Apple Inc. (NASDAQ:AAPL) Shares Bought by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,529 shares of the iPhone maker’s stock after acquiring an additional 1,718 shares during the quarter. Apple accounts for about 3.2% of Greenwich Wealth Management LLC’s holdings, making the stock its 6th largest position. Greenwich Wealth Management LLC’s holdings in Apple were worth $48,121,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Fullcircle Wealth LLC raised its position in Apple by 1.2% during the third quarter. Fullcircle Wealth LLC now owns 26,597 shares of the iPhone maker’s stock valued at $6,208,000 after buying an additional 312 shares during the period. BluePath Capital Management LLC increased its holdings in shares of Apple by 2.5% in the 3rd quarter. BluePath Capital Management LLC now owns 14,430 shares of the iPhone maker’s stock valued at $3,362,000 after purchasing an additional 352 shares during the period. Visionary Horizons LLC lifted its position in shares of Apple by 4.0% in the third quarter. Visionary Horizons LLC now owns 5,125 shares of the iPhone maker’s stock worth $1,194,000 after purchasing an additional 196 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in Apple by 1.4% during the third quarter. Chicago Partners Investment Group LLC now owns 241,004 shares of the iPhone maker’s stock valued at $55,614,000 after purchasing an additional 3,275 shares in the last quarter. Finally, Phillips Wealth Planners LLC increased its stake in Apple by 4.7% in the 3rd quarter. Phillips Wealth Planners LLC now owns 5,681 shares of the iPhone maker’s stock valued at $1,317,000 after buying an additional 255 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Trading Down 0.2 %

Shares of AAPL stock opened at $243.36 on Friday. The company has a market capitalization of $3.68 trillion, a P/E ratio of 40.03, a P/E/G ratio of 2.41 and a beta of 1.20. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. 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 $238.91 and a 200 day moving average price of $228.87.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping 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 business had revenue of $94.93 billion for 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. Apple’s revenue was up 6.1% compared to the same quarter last year. Research analysts forecast that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a $0.25 dividend. 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 0.41%. Apple’s dividend payout ratio is 16.45%.

Analysts Set New Price Targets

AAPL has been the topic of several research analyst reports. UBS Group restated a “neutral” rating and set a $236.00 price target on shares of Apple in a report on Monday, December 2nd. Oppenheimer restated a “buy” rating and issued a $250.00 target price on shares of Apple in a research note on Tuesday, October 1st. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Rosenblatt Securities boosted their price target on Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Barclays cut their price objective on shares of Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, November 1st. Two investment 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $238.03.

Insiders Place Their Bets

In other news, 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 $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

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.