Apple Inc. (NASDAQ:AAPL) Stake Increased by Beacon Wealthcare LLC

Beacon Wealthcare LLC grew its position in Apple Inc. (NASDAQ:AAPL) by 4.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,304 shares of the iPhone maker’s stock after buying an additional 242 shares during the period. Apple makes up about 0.5% of Beacon Wealthcare LLC’s investment portfolio, making the stock its 10th largest holding. Beacon Wealthcare LLC’s holdings in Apple were worth $1,236,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sinecera Capital LLC raised its stake in shares of Apple by 2.1% in the third quarter. Sinecera Capital LLC now owns 10,151 shares of the iPhone maker’s stock worth $2,365,000 after purchasing an additional 205 shares during the last quarter. Saxon Interests Inc. boosted its position in shares of Apple by 2.5% during the third quarter. Saxon Interests Inc. now owns 42,959 shares of the iPhone maker’s stock valued at $10,009,000 after buying an additional 1,042 shares during the last quarter. Tilia Fiduciary Partners Inc. increased its holdings in Apple by 5.3% in the 3rd quarter. Tilia Fiduciary Partners Inc. now owns 32,816 shares of the iPhone maker’s stock worth $7,646,000 after buying an additional 1,656 shares in the last quarter. Great Oak Capital Partners LLC raised its position in Apple by 1.4% in the 3rd quarter. Great Oak Capital Partners LLC now owns 4,978 shares of the iPhone maker’s stock worth $1,129,000 after buying an additional 70 shares during the last quarter. Finally, Barlow Wealth Partners Inc. lifted its stake in Apple by 0.4% during the 3rd quarter. Barlow Wealth Partners Inc. now owns 118,888 shares of the iPhone maker’s stock valued at $26,356,000 after acquiring an additional 524 shares during the period. Institutional investors own 60.41% of the company’s stock.

Apple Stock Up 0.9 %

Shares of NASDAQ:AAPL opened at $235.06 on Wednesday. The company has a market cap of $3.55 trillion, a price-to-earnings ratio of 38.66, a PEG ratio of 2.25 and a beta of 1.24. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The company has a 50-day moving average price of $228.43 and a 200 day moving average price of $219.01.

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

Apple Announces Dividend

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

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price target on shares of Apple in a research note on Friday, November 1st. Melius Research reaffirmed a “buy” rating and issued a $265.00 target price on shares of Apple in a research report on Tuesday, August 27th. Piper Sandler reissued a “neutral” rating and set a $225.00 price target on shares of Apple in a report on Wednesday, October 9th. Citigroup lifted their price objective on Apple to $185.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.25.

Insider Buying and Selling

In other news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This represents a 6.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Katherine L. Adams sold 61,019 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the sale, the senior vice president now directly owns 187,043 shares of the company’s stock, valued at $42,309,126.60. This 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 valued at $92,007,745 in the last ninety days. 0.06% of the stock is owned by company insiders.

Apple 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.