Apple Inc. (NASDAQ:AAPL) Shares Purchased by IAG Wealth Partners LLC

IAG Wealth Partners LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,686 shares of the iPhone maker’s stock after purchasing an additional 57 shares during the quarter. IAG Wealth Partners LLC’s holdings in Apple were worth $1,558,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AAPL. BSW Wealth Partners lifted its stake in shares of Apple by 2.1% in the 3rd quarter. BSW Wealth Partners now owns 102,798 shares of the iPhone maker’s stock valued at $23,952,000 after purchasing an additional 2,134 shares during the last quarter. Nvwm LLC raised its holdings in Apple by 10.8% in the 3rd quarter. Nvwm LLC now owns 70,475 shares of the iPhone maker’s stock valued at $16,421,000 after buying an additional 6,852 shares during the period. Angeles Wealth Management LLC lifted its position in Apple by 6.1% in the third quarter. Angeles Wealth Management LLC now owns 127,059 shares of the iPhone maker’s stock valued at $29,605,000 after buying an additional 7,308 shares during the last quarter. Emerald Advisers LLC boosted its stake in Apple by 6.1% during the third quarter. Emerald Advisers LLC now owns 30,075 shares of the iPhone maker’s stock worth $7,007,000 after buying an additional 1,735 shares during the period. Finally, Van ECK Associates Corp increased its position in shares of Apple by 10.5% during the third quarter. Van ECK Associates Corp now owns 1,121,107 shares of the iPhone maker’s stock valued at $258,707,000 after acquiring an additional 106,701 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $265.00 price objective on shares of Apple in a research report on Tuesday, September 10th. StockNews.com cut Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Loop Capital cut their price objective on Apple from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Moffett Nathanson lowered their target price on Apple from $211.00 to $202.00 and set a “neutral” rating for the company in a report on Tuesday, November 19th. Finally, Rosenblatt Securities boosted their price target on shares of Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average target price of $238.03.

Apple Stock Performance

NASDAQ AAPL opened at $245.00 on Tuesday. The company has a fifty day moving average of $239.15 and a two-hundred day moving average of $229.33. The company has a market capitalization of $3.70 trillion, a PE ratio of 40.30, a P/E/G ratio of 2.41 and a beta of 1.20. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83.

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

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders 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 payout ratio is 16.45%.

Insider Activity at Apple

In related news, insider Chris Kondo sold 4,130 shares of the business’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 transaction, the insider now owns 15,419 shares in the company, valued at $3,528,946.53. The trade was a 21.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the company’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 sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is 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.