LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,335 shares of the iPhone maker’s stock after buying an additional 171 shares during the quarter. Apple makes up approximately 1.0% of Gill Capital Partners LLC’s portfolio, making the stock its 28th biggest position. Gill Capital Partners LLC’s holdings in Apple were worth $2,874,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AAPL. Strategic Wealth Partners Ltd. increased its holdings in Apple by 4.1% in the third quarter. Strategic Wealth Partners Ltd. now owns 113,938 shares of the iPhone maker’s stock valued at $26,547,000 after buying an additional 4,503 shares during the last quarter. Pathway Financial Advisors LLC boosted its position in shares of Apple by 1.5% during the 3rd quarter. Pathway Financial Advisors LLC now owns 21,556 shares of the iPhone maker’s stock worth $5,023,000 after acquiring an additional 313 shares in the last quarter. Rockingstone Advisors LLC increased its holdings in shares of Apple by 0.3% in the 3rd quarter. Rockingstone Advisors LLC now owns 24,577 shares of the iPhone maker’s stock valued at $5,726,000 after acquiring an additional 85 shares during the last quarter. Hoxton Planning & Management LLC raised its position in shares of Apple by 6.8% during the 3rd quarter. Hoxton Planning & Management LLC now owns 27,661 shares of the iPhone maker’s stock worth $6,445,000 after acquiring an additional 1,751 shares in the last quarter. Finally, Gratus Wealth Advisors LLC lifted its stake in Apple by 8.1% during the third quarter. Gratus Wealth Advisors LLC now owns 36,829 shares of the iPhone maker’s stock worth $8,165,000 after purchasing an additional 2,767 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Price Performance

Apple stock opened at $232.87 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The firm’s 50-day simple moving average is $228.06 and its 200 day simple moving average is $218.64. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. The firm has a market capitalization of $3.52 trillion, a PE ratio of 38.30, a P/E/G ratio of 2.25 and a beta of 1.24.

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

Apple Dividend Announcement

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. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. Apple’s dividend payout ratio (DPR) is 16.45%.

Analyst Ratings Changes

Several brokerages have commented on AAPL. Jefferies Financial Group lowered shares of Apple from a “buy” rating to a “hold” rating and increased their price target for the company from $205.00 to $212.92 in a research note on Monday, October 7th. Monness Crespi & Hardt reiterated a “buy” rating and set a $245.00 price target on shares of Apple in a research note on Monday, September 9th. TD Cowen boosted their price target on shares of Apple from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Melius Research reaffirmed a “buy” rating and set a $265.00 price objective on shares of Apple in a report on Tuesday, August 27th. Finally, StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average price target of $235.25.

Insider Activity

In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $111,148,695.84. This represents a 10.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Chris Kondo sold 4,130 shares of Apple 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 sale, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their position. 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. 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.