Apple Inc. (NASDAQ:AAPL) Shares Purchased by Baugh & Associates LLC

Baugh & Associates LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 2.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,363 shares of the iPhone maker’s stock after buying an additional 1,842 shares during the period. Apple comprises 8.1% of Baugh & Associates LLC’s investment portfolio, making the stock its 2nd biggest position. Baugh & Associates LLC’s holdings in Apple were worth $15,829,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Blake Schutter Theil Wealth Advisors LLC purchased a new position in shares of Apple during the 3rd quarter valued at approximately $5,721,000. Wealth Architects LLC grew its position in shares of Apple by 7.1% in the third quarter. Wealth Architects LLC now owns 182,203 shares of the iPhone maker’s stock valued at $42,453,000 after purchasing an additional 12,052 shares during the period. Prudent Investors Network Inc. increased its stake in shares of Apple by 14.3% during the third quarter. Prudent Investors Network Inc. now owns 8,774 shares of the iPhone maker’s stock worth $2,044,000 after purchasing an additional 1,096 shares in the last quarter. M&G PLC raised its position in shares of Apple by 42.4% during the 3rd quarter. M&G PLC now owns 292,852 shares of the iPhone maker’s stock worth $68,235,000 after purchasing an additional 87,242 shares during the last quarter. Finally, Two Point Capital Management Inc. boosted its holdings in Apple by 0.7% in the 3rd quarter. Two Point Capital Management Inc. now owns 76,625 shares of the iPhone maker’s stock worth $17,854,000 after buying an additional 505 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insiders Place Their Bets

In related news, COO Jeffrey E. Williams sold 100,000 shares of Apple 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 in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the 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 directly owns 15,419 shares in the company, 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. 0.06% of the stock is owned by company insiders.

Apple Trading Down 2.4 %

NASDAQ AAPL opened at $236.85 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The firm has a market cap of $3.58 trillion, a price-to-earnings ratio of 38.96, a PEG ratio of 2.41 and a beta of 1.20. The firm has a 50 day simple moving average of $240.18 and a 200-day simple moving average of $230.10. Apple Inc. has a one year low of $164.07 and a one year high of $260.10.

Apple (NASDAQ:AAPL) last issued its quarterly 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 analysts’ expectations of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.46 EPS. Equities research analysts anticipate that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.42%. Apple’s payout ratio is 16.45%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Piper Sandler restated a “neutral” rating and issued a $225.00 target price on shares of Apple in a research report on Wednesday, October 9th. Maxim Group increased their target price on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Evercore ISI reaffirmed a “buy” rating and set a $250.00 price objective on shares of Apple in a research note on Thursday, September 26th. Barclays raised their target price on shares of Apple to $184.00 and gave the stock a “sell” rating in a research note on Friday. Finally, Moffett Nathanson restated a “sell” rating and issued a $188.00 price target (down from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $239.85.

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.