Apple Inc. (NASDAQ:AAPL) Shares Acquired by Main Line Retirement Advisors LLC

Main Line Retirement Advisors LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 2.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,237 shares of the iPhone maker’s stock after buying an additional 87 shares during the quarter. Apple comprises 0.5% of Main Line Retirement Advisors LLC’s portfolio, making the stock its 19th largest position. Main Line Retirement Advisors LLC’s holdings in Apple were worth $754,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of AAPL. Heritage Family Offices LLP acquired a new stake in Apple during the 2nd quarter valued at approximately $3,331,000. Rice Partnership LLC grew its stake in Apple by 1.0% during the 2nd quarter. Rice Partnership LLC now owns 195,170 shares of the iPhone maker’s stock valued at $41,107,000 after purchasing an additional 1,910 shares in the last quarter. Convergence Investment Partners LLC grew its stake in Apple by 2.7% during the 2nd quarter. Convergence Investment Partners LLC now owns 29,334 shares of the iPhone maker’s stock valued at $6,178,000 after purchasing an additional 769 shares in the last quarter. Willis Johnson & Associates Inc. grew its stake in Apple by 1.9% during the 2nd quarter. Willis Johnson & Associates Inc. now owns 31,205 shares of the iPhone maker’s stock valued at $6,572,000 after purchasing an additional 585 shares in the last quarter. Finally, Rockline Wealth Management LLC grew its stake in Apple by 15.5% during the 2nd quarter. Rockline Wealth Management LLC now owns 146,132 shares of the iPhone maker’s stock valued at $30,778,000 after purchasing an additional 19,601 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other news, insider Chris Kondo sold 4,130 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 15,419 shares of the company’s stock, 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 is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the 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 completion of the transaction, the chief operating officer now directly 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 disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AAPL shares. Monness Crespi & Hardt raised their price objective on Apple to $245.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. KeyCorp reiterated an “underweight” rating and issued a $200.00 target price on shares of Apple in a research report on Friday, January 31st. Barclays lifted their target price on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 target price on shares of Apple in a research report on Friday, January 31st. Finally, Morgan Stanley lifted their target price on Apple from $273.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $242.52.

Apple Price Performance

NASDAQ AAPL opened at $241.53 on Friday. Apple Inc. has a twelve month low of $164.07 and a twelve month 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 stock has a market capitalization of $3.63 trillion, a PE ratio of 38.34, a P/E/G ratio of 2.32 and a beta of 1.20. The stock has a 50-day simple moving average of $240.70 and a 200 day simple moving average of $231.34.

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

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.41%. Apple’s dividend payout ratio (DPR) is 15.87%.

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.