Apple Inc. (NASDAQ:AAPL) Shares Purchased by Adamsbrown Wealth Consultants LLC

Adamsbrown Wealth Consultants LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 23.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,011 shares of the iPhone maker’s stock after acquiring an additional 5,600 shares during the period. Apple makes up 2.3% of Adamsbrown Wealth Consultants LLC’s investment portfolio, making the stock its 13th biggest holding. Adamsbrown Wealth Consultants LLC’s holdings in Apple were worth $6,760,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Hershey Financial Advisers LLC purchased a new stake in shares of Apple in the second quarter valued at approximately $42,000. Christopher J. Hasenberg Inc increased its position in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after buying an additional 144 shares in the last quarter. Hoese & Co LLP raised its position in shares of Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after buying an additional 57 shares during the last quarter. Sage Financial Group Inc. purchased a new stake in Apple in the 2nd quarter worth approximately $206,000. Finally, Benchmark Wealth Management LLC acquired a new position in Apple in the second quarter valued at $208,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Apple news, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the transaction, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the sale, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at $24,416,137.76. The trade was a 35.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 408,170 shares of company stock worth $92,007,745 over the last three months. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Up 1.3 %

Shares of AAPL stock opened at $242.65 on Wednesday. The firm’s fifty day simple moving average is $229.59 and its 200 day simple moving average is $220.74. 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 firm has a market capitalization of $3.67 trillion, a P/E ratio of 39.91, a price-to-earnings-growth ratio of 2.35 and a beta of 1.23. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $242.76.

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. 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 quarter in the prior year, the firm earned $1.46 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts predict that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Friday, November 8th. Apple’s payout ratio is currently 16.45%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AAPL. Evercore ISI reiterated a “buy” rating and set a $250.00 target price on shares of Apple in a report on Thursday, September 26th. Barclays dropped their target price on shares of Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, November 1st. Morgan Stanley reiterated an “overweight” rating and set a $273.00 price objective on shares of Apple in a research note on Monday, November 25th. Oppenheimer restated a “buy” rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, October 1st. Finally, Piper Sandler reiterated a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, twelve have given 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, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $235.68.

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.