Cambridge Advisors Inc. Acquires 433 Shares of Apple Inc. (NASDAQ:AAPL)

Cambridge Advisors Inc. boosted its stake in Apple Inc. (NASDAQ:AAPL) by 1.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,110 shares of the iPhone maker’s stock after acquiring an additional 433 shares during the period. Apple comprises approximately 2.0% of Cambridge Advisors Inc.’s portfolio, making the stock its 9th largest position. Cambridge Advisors Inc.’s holdings in Apple were worth $9,346,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AAPL. Carolina Wealth Advisors LLC lifted its position in shares of Apple by 1.3% in the third quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock valued at $813,000 after acquiring an additional 46 shares in the last quarter. Verus Financial Partners Inc. grew its holdings in Apple by 0.3% in the second quarter. Verus Financial Partners Inc. now owns 16,929 shares of the iPhone maker’s stock valued at $3,566,000 after purchasing an additional 48 shares during the period. Brown Financial Advisory boosted its holdings in Apple by 3.8% in the second quarter. Brown Financial Advisory now owns 1,364 shares of the iPhone maker’s stock valued at $287,000 after acquiring an additional 50 shares during the last quarter. Core Wealth Management Inc. grew its position in Apple by 1.7% during the second quarter. Core Wealth Management Inc. now owns 2,968 shares of the iPhone maker’s stock valued at $625,000 after acquiring an additional 50 shares during the period. Finally, Lowery Thomas LLC increased its stake in Apple by 0.7% during the second quarter. Lowery Thomas LLC now owns 7,607 shares of the iPhone maker’s stock worth $1,602,000 after acquiring an additional 50 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Up 1.9 %

Shares of Apple stock opened at $254.49 on Monday. 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 business has a 50-day moving average price of $234.97 and a 200 day moving average price of $225.70. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $255.00. The firm has a market cap of $3.85 trillion, a P/E ratio of 41.86, a P/E/G ratio of 2.41 and a beta of 1.23.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share 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 during the quarter, compared to the consensus estimate of $94.52 billion. During the same period in the previous year, the business earned $1.46 EPS. The business’s quarterly revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts forecast that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.39%. Apple’s dividend payout ratio (DPR) is 16.45%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Bank of America lifted their price objective on Apple to $256.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Melius Research reaffirmed a “buy” rating and set a $265.00 price target on shares of Apple in a research report on Tuesday, August 27th. UBS Group reissued a “neutral” rating and issued a $236.00 price objective on shares of Apple in a research report on Monday, December 2nd. Wells Fargo & Company raised their target price on shares of Apple to $275.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Maxim Group upped their price target on shares of Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average target price of $236.78.

Insider Transactions at Apple

In other news, CEO Timothy D. Cook sold 223,986 shares of the 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 sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 6.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the business’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 value of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 508,170 shares of company stock worth $117,004,745. 0.06% of the stock is currently owned by insiders.

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.