Global Trust Asset Management LLC Buys 1,767 Shares of Apple Inc. (NASDAQ:AAPL)

Global Trust Asset Management LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,833 shares of the iPhone maker’s stock after buying an additional 1,767 shares during the period. Apple makes up about 4.6% of Global Trust Asset Management LLC’s holdings, making the stock its 3rd biggest holding. Global Trust Asset Management LLC’s holdings in Apple were worth $12,310,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AAPL. Cambridge Advisors Inc. increased its position in Apple by 1.1% during the 3rd quarter. Cambridge Advisors Inc. now owns 40,110 shares of the iPhone maker’s stock worth $9,346,000 after purchasing an additional 433 shares in the last quarter. Peoples Bank OH grew its stake in Apple by 0.5% during the third quarter. Peoples Bank OH now owns 32,924 shares of the iPhone maker’s stock worth $7,671,000 after buying an additional 161 shares during the period. Rogco LP increased its position in shares of Apple by 2.9% in the third quarter. Rogco LP now owns 21,288 shares of the iPhone maker’s stock worth $4,960,000 after acquiring an additional 605 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC raised its stake in shares of Apple by 4.3% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 13,223 shares of the iPhone maker’s stock valued at $3,081,000 after acquiring an additional 547 shares during the period. Finally, Mason & Associates Inc lifted its holdings in shares of Apple by 0.3% during the 3rd quarter. Mason & Associates Inc now owns 33,644 shares of the iPhone maker’s stock valued at $7,839,000 after acquiring an additional 88 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Apple

In other news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 508,170 shares of company stock valued at $117,004,745. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AAPL. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price target on shares of Apple in a report on Tuesday, December 10th. Citigroup raised their target price on Apple to $185.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Melius Research restated a “buy” rating and issued a $265.00 price target on shares of Apple in a report on Tuesday, August 27th. Oppenheimer reiterated a “buy” rating and set a $250.00 price objective on shares of Apple in a research note on Tuesday, October 1st. Finally, Bank of America upped their target price on shares of Apple to $256.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $236.78.

Apple Trading Up 1.9 %

Shares of NASDAQ:AAPL 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 company’s 50-day moving average price is $234.97 and its 200 day moving average price is $225.70. The company has a market cap of $3.85 trillion, a PE ratio of 41.86, a P/E/G ratio of 2.41 and a beta of 1.23. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $255.00.

Apple (NASDAQ:AAPL) last posted its 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. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. During the same period last year, the firm earned $1.46 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. Sell-side analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders 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 0.39%. Apple’s dividend payout ratio (DPR) is 16.45%.

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.