Graham Capital Wealth Management LLC Buys 164 Shares of Apple Inc. (NASDAQ:AAPL)

Graham Capital Wealth Management LLC grew its stake in Apple Inc. (NASDAQ:AAPL) by 5.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,150 shares of the iPhone maker’s stock after acquiring an additional 164 shares during the quarter. Apple accounts for 0.8% of Graham Capital Wealth Management LLC’s holdings, making the stock its 26th biggest position. Graham Capital Wealth Management LLC’s holdings in Apple were worth $734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Symmetry Inc grew its position in Apple by 0.5% in the second quarter. Financial Symmetry Inc now owns 11,796 shares of the iPhone maker’s stock valued at $2,484,000 after purchasing an additional 62 shares in the last quarter. CVA Family Office LLC grew its holdings in shares of Apple by 7.4% in the 2nd quarter. CVA Family Office LLC now owns 51,628 shares of the iPhone maker’s stock valued at $10,874,000 after acquiring an additional 3,573 shares in the last quarter. Hilltop National Bank increased its position in shares of Apple by 1.0% in the second quarter. Hilltop National Bank now owns 41,290 shares of the iPhone maker’s stock valued at $8,696,000 after acquiring an additional 409 shares during the last quarter. CWM LLC raised its holdings in Apple by 2.4% during the second quarter. CWM LLC now owns 2,000,264 shares of the iPhone maker’s stock worth $421,296,000 after acquiring an additional 45,968 shares in the last quarter. Finally, Fiduciary Alliance LLC boosted its position in Apple by 8.2% during the second quarter. Fiduciary Alliance LLC now owns 160,336 shares of the iPhone maker’s stock valued at $35,317,000 after purchasing an additional 12,086 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AAPL. Evercore ISI reissued a “buy” rating and issued a $250.00 price objective on shares of Apple in a research report on Thursday, September 26th. Citigroup boosted their price target on Apple to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $273.00 price objective on shares of Apple in a research report on Friday, December 13th. Needham & Company LLC restated a “buy” rating and issued a $260.00 price target on shares of Apple in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company lifted their price objective on shares of Apple to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Two investment 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $237.47.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $259.02 on Friday. 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 company has a market capitalization of $3.92 trillion, a price-to-earnings ratio of 42.60, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The firm has a 50 day moving average of $237.00 and a 200 day moving average of $227.21. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping 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 firm had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. During the same quarter in the previous year, the business posted $1.46 EPS. Apple’s revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts predict that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Friday, November 8th. Apple’s payout ratio is 16.45%.

Insiders Place Their Bets

In related news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now directly owns 15,419 shares in the company, valued at approximately $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. In the last ninety days, insiders sold 508,170 shares of company stock valued at $117,004,745. 0.06% of the stock is owned by insiders.

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.