Apple Inc. (NASDAQ:AAPL) Holdings Lifted by Transform Wealth LLC

Transform Wealth LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 8.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 269,033 shares of the iPhone maker’s stock after buying an additional 20,897 shares during the quarter. Apple accounts for approximately 4.2% of Transform Wealth LLC’s holdings, making the stock its 2nd biggest position. Transform Wealth LLC’s holdings in Apple were worth $62,685,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. China Universal Asset Management Co. Ltd. grew its stake in Apple by 127.4% in the first quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock valued at $12,943,000 after purchasing an additional 42,282 shares in the last quarter. Interchange Capital Partners LLC grew its stake in Apple by 6.7% in the first quarter. Interchange Capital Partners LLC now owns 17,411 shares of the iPhone maker’s stock valued at $2,876,000 after purchasing an additional 1,086 shares in the last quarter. Angeles Wealth Management LLC lifted its position in shares of Apple by 8.7% in the first quarter. Angeles Wealth Management LLC now owns 107,010 shares of the iPhone maker’s stock worth $18,350,000 after buying an additional 8,602 shares during the last quarter. Foundry Partners LLC lifted its position in shares of Apple by 30.9% in the first quarter. Foundry Partners LLC now owns 4,195 shares of the iPhone maker’s stock worth $719,000 after buying an additional 990 shares during the last quarter. Finally, Souders Financial Advisors lifted its position in shares of Apple by 5.6% in the first quarter. Souders Financial Advisors now owns 74,720 shares of the iPhone maker’s stock worth $12,813,000 after buying an additional 3,966 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Stock Down 0.1 %

Shares of AAPL opened at $242.84 on Friday. The firm has a market capitalization of $3.67 trillion, a price-to-earnings ratio of 39.94, a PEG ratio of 2.38 and a beta of 1.23. 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 business’s fifty day moving average price is $230.53 and its two-hundred day moving average price is $221.62. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $244.63.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $1.46 EPS. On average, analysts predict that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The company also recently disclosed 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 0.41%. Apple’s payout ratio is 16.45%.

Analyst Ratings Changes

A number of brokerages have weighed in on AAPL. UBS Group reaffirmed a “neutral” rating and issued a $236.00 price target on shares of Apple in a research report on Monday, December 2nd. Melius Research reaffirmed a “buy” rating and issued a $265.00 price target on shares of Apple in a research report on Tuesday, August 27th. Rosenblatt Securities boosted their price target on Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. New Street Research reaffirmed a “neutral” rating and issued a $225.00 price target on shares of Apple in a research report on Wednesday, September 25th. Finally, Monness Crespi & Hardt reissued a “buy” rating and set a $245.00 price objective on shares of Apple in a research report on Monday, September 9th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average target price of $235.68.

Insider Buying and Selling at Apple

In other news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This represents a 6.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 408,170 shares of company stock worth $92,007,745. Insiders own 0.06% of the company’s stock.

Apple 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.