Amplius Wealth Advisors LLC Acquires 385 Shares of Apple Inc. (NASDAQ:AAPL)

Amplius Wealth Advisors LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,163 shares of the iPhone maker’s stock after buying an additional 385 shares during the period. Apple accounts for about 1.5% of Amplius Wealth Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. Amplius Wealth Advisors LLC’s holdings in Apple were worth $13,785,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC increased its stake in Apple by 1.6% in the third quarter. Regent Peak Wealth Advisors LLC now owns 110,808 shares of the iPhone maker’s stock valued at $25,818,000 after purchasing an additional 1,744 shares in the last quarter. PCG Wealth Advisors LLC increased its stake in Apple by 6.1% in the third quarter. PCG Wealth Advisors LLC now owns 9,999 shares of the iPhone maker’s stock valued at $2,330,000 after purchasing an additional 573 shares in the last quarter. Transform Wealth LLC increased its stake in Apple by 8.4% in the third quarter. Transform Wealth LLC now owns 269,033 shares of the iPhone maker’s stock valued at $62,685,000 after purchasing an additional 20,897 shares in the last quarter. Leisure Capital Management increased its stake in Apple by 0.9% in the third quarter. Leisure Capital Management now owns 81,242 shares of the iPhone maker’s stock valued at $18,929,000 after purchasing an additional 716 shares in the last quarter. Finally, Terra Nova Asset Management LLC increased its stake in Apple by 100.2% in the third quarter. Terra Nova Asset Management LLC now owns 14,148 shares of the iPhone maker’s stock valued at $3,296,000 after purchasing an additional 7,081 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Apple Price Performance

NASDAQ:AAPL opened at $242.84 on Friday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $244.63. The firm has a market cap of $3.67 trillion, a price-to-earnings ratio of 39.94, a P/E/G ratio of 2.38 and a beta of 1.23. The firm’s 50-day simple moving average is $230.53 and its 200 day simple moving average is $221.62. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87.

Apple (NASDAQ:AAPL) last released 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 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 period last year, the firm earned $1.46 earnings per share. Apple’s revenue for the quarter 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 earnings per share for the current year.

Apple Dividend Announcement

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

Insider Buying and Selling

In other Apple news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 59,730 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 408,170 shares of company stock valued at $92,007,745. 0.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AAPL. Morgan Stanley reaffirmed an “overweight” rating and issued a $273.00 target price on shares of Apple in a research note on Monday, November 25th. Rosenblatt Securities increased their price objective on shares of Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and set a $260.00 price objective on shares of Apple in a research report on Friday, November 1st. Finally, Oppenheimer restated a “buy” rating and set a $250.00 target price on shares of Apple in a report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus 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.