Physician Wealth Advisors Inc. Purchases 333 Shares of Apple Inc. (NASDAQ:AAPL)

Physician Wealth Advisors Inc. increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,131 shares of the iPhone maker’s stock after acquiring an additional 333 shares during the period. Apple comprises 3.1% of Physician Wealth Advisors Inc.’s investment portfolio, making the stock its 8th biggest position. Physician Wealth Advisors Inc.’s holdings in Apple were worth $17,569,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Hershey Financial Advisers LLC purchased a new stake in Apple during the 2nd quarter worth about $42,000. Christopher J. Hasenberg Inc increased its holdings in Apple by 88.9% during the 3rd 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 period. Hoese & Co LLP increased its holdings in Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after purchasing an additional 57 shares during the period. Sage Financial Group Inc. purchased a new stake in Apple during the 2nd quarter worth about $206,000. Finally, Benchmark Wealth Management LLC purchased a new stake in Apple during the 2nd quarter worth about $208,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Transactions at Apple

In related news, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This trade represents a 6.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of Apple 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 sale, the insider now directly 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 disclosure for this sale can be found here. Insiders sold a total of 408,170 shares of company stock valued at $92,007,745 over the last three months. 0.06% of the stock is currently owned by insiders.

Apple Price Performance

Shares of NASDAQ AAPL opened at $242.84 on Friday. 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 company’s 50-day moving average price is $230.53 and its 200 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. The stock has a market cap of $3.67 trillion, a price-to-earnings ratio of 39.94, a PEG ratio of 2.38 and a beta of 1.23.

Apple (NASDAQ:AAPL) last released 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 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 in the prior year, the business earned $1.46 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, research analysts forecast that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on AAPL. Loop Capital dropped their price objective on Apple from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Melius Research reiterated a “buy” rating and issued a $265.00 price objective on shares of Apple in a report on Tuesday, August 27th. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. KeyCorp downgraded Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price objective on the stock. in a report on Friday, October 25th. Finally, Moffett Nathanson cut their price target on Apple from $211.00 to $202.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 19th. Two research 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 given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $235.68.

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.