20,662 Shares in Apple Inc. (NASDAQ:AAPL) Acquired by Proactive Wealth Strategies LLC

Proactive Wealth Strategies LLC purchased a new position in shares of Apple Inc. (NASDAQ:AAPL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 20,662 shares of the iPhone maker’s stock, valued at approximately $4,814,000. Apple comprises approximately 2.7% of Proactive Wealth Strategies LLC’s portfolio, making the stock its 5th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bull Oak Capital LLC lifted its stake in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares during the last quarter. Hershey Financial Advisers LLC bought a new stake in Apple during the 2nd quarter valued at $42,000. Christopher J. Hasenberg Inc raised its position in Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after purchasing an additional 144 shares in the last quarter. ARK Investment Management LLC bought a new stake in Apple during the 3rd quarter valued at $110,000. Finally, Cordant Inc. raised its position in Apple by 34.3% during the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock valued at $158,000 after purchasing an additional 173 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Apple Stock Up 0.8 %

Apple stock opened at $229.98 on Monday. 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 business’s 50-day simple moving average is $241.01 and its two-hundred day simple moving average is $230.72. The company has a market cap of $3.46 trillion, a PE ratio of 37.83, a PEG ratio of 2.32 and a beta of 1.20. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. The business had revenue of $94.93 billion during 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 company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 EPS. Equities analysts anticipate that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors 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 yield of 0.43%. Apple’s payout ratio is 16.45%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AAPL. Piper Sandler reaffirmed a “neutral” rating and set a $225.00 target price on shares of Apple in a research report on Wednesday, October 9th. Barclays lifted their target price on Apple to $184.00 and gave the company a “sell” rating in a research report on Friday, January 10th. Citigroup lifted their target price on Apple to $185.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Bank of America reiterated a “buy” rating and issued a $256.00 price target on shares of Apple in a report on Friday, January 3rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $239.85.

Insider Buying and Selling

In other Apple 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 transaction 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade 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 currently owned by insiders.

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.