OMNI 360 Wealth Inc. Grows Stock Holdings in Apple Inc. (NASDAQ:AAPL)

OMNI 360 Wealth Inc. grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 19.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,858 shares of the iPhone maker’s stock after acquiring an additional 3,233 shares during the period. Apple comprises approximately 3.0% of OMNI 360 Wealth Inc.’s holdings, making the stock its 7th largest position. OMNI 360 Wealth Inc.’s holdings in Apple were worth $4,627,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. International Assets Investment Management LLC grew its position in shares of Apple by 20,372.7% during the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after purchasing an additional 93,886,664 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in Apple by 14,145.8% during the 2nd quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock valued at $1,603,000 after buying an additional 7,558,826 shares in the last quarter. Pathway Financial Advisers LLC raised its position in shares of Apple by 22,870.6% during the third quarter. Pathway Financial Advisers LLC now owns 5,590,588 shares of the iPhone maker’s stock valued at $1,302,607,000 after buying an additional 5,566,250 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of Apple in the second quarter worth $834,368,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Apple by 6.7% during the second quarter. Ameriprise Financial Inc. now owns 51,765,589 shares of the iPhone maker’s stock worth $10,909,457,000 after acquiring an additional 3,245,281 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Evercore ISI reaffirmed a “buy” rating and issued a $250.00 target price on shares of Apple in a report on Thursday, September 26th. Morgan Stanley reaffirmed an “overweight” rating and issued a $273.00 price objective on shares of Apple in a research note on Friday, December 13th. UBS Group reaffirmed a “neutral” rating and set a $236.00 price objective on shares of Apple in a report on Monday, December 2nd. Wedbush raised their target price on shares of Apple from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Jefferies Financial Group downgraded shares of Apple from a “buy” rating to a “hold” rating and upped their price target for the company from $205.00 to $212.92 in a research note on Monday, October 7th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $237.47.

Insiders Place Their Bets

In related news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 508,170 shares of company stock worth $117,004,745. 0.06% of the stock is owned by insiders.

Apple Price Performance

NASDAQ AAPL opened at $259.02 on Friday. The company has a 50-day moving average price of $237.00 and a two-hundred day moving average price of $227.21. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10. The stock has a market cap 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 company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 prior year, the firm posted $1.46 EPS. Apple’s revenue was up 6.1% compared to the same quarter last year. Analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s payout ratio is 16.45%.

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.