Turtle Creek Wealth Advisors LLC Has $15.51 Million Stake in Apple Inc. (NASDAQ:AAPL)

Turtle Creek Wealth Advisors LLC lifted its stake in Apple Inc. (NASDAQ:AAPL) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,556 shares of the iPhone maker’s stock after purchasing an additional 2,909 shares during the quarter. Apple accounts for approximately 3.1% of Turtle Creek Wealth Advisors LLC’s holdings, making the stock its 4th biggest position. Turtle Creek Wealth Advisors LLC’s holdings in Apple were worth $15,508,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Lantz Financial LLC increased its holdings in Apple by 8.6% in 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. Leonard Rickey Investment Advisors P.L.L.C. boosted its stake in shares of Apple by 7.4% in 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 buying an additional 787 shares during the last quarter. Pathway Financial Advisors LLC boosted its position in Apple by 0.5% in the second quarter. Pathway Financial Advisors LLC now owns 21,243 shares of the iPhone maker’s stock worth $4,474,000 after purchasing an additional 104 shares during the last quarter. LVZ Inc. boosted its stake in shares of Apple by 21.5% during the 2nd quarter. LVZ Inc. now owns 23,892 shares of the iPhone maker’s stock worth $5,032,000 after acquiring an additional 4,234 shares during the last quarter. Finally, JB Capital LLC grew its holdings in Apple by 14.0% during the second quarter. JB Capital LLC now owns 150,216 shares of the iPhone maker’s stock valued at $31,638,000 after purchasing an additional 18,429 shares during the period. Institutional investors own 67.73% of the company’s stock.

Insider Activity at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction 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 transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly 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 disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AAPL has been the subject of a number of recent analyst reports. Monness Crespi & Hardt upped their price target on shares of Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday. Maxim Group upped their price objective on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Barclays lowered their price target on shares of Apple from $184.00 to $183.00 and set an “underweight” rating for the company in a report on Wednesday. Loop Capital cut Apple from a “buy” rating to a “hold” rating and set a $230.00 target price for the company. in a report on Tuesday. Finally, Wedbush reaffirmed an “outperform” rating and set a $325.00 price objective on shares of Apple in a research note on Thursday. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $238.05.

Apple Trading Down 0.4 %

Shares of Apple stock opened at $222.78 on Friday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. 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 company has a market cap of $3.35 trillion, a P/E ratio of 36.64, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. The firm has a 50-day simple moving average of $240.97 and a two-hundred day simple moving average of $230.72.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 EPS. As a group, equities analysts predict that Apple Inc. will post 7.43 earnings per share 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 paid a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Apple’s dividend payout ratio is currently 16.45%.

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.