Apple Inc. (NASDAQ:AAPL) Shares Purchased by Muirfield Wealth Advisors LLC

Muirfield Wealth Advisors LLC raised its stake in Apple Inc. (NASDAQ:AAPL) by 9.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,080 shares of the iPhone maker’s stock after purchasing an additional 800 shares during the quarter. Apple comprises approximately 1.8% of Muirfield Wealth Advisors LLC’s holdings, making the stock its 14th biggest holding. Muirfield Wealth Advisors LLC’s holdings in Apple were worth $2,116,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Hershey Financial Advisers LLC purchased a new position in Apple in the 2nd quarter valued at about $42,000. Christopher J. Hasenberg Inc lifted its position in shares of 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 purchasing an additional 144 shares during the last quarter. Hoese & Co LLP grew its stake in Apple by 6.7% in the second 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. Sage Financial Group Inc. bought a new stake in Apple in the second quarter valued at about $206,000. Finally, Benchmark Wealth Management LLC acquired a new stake in Apple during the second quarter valued at approximately $208,000. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Up 1.3 %

Shares of AAPL opened at $242.65 on Wednesday. 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 company has a 50-day moving average price of $229.59 and a two-hundred day moving average price of $220.74. The stock has a market cap of $3.67 trillion, a price-to-earnings ratio of 39.91, a P/E/G ratio of 2.35 and a beta of 1.23. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $242.76.

Apple (NASDAQ:AAPL) last announced 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 return on equity of 152.94% and a net margin of 23.97%. 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 previous year, the firm earned $1.46 EPS. Apple’s quarterly revenue was up 6.1% on a year-over-year basis. Equities analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently commented on AAPL shares. Wedbush reiterated an “outperform” rating and issued a $300.00 target price on shares of Apple in a research report on Friday, November 29th. Melius Research reissued a “buy” rating and set a $265.00 target price on shares of Apple in a report on Tuesday, August 27th. Bank of America restated a “buy” rating and set a $256.00 price objective on shares of Apple in a research note on Thursday, October 3rd. Evercore ISI restated a “buy” rating and set a $250.00 price target on shares of Apple in a research report on Thursday, September 26th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $265.00 target price on shares of Apple in a research note on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $235.68.

Insider Buying and Selling

In related news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were 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 in the company, valued at $736,269,202.80. This represents a 6.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey E. Williams sold 59,730 shares of the stock in a transaction dated 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 sale, the chief operating officer now directly owns 489,944 shares in the company, valued at approximately $111,148,695.84. This represents a 10.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 408,170 shares of company stock worth $92,007,745 in the last quarter. 0.06% of the stock is 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.