Frazier Financial Advisors LLC Buys 1,682 Shares of Apple Inc. (NASDAQ:AAPL)

Frazier Financial Advisors LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 13.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,361 shares of the iPhone maker’s stock after buying an additional 1,682 shares during the period. Apple makes up approximately 2.6% of Frazier Financial Advisors LLC’s investment portfolio, making the stock its 10th biggest holding. Frazier Financial Advisors LLC’s holdings in Apple were worth $3,346,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Lantz Financial LLC increased its stake in shares of Apple by 8.6% in the second quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock worth $6,266,000 after acquiring an additional 2,361 shares during the period. Leonard Rickey Investment Advisors P.L.L.C. grew its position in Apple by 7.4% during the 2nd quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 11,422 shares of the iPhone maker’s stock worth $2,406,000 after purchasing an additional 787 shares during the period. Pathway Financial Advisors LLC raised its stake in shares of Apple by 0.5% during the 2nd quarter. Pathway Financial Advisors LLC now owns 21,243 shares of the iPhone maker’s stock valued at $4,474,000 after buying an additional 104 shares during the last quarter. LVZ Inc. lifted its holdings in shares of Apple by 21.5% in the 2nd quarter. LVZ Inc. now owns 23,892 shares of the iPhone maker’s stock valued at $5,032,000 after buying an additional 4,234 shares during the period. Finally, JB Capital LLC boosted its stake in shares of Apple by 14.0% in the second quarter. JB Capital LLC now owns 150,216 shares of the iPhone maker’s stock worth $31,638,000 after buying an additional 18,429 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 4,130 shares of the stock in a transaction dated 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 transaction, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were 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 $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Apple Trading Down 0.4 %

Shares of AAPL stock opened at $222.78 on Friday. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The stock has a market cap of $3.35 trillion, a price-to-earnings ratio of 36.64, a PEG ratio of 2.19 and a beta of 1.20. The company’s 50-day moving average price is $240.97 and its 200-day moving average price is $230.72. 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 (NASDAQ:AAPL) last posted 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 analyst estimates of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. Apple’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.46 EPS. As a group, equities analysts predict that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.45%. Apple’s dividend payout ratio (DPR) is 16.45%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AAPL shares. Monness Crespi & Hardt lifted their price target on Apple to $245.00 and gave the company a “buy” rating in a research report on Wednesday. Sanford C. Bernstein boosted their target price on shares of Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Bank of America restated a “buy” rating and set a $253.00 price target (down previously from $256.00) on shares of Apple in a research report on Friday. Wells Fargo & Company upped their price objective on shares of Apple to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Wedbush restated an “outperform” rating and set a $325.00 target price on shares of Apple in a research report on Thursday. Four equities research 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. Based on data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average price target of $238.05.

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.