Apple Inc. (NASDAQ:AAPL) Shares Acquired by Crestmont Private Wealth LLC

Crestmont Private Wealth LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 3,166 shares of the iPhone maker’s stock after acquiring an additional 145 shares during the quarter. Apple comprises about 0.3% of Crestmont Private Wealth LLC’s portfolio, making the stock its 18th largest position. Crestmont Private Wealth LLC’s holdings in Apple were worth $738,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Darrow Company Inc. lifted its holdings in shares of Apple by 20.2% in the 3rd quarter. Darrow Company Inc. now owns 3,401 shares of the iPhone maker’s stock valued at $792,000 after buying an additional 572 shares during the period. Ayrshire Capital Management LLC boosted its holdings in Apple by 1.5% during the third quarter. Ayrshire Capital Management LLC now owns 33,899 shares of the iPhone maker’s stock worth $7,899,000 after buying an additional 485 shares in the last quarter. Shaker Investments LLC OH grew its position in Apple by 80.0% during the third quarter. Shaker Investments LLC OH now owns 24,265 shares of the iPhone maker’s stock valued at $5,654,000 after buying an additional 10,784 shares during the period. Professional Financial Advisors LLC boosted its stake in shares of Apple by 0.5% during the 3rd quarter. Professional Financial Advisors LLC now owns 13,938 shares of the iPhone maker’s stock worth $3,248,000 after acquiring an additional 68 shares in the last quarter. Finally, CHICAGO TRUST Co NA raised its holdings in shares of Apple by 15.2% during the third quarter. CHICAGO TRUST Co NA now owns 149,219 shares of the iPhone maker’s stock valued at $34,768,000 after acquiring an additional 19,670 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 61,019 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now directly owns 187,043 shares in the company, valued at approximately $42,309,126.60. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the business’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 transaction, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 408,170 shares of company stock valued at $92,007,745. 0.06% of the stock is owned by corporate insiders.

Apple Trading Up 1.0 %

NASDAQ AAPL opened at $239.59 on Tuesday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $240.79. 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 stock has a market cap of $3.62 trillion, a P/E ratio of 39.41, a PEG ratio of 2.33 and a beta of 1.24. The company’s fifty day simple moving average is $229.02 and its 200-day simple moving average is $220.02.

Apple (NASDAQ:AAPL) last posted its quarterly 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 business had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same period last year, the firm earned $1.46 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities research analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. Apple’s dividend payout ratio (DPR) is 16.45%.

Analyst Ratings Changes

Several equities research analysts recently commented on AAPL shares. New Street Research reaffirmed a “neutral” rating and issued a $225.00 price target on shares of Apple in a report on Wednesday, September 25th. Loop Capital dropped their target price on Apple from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price objective on shares of Apple in a research note on Friday, November 1st. Moffett Nathanson lowered their price target on Apple from $211.00 to $202.00 and set a “neutral” rating for the company in a report on Tuesday, November 19th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $250.00 target price on shares of Apple in a report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $235.68.

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.