Apple Inc. (NASDAQ:AAPL) Stake Boosted by Greater Midwest Financial Group LLC

Greater Midwest Financial Group LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 52,435 shares of the iPhone maker’s stock after acquiring an additional 652 shares during the quarter. Apple accounts for 7.2% of Greater Midwest Financial Group LLC’s portfolio, making the stock its 4th biggest holding. Greater Midwest Financial Group LLC’s holdings in Apple were worth $12,217,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Hershey Financial Advisers LLC bought a new position in Apple in the 2nd quarter worth $42,000. Christopher J. Hasenberg Inc increased its position in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after buying an additional 144 shares in the last quarter. Hoese & Co LLP raised its stake in shares of Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after buying an additional 57 shares during the period. Sage Financial Group Inc. purchased a new position in shares of Apple during the 2nd quarter valued at about $206,000. Finally, Benchmark Wealth Management LLC purchased a new stake in Apple in the 2nd quarter worth approximately $208,000. Institutional investors own 60.41% of the company’s stock.

Apple Trading Down 0.1 %

AAPL stock opened at $242.84 on Monday. The firm’s fifty day simple moving average is $230.53 and its two-hundred day simple moving average is $221.83. The stock has a market capitalization of $3.67 trillion, a price-to-earnings ratio of 39.94, a price-to-earnings-growth ratio of 2.38 and a beta of 1.23. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $244.63.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. The company had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.46 EPS. As a group, analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

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

Insider Transactions at Apple

In related news, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. The trade was a 6.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Luca Maestri sold 59,305 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the transaction, the chief financial officer now owns 107,788 shares in the company, valued at approximately $24,416,137.76. This trade represents a 35.49 % 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 valued at $92,007,745 in the last 90 days. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the topic of several analyst reports. Barclays lowered their price target on shares of Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, November 1st. Needham & Company LLC restated a “buy” rating and set a $260.00 target price on shares of Apple in a research note on Friday, November 1st. Moffett Nathanson dropped their target price on shares of Apple from $211.00 to $202.00 and set a “neutral” rating for the company in a report on Tuesday, November 19th. Piper Sandler reissued a “neutral” rating and set a $225.00 price target on shares of Apple in a report on Wednesday, October 9th. Finally, New Street Research restated a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research report on Wednesday, September 25th. Two investment 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $235.68.

About Apple

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.