American Capital Advisory LLC Buys 917 Shares of Apple Inc. (NASDAQ:AAPL)

American Capital Advisory LLC grew its stake in Apple Inc. (NASDAQ:AAPL) by 3.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,428 shares of the iPhone maker’s stock after buying an additional 917 shares during the quarter. Apple accounts for about 3.4% of American Capital Advisory LLC’s investment portfolio, making the stock its 7th biggest holding. American Capital Advisory LLC’s holdings in Apple were worth $5,925,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of AAPL. Lantz Financial LLC lifted its position in Apple by 8.6% during the 2nd quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock worth $6,266,000 after buying an additional 2,361 shares in the last quarter. New Perspectives Inc raised its stake in shares of Apple by 0.8% during the 2nd quarter. New Perspectives Inc now owns 12,600 shares of the iPhone maker’s stock worth $2,654,000 after purchasing an additional 100 shares in the last quarter. Patrick M Sweeney & Associates Inc. boosted its holdings in shares of Apple by 0.7% in the 2nd quarter. Patrick M Sweeney & Associates Inc. now owns 38,077 shares of the iPhone maker’s stock valued at $8,020,000 after buying an additional 269 shares during the last quarter. Abundance Wealth Counselors grew its stake in shares of Apple by 0.9% in the second quarter. Abundance Wealth Counselors now owns 55,203 shares of the iPhone maker’s stock valued at $11,627,000 after buying an additional 491 shares in the last quarter. Finally, AlphaMark Advisors LLC increased its holdings in Apple by 2.9% during the second quarter. AlphaMark Advisors LLC now owns 12,639 shares of the iPhone maker’s stock worth $2,662,000 after buying an additional 356 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction that occurred 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 owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Chris Kondo sold 4,130 shares of the firm’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 transaction of $945,233.10. Following the completion of the sale, the insider now owns 15,419 shares in the company, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Down 2.4 %

Shares of AAPL opened at $236.85 on Friday. The firm has a 50 day simple moving average of $240.18 and a two-hundred day simple moving average of $229.95. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The company has a market cap of $3.58 trillion, a P/E ratio of 38.96, a P/E/G ratio of 2.41 and a beta of 1.20.

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

Apple Announces Dividend

The business also recently announced 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 0.42%. Apple’s dividend payout ratio (DPR) is currently 16.45%.

Wall Street Analyst Weigh In

A number of analysts have commented on AAPL shares. Piper Sandler reiterated a “neutral” rating and issued a $225.00 price target on shares of Apple in a research note on Wednesday, October 9th. Citigroup raised their target price on shares of Apple to $185.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Maxim Group boosted their price target on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Moffett Nathanson reaffirmed a “sell” rating and issued a $188.00 price objective (down from $202.00) on shares of Apple in a research report on Tuesday. Finally, Rosenblatt Securities lifted their target price on Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.85.

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.