Apple Inc. (NASDAQ:AAPL) Shares Bought by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,020 shares of the iPhone maker’s stock after acquiring an additional 478 shares during the period. Apple makes up approximately 3.6% of Drucker Wealth 3.0 LLC’s holdings, making the stock its 4th largest holding. Drucker Wealth 3.0 LLC’s holdings in Apple were worth $14,917,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AAPL. Heritage Family Offices LLP bought a new stake in Apple during the 2nd quarter worth approximately $3,331,000. Auxano Advisors LLC raised its stake in Apple by 22.3% during the 2nd quarter. Auxano Advisors LLC now owns 142,290 shares of the iPhone maker’s stock worth $29,969,000 after buying an additional 25,949 shares during the period. Ritholtz Wealth Management raised its stake in Apple by 5.8% during the 2nd quarter. Ritholtz Wealth Management now owns 473,925 shares of the iPhone maker’s stock worth $99,818,000 after buying an additional 25,984 shares during the period. Glassy Mountain Advisors Inc. increased its holdings in Apple by 1.8% during the 2nd quarter. Glassy Mountain Advisors Inc. now owns 76,881 shares of the iPhone maker’s stock worth $16,193,000 after purchasing an additional 1,368 shares in the last quarter. Finally, Obermeyer Wood Investment Counsel Lllp increased its holdings in Apple by 1.1% during the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 374,661 shares of the iPhone maker’s stock worth $78,911,000 after purchasing an additional 3,907 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Raymond James raised their price objective on Apple to $250.00 and gave the company a “buy” rating in a report on Monday, January 20th. TD Cowen reissued a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 target price on shares of Apple in a research note on Friday, January 31st. UBS Group reiterated a “neutral” rating and set a $236.00 price target on shares of Apple in a report on Monday, December 2nd. Finally, Morgan Stanley boosted their target price on shares of Apple from $273.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average price target of $242.52.

Apple Trading Up 2.2 %

Shares of AAPL stock opened at $232.62 on Wednesday. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The company has a 50-day simple moving average of $241.02 and a two-hundred day simple moving average of $231.20. The company has a market capitalization of $3.49 trillion, a price-to-earnings ratio of 36.92, a PEG ratio of 2.32 and a beta of 1.20.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

Insider Activity

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

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.