Apple Inc. (NASDAQ:AAPL) is Keystone Wealth Services LLC’s 2nd Largest Position

Keystone Wealth Services LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 4.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,587 shares of the iPhone maker’s stock after buying an additional 3,449 shares during the quarter. Apple makes up about 4.8% of Keystone Wealth Services LLC’s holdings, making the stock its 2nd biggest holding. Keystone Wealth Services LLC’s holdings in Apple were worth $17,379,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Ullmann Wealth Partners Group LLC grew its stake in shares of Apple by 2.4% in the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 27,217 shares of the iPhone maker’s stock worth $6,342,000 after buying an additional 640 shares during the last quarter. Lockerman Financial Group Inc. grew its stake in shares of Apple by 5.1% in the third quarter. Lockerman Financial Group Inc. now owns 6,366 shares of the iPhone maker’s stock worth $1,483,000 after acquiring an additional 311 shares during the last quarter. von Borstel & Associates Inc. purchased a new stake in shares of Apple in the third quarter worth $997,000. Aspect Partners LLC raised its position in shares of Apple by 3.6% in the 3rd quarter. Aspect Partners LLC now owns 2,083 shares of the iPhone maker’s stock worth $485,000 after purchasing an additional 73 shares during the last quarter. Finally, Zhang Financial LLC boosted its stake in Apple by 0.9% in the 3rd quarter. Zhang Financial LLC now owns 199,665 shares of the iPhone maker’s stock worth $46,522,000 after purchasing an additional 1,701 shares in the last quarter. 60.41% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Chris Kondo sold 4,130 shares of the 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. The trade was a 6.39 % 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 quarter. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of analyst reports. Melius Research restated a “buy” rating and set a $265.00 price objective on shares of Apple in a research note on Tuesday, August 27th. Oppenheimer restated a “buy” rating and issued a $250.00 price objective on shares of Apple in a report on Tuesday, October 1st. Bank of America increased their target price on Apple to $256.00 and gave the company a “buy” rating in a research note on Wednesday. Tigress Financial boosted their price target on Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 28th. Finally, New Street Research reaffirmed a “neutral” rating and set a $225.00 price objective on shares of Apple in a research report on Wednesday, September 25th. Two equities research 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $235.68.

Apple Trading Up 0.0 %

Shares of Apple stock opened at $243.04 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The company has a fifty day moving average of $230.23 and a 200 day moving average of $221.05. The company has a market capitalization of $3.67 trillion, a P/E ratio of 39.97, a P/E/G ratio of 2.38 and a beta of 1.23. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $244.54.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share 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 analyst estimates of $94.52 billion. During the same quarter in the prior year, the company posted $1.46 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a dividend of $0.25 per share. 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 dividend payout ratio (DPR) is currently 16.45%.

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.