Apple Inc. (NASDAQ:AAPL) Shares Bought by Market Street Wealth Management Advisors LLC

Market Street Wealth Management Advisors LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,232 shares of the iPhone maker’s stock after purchasing an additional 104 shares during the quarter. Apple comprises approximately 0.5% of Market Street Wealth Management Advisors LLC’s investment portfolio, making the stock its 28th biggest position. Market Street Wealth Management Advisors LLC’s holdings in Apple were worth $2,850,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. lifted its stake in Apple by 127.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock worth $12,943,000 after acquiring an additional 42,282 shares in the last quarter. Kingsview Wealth Management LLC increased its stake in Apple by 7.3% during the first quarter. Kingsview Wealth Management LLC now owns 566,821 shares of the iPhone maker’s stock worth $97,198,000 after purchasing an additional 38,697 shares during the period. Zevin Asset Management LLC lifted its position in shares of Apple by 1.6% during the first quarter. Zevin Asset Management LLC now owns 147,468 shares of the iPhone maker’s stock worth $25,288,000 after purchasing an additional 2,345 shares in the last quarter. HBK Sorce Advisory LLC lifted its position in shares of Apple by 4.7% during the first quarter. HBK Sorce Advisory LLC now owns 340,955 shares of the iPhone maker’s stock worth $58,467,000 after purchasing an additional 15,332 shares in the last quarter. Finally, Maple Capital Management Inc. boosted its stake in shares of Apple by 0.9% in the first quarter. Maple Capital Management Inc. now owns 497,261 shares of the iPhone maker’s stock valued at $85,270,000 after purchasing an additional 4,411 shares during the period. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Jeffrey E. Williams sold 59,730 shares of the firm’s stock in a transaction on 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 sale, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at approximately $111,148,695.84. This trade represents a 10.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was 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 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. Insiders have sold 408,170 shares of company stock worth $92,007,745 over the last three months. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AAPL. Citigroup upped their target price on shares of Apple to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price objective on shares of Apple in a research note on Friday, November 1st. Tigress Financial boosted their target price on Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 28th. KeyCorp downgraded Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price target on the stock. in a report on Friday, October 25th. Finally, Melius Research reiterated a “buy” rating and issued a $265.00 price objective on shares of Apple in a research note on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.68.

Apple Stock Performance

NASDAQ AAPL opened at $242.84 on Monday. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $244.63. The business’s 50-day moving average price is $230.53 and its 200 day moving average price is $221.83. 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 firm has a market cap of $3.67 trillion, a P/E ratio of 39.94, a P/E/G ratio of 2.38 and a beta of 1.23.

Apple (NASDAQ:AAPL) last posted 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 during the quarter, compared to analysts’ expectations of $94.52 billion. During the same period last year, the firm earned $1.46 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts expect that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were paid a $0.25 dividend. 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 payout ratio is currently 16.45%.

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.