International Private Wealth Advisors LLC Has $3.13 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

International Private Wealth Advisors LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 279.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,429 shares of the iPhone maker’s stock after purchasing an additional 9,893 shares during the quarter. Apple comprises 4.6% of International Private Wealth Advisors LLC’s holdings, making the stock its 3rd biggest position. International Private Wealth Advisors LLC’s holdings in Apple were worth $3,129,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of analysts have recently commented on AAPL shares. Monness Crespi & Hardt upped their price target on Apple to $245.00 and gave the company a “buy” rating in a research note on Wednesday. Oppenheimer reissued a “buy” rating and set a $250.00 target price on shares of Apple in a research note on Tuesday, October 1st. JPMorgan Chase & Co. lowered their target price on Apple from $265.00 to $260.00 and set an “overweight” rating for the company in a research note on Tuesday. Sanford C. Bernstein increased their target price on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Evercore ISI reissued a “buy” rating and set a $250.00 target price on shares of Apple in a research note on Thursday, September 26th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $237.99.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. 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 the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now directly 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 position. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Apple Trading Up 0.5 %

AAPL stock opened at $223.83 on Thursday. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The stock has a market cap of $3.37 trillion, a price-to-earnings ratio of 36.81, a price-to-earnings-growth ratio of 2.25 and a beta of 1.20. The company has a fifty day moving average price of $241.09 and a two-hundred day moving average price of $230.82.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share 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 the consensus estimate of $94.52 billion. During the same quarter last year, the firm earned $1.46 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. Equities analysts anticipate that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders 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 dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio is currently 16.45%.

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.