Apple Inc. (NASDAQ:AAPL) is Princeton Global Asset Management LLC’s 5th Largest Position

Princeton Global Asset Management LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 4.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,160 shares of the iPhone maker’s stock after purchasing an additional 2,257 shares during the quarter. Apple accounts for 2.6% of Princeton Global Asset Management LLC’s investment portfolio, making the stock its 5th largest position. Princeton Global Asset Management LLC’s holdings in Apple were worth $13,551,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Lantz Financial LLC increased its holdings in Apple by 8.6% during the 2nd quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock valued at $6,266,000 after acquiring an additional 2,361 shares in the last quarter. Guardian Asset Advisors LLC lifted its stake in shares of Apple by 0.8% during the second quarter. Guardian Asset Advisors LLC now owns 92,133 shares of the iPhone maker’s stock worth $19,408,000 after purchasing an additional 732 shares in the last quarter. Strong Tower Advisory Services boosted its holdings in Apple by 19.4% in the 2nd quarter. Strong Tower Advisory Services now owns 59,684 shares of the iPhone maker’s stock worth $12,571,000 after acquiring an additional 9,679 shares during the period. PCG Wealth Advisors LLC lifted its position in shares of Apple by 10.6% during the second quarter. PCG Wealth Advisors LLC now owns 9,426 shares of the iPhone maker’s stock worth $1,985,000 after purchasing an additional 907 shares in the last quarter. Finally, Signature Wealth Management Group grew its holdings in Apple by 4.4% during the 2nd quarter. Signature Wealth Management Group now owns 9,129 shares of the iPhone maker’s stock valued at $1,923,000 after purchasing an additional 386 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AAPL shares. Rosenblatt Securities raised their target price on Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Oppenheimer reissued a “buy” rating and issued a $250.00 target price on shares of Apple in a report on Tuesday, October 1st. KeyCorp lowered Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price on the stock. in a research report on Friday, October 25th. Wells Fargo & Company upped their price target on shares of Apple to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $265.00 target price on shares of Apple in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $238.03.

Apple Trading Down 0.2 %

Shares of AAPL opened at $243.36 on Monday. 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 Inc. has a 1-year low of $164.07 and a 1-year high of $260.10. The stock has a market capitalization of $3.68 trillion, a P/E ratio of 40.03, a P/E/G ratio of 2.41 and a beta of 1.20. The business’s 50-day moving average price is $238.91 and its 200 day moving average price is $229.08.

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

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s payout ratio is presently 16.45%.

Insider Buying and Selling at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the transaction, the insider now owns 15,419 shares in the company, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. 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.