Apple Inc. (NASDAQ:AAPL) is Callan Family Office LLC’s 7th Largest Position

Callan Family Office LLC grew its position in Apple Inc. (NASDAQ:AAPL) by 53.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,507 shares of the iPhone maker’s stock after acquiring an additional 25,653 shares during the quarter. Apple comprises about 2.9% of Callan Family Office LLC’s portfolio, making the stock its 7th largest position. Callan Family Office LLC’s holdings in Apple were worth $17,127,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fidelis Capital Partners LLC boosted its stake in Apple by 17.9% in the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after acquiring an additional 31,278 shares in the last quarter. Hershey Financial Advisers LLC acquired a new stake in shares of Apple in the 2nd quarter worth $42,000. Hoese & Co LLP grew its stake in Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after buying an additional 57 shares during the last quarter. Sage Financial Group Inc. acquired a new position in Apple during the 2nd quarter valued at about $206,000. Finally, Benchmark Wealth Management LLC purchased a new stake in Apple in the second quarter valued at about $208,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the sale, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey E. Williams sold 59,730 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the completion of the transaction, the chief operating officer now owns 489,944 shares in the company, valued at approximately $111,148,695.84. This represents a 10.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 408,170 shares of company stock worth $92,007,745 over the last quarter. 0.06% of the stock is currently owned by company insiders.

Apple Stock Up 0.6 %

Shares of AAPL opened at $229.87 on Monday. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.49. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The stock has a fifty day simple moving average of $227.73 and a two-hundred day simple moving average of $218.30. The company has a market capitalization of $3.47 trillion, a PE ratio of 37.81, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The company had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. Apple’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.46 EPS. As a group, equities analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders 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 annualized dividend and a yield of 0.44%. Apple’s dividend payout ratio (DPR) is 16.45%.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of research analyst reports. Wedbush restated an “outperform” rating and set a $285.00 price target on shares of Apple in a research note on Monday, September 9th. JPMorgan Chase & Co. restated an “overweight” rating and set a $265.00 price target on shares of Apple in a research note on Tuesday, September 10th. KeyCorp downgraded shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price objective for the company. in a research note on Friday, October 25th. Oppenheimer reissued a “buy” rating and issued a $250.00 target price on shares of Apple in a research report on Tuesday, October 1st. Finally, TD Cowen lifted 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. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $235.25.

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.