Apple Inc. (NASDAQ:AAPL) Shares Bought by TruWealth Advisors LLC

TruWealth Advisors LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 181,552 shares of the iPhone maker’s stock after acquiring an additional 1,441 shares during the quarter. Apple comprises about 2.6% of TruWealth Advisors LLC’s investment portfolio, making the stock its 8th largest position. TruWealth Advisors LLC’s holdings in Apple were worth $42,301,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AAPL. China Universal Asset Management Co. Ltd. lifted 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 buying an additional 42,282 shares in the last quarter. Te Ahumairangi Investment Management Ltd grew its holdings in shares of Apple by 15.7% during the first quarter. Te Ahumairangi Investment Management Ltd now owns 150,505 shares of the iPhone maker’s stock worth $25,809,000 after buying an additional 20,430 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Apple by 1.3% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 89,259 shares of the iPhone maker’s stock valued at $15,306,000 after purchasing an additional 1,139 shares during the last quarter. Jupiter Asset Management Ltd. grew its position in Apple by 30.4% in the first quarter. Jupiter Asset Management Ltd. now owns 2,297,008 shares of the iPhone maker’s stock valued at $393,891,000 after purchasing an additional 535,917 shares in the last quarter. Finally, Magnolia Wealth Management LLC increased its stake in Apple by 255.2% in the 1st quarter. Magnolia Wealth Management LLC now owns 16,387 shares of the iPhone maker’s stock valued at $2,798,000 after buying an additional 11,774 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. KeyCorp lowered Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price on the stock. in a report on Friday, October 25th. Melius Research reaffirmed a “buy” rating and issued a $265.00 price objective on shares of Apple in a research report on Tuesday, August 27th. Maxim Group upped their target price on Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Jefferies Financial Group cut shares of Apple from a “buy” rating to a “hold” rating and boosted their target price for the company from $205.00 to $212.92 in a research report on Monday, October 7th. Finally, 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 research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus target price of $236.78.

Apple Trading Up 0.4 %

NASDAQ AAPL opened at $247.77 on Wednesday. The stock has a market capitalization of $3.75 trillion, a P/E ratio of 40.75, a P/E/G ratio of 2.38 and a beta of 1.23. Apple Inc. has a one year low of $164.07 and a one year high of $248.21. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The business has a 50 day simple moving average of $230.80 and a 200 day simple moving average of $222.26.

Apple (NASDAQ:AAPL) last issued its 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. The company had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $1.46 EPS. Research analysts expect that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Friday, November 8th. Apple’s payout ratio is presently 16.45%.

Insiders Place Their Bets

In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction that occurred 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 transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $111,148,695.84. This trade represents a 10.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 408,170 shares of company stock valued at $92,007,745. Corporate insiders own 0.06% of the company’s stock.

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.