Boyd Wealth Management LLC Increases Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Boyd Wealth Management LLC boosted its stake in Apple Inc. (NASDAQ:AAPL) by 3.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,459 shares of the iPhone maker’s stock after buying an additional 131 shares during the quarter. Apple makes up 0.5% of Boyd Wealth Management LLC’s investment portfolio, making the stock its 24th largest holding. Boyd Wealth Management LLC’s holdings in Apple were worth $1,039,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of AAPL. Bull Oak Capital LLC increased its position in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after acquiring an additional 111 shares during the last quarter. Hershey Financial Advisers LLC bought a new position in Apple in the 2nd quarter valued at $42,000. Christopher J. Hasenberg Inc increased its position in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after purchasing an additional 144 shares during the last quarter. Cordant Inc. increased its position in shares of Apple by 34.3% during the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock valued at $158,000 after purchasing an additional 173 shares during the last quarter. Finally, Sage Financial Group Inc. bought a new stake in shares of Apple during the 2nd quarter worth $206,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AAPL has been the subject of several research reports. Wedbush increased their price target on shares of Apple from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Thursday, December 26th. New Street Research restated a “neutral” rating and set a $225.00 price target on shares of Apple in a research note on Wednesday, September 25th. KeyCorp cut shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price target on the stock. in a report on Friday, October 25th. Rosenblatt Securities increased their price objective on Apple from $261.00 to $262.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Monness Crespi & Hardt restated a “buy” rating and issued a $245.00 target price on shares of Apple in a research note on Monday, September 9th. Two research 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 given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $237.47.

Insiders Place Their Bets

In other Apple news, CFO Luca Maestri sold 59,305 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares in the company, valued at $24,416,137.76. This represents a 35.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 163,435 shares of company stock valued at $39,376,002 over the last 90 days. Insiders own 0.06% of the company’s stock.

Apple Trading Down 0.7 %

Shares of AAPL opened at $250.42 on Thursday. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10. The company has a market capitalization of $3.79 trillion, a P/E ratio of 41.19, a P/E/G ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The firm’s 50 day simple moving average is $238.41 and its 200 day simple moving average is $228.58.

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

Apple Announces Dividend

The company 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 was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. Apple’s payout ratio is 16.45%.

Apple Company 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.