Wiser Advisor Group LLC Has $5.98 Million Position in Apple Inc. (NASDAQ:AAPL)

Wiser Advisor Group LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,642 shares of the iPhone maker’s stock after acquiring an additional 150 shares during the period. Apple makes up about 8.9% of Wiser Advisor Group LLC’s investment portfolio, making the stock its largest holding. Wiser Advisor Group LLC’s holdings in Apple were worth $5,975,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in shares of Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after acquiring an additional 93,886,664 shares during the period. Strategic Financial Concepts LLC raised its position in shares of Apple by 14,145.8% in the 2nd quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock valued at $1,603,000 after buying an additional 7,558,826 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after buying an additional 5,893,741 shares in the last quarter. Pathway Financial Advisers LLC raised its position in shares of Apple by 22,870.6% in the 3rd quarter. Pathway Financial Advisers LLC now owns 5,590,588 shares of the iPhone maker’s stock valued at $1,302,607,000 after buying an additional 5,566,250 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new stake in shares of Apple during the 2nd quarter valued at approximately $834,368,000. Institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

AAPL stock opened at $228.01 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The business has a 50-day moving average price of $241.68 and a 200 day moving average price of $230.86. The company has a market capitalization of $3.43 trillion, a P/E ratio of 36.19, a PEG ratio of 2.36 and a beta of 1.20. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, equities research analysts forecast that Apple Inc. will post 7.33 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Monday, February 10th. Apple’s payout ratio is 15.87%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AAPL. JPMorgan Chase & Co. boosted their target price on shares of Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday. Needham & Company LLC reissued a “buy” rating and set a $260.00 target price on shares of Apple in a report on Friday. Raymond James boosted their target price on shares of Apple to $250.00 and gave the stock a “buy” rating in a report on Monday, January 20th. StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, UBS Group reaffirmed a “neutral” rating and issued a $236.00 price objective on shares of Apple in a research note on Monday, December 2nd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $242.52.

Insider Transactions at Apple

In other news, insider Chris Kondo sold 4,130 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of the firm’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 value of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

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.