Apple Inc. (NASDAQ:AAPL) Stock Holdings Boosted by Talbot Financial LLC

Talbot Financial LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 378,843 shares of the iPhone maker’s stock after buying an additional 733 shares during the period. Apple accounts for approximately 10.7% of Talbot Financial LLC’s holdings, making the stock its 2nd biggest holding. Talbot Financial LLC’s holdings in Apple were worth $88,270,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brookstone Capital Management grew its holdings in shares of Apple by 2.6% during the 3rd quarter. Brookstone Capital Management now owns 583,413 shares of the iPhone maker’s stock worth $135,935,000 after purchasing an additional 14,969 shares during the period. Trust Co of Kansas lifted its position in Apple by 7.2% during the third quarter. Trust Co of Kansas now owns 42,829 shares of the iPhone maker’s stock valued at $9,979,000 after buying an additional 2,865 shares in the last quarter. Reliant Investment Management LLC grew its stake in Apple by 0.8% during the third quarter. Reliant Investment Management LLC now owns 44,787 shares of the iPhone maker’s stock worth $10,435,000 after buying an additional 359 shares during the period. O Keefe Stevens Advisory Inc. lifted its holdings in shares of Apple by 49.5% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 4,168 shares of the iPhone maker’s stock valued at $971,000 after acquiring an additional 1,380 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC boosted its position in Apple by 0.5% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 55,477 shares of the iPhone maker’s stock worth $12,926,000 after purchasing an additional 262 shares during the period. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Chris Kondo sold 4,130 shares of the firm’s 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 completion of the transaction, the insider now owns 15,419 shares in the company, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Katherine L. Adams sold 61,019 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the transaction, the senior vice president now owns 187,043 shares in the company, valued at approximately $42,309,126.60. The trade was a 24.60 % 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 valued at $92,007,745 over the last 90 days. 0.06% of the stock is owned by company insiders.

Apple Stock Performance

NASDAQ:AAPL opened at $232.87 on Tuesday. 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 firm has a 50-day moving average price of $228.06 and a 200 day moving average price of $218.64. The firm has a market capitalization of $3.52 trillion, a PE ratio of 38.30, a price-to-earnings-growth ratio of 2.25 and a beta of 1.24. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.49.

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

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. Apple’s payout ratio is currently 16.45%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AAPL shares. Loop Capital decreased their price target on Apple from $300.00 to $275.00 and set a “buy” rating for the company in a report on Monday, November 4th. New Street Research restated a “neutral” rating and issued a $225.00 target price on shares of Apple in a research note on Wednesday, September 25th. Melius Research reaffirmed a “buy” rating and set a $265.00 price target on shares of Apple in a report on Tuesday, August 27th. Piper Sandler reiterated a “neutral” rating and issued a $225.00 price objective on shares of Apple in a report on Wednesday, October 9th. Finally, Rosenblatt Securities raised their target price on Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.25.

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.