Apple Inc. (NASDAQ:AAPL) Shares Purchased by Williams & Novak LLC

Williams & Novak LLC grew its holdings in Apple Inc. (NASDAQ:AAPL) by 14.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,708 shares of the iPhone maker’s stock after purchasing an additional 1,604 shares during the quarter. Apple comprises about 2.8% of Williams & Novak LLC’s investment portfolio, making the stock its 6th largest position. Williams & Novak LLC’s holdings in Apple were worth $2,961,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AAPL. Hershey Financial Advisers LLC acquired a new position in Apple during the 2nd quarter worth $42,000. Hoese & Co LLP raised its position in shares of Apple by 6.7% during the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after acquiring an additional 57 shares during the last quarter. Sage Financial Group Inc. acquired a new position in shares of Apple during the second quarter valued at $206,000. Benchmark Wealth Management LLC bought a new position in Apple in the second quarter valued at about $208,000. Finally, SMH Capital Advisors Inc. acquired a new stake in Apple in the second quarter worth about $209,000. Institutional investors own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of research reports. Rosenblatt Securities upped their target price on shares of Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $273.00 price objective on shares of Apple in a research note on Tuesday, September 10th. Melius Research reiterated a “buy” rating and set a $265.00 target price on shares of Apple in a research report on Tuesday, August 27th. TD Cowen raised their price target on Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Wedbush reiterated an “outperform” rating and issued a $285.00 price objective on shares of Apple in a report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.25.

Insider Buying and Selling

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. The trade was a 6.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 61,019 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total value of $13,802,497.80. Following the completion of the sale, the senior vice president now owns 187,043 shares in the company, valued at $42,309,126.60. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 408,170 shares of company stock worth $92,007,745. Insiders own 0.06% of the company’s stock.

Apple Stock Up 0.6 %

Shares of AAPL stock opened at $229.87 on Monday. The firm’s fifty day moving average price is $227.73 and its two-hundred day moving average price is $218.30. 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 Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The firm has a market capitalization of $3.47 trillion, a P/E ratio of 37.81, a PEG ratio of 2.24 and a beta of 1.24.

Apple (NASDAQ:AAPL) last released 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. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the previous year, the business earned $1.46 earnings per share. Apple’s quarterly revenue was up 6.1% on a year-over-year basis. On average, equities analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Apple’s dividend payout ratio is presently 16.45%.

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.