Apple Inc. (NASDAQ:AAPL) Shares Bought by Crumly & Associates Inc.

Crumly & Associates Inc. lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,594 shares of the iPhone maker’s stock after acquiring an additional 826 shares during the period. Apple accounts for about 1.3% of Crumly & Associates Inc.’s holdings, making the stock its 29th biggest position. Crumly & Associates Inc.’s holdings in Apple were worth $4,565,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. International Assets Investment Management LLC increased its holdings in shares of Apple by 20,372.7% in the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after purchasing an additional 93,886,664 shares during the period. Strategic Financial Concepts LLC increased its stake in Apple by 14,145.8% in the 2nd quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock valued at $1,603,000 after buying an additional 7,558,826 shares during the period. Pathway Financial Advisers LLC raised its position in Apple by 22,870.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 5,590,588 shares of the iPhone maker’s stock worth $1,302,607,000 after buying an additional 5,566,250 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Apple in the 2nd quarter worth $834,368,000. Finally, National Pension Service boosted its holdings in shares of Apple by 14.0% in the third quarter. National Pension Service now owns 27,882,996 shares of the iPhone maker’s stock valued at $6,496,738,000 after acquiring an additional 3,416,922 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Trading Down 0.5 %

Shares of AAPL stock opened at $233.28 on Wednesday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The firm has a market capitalization of $3.53 trillion, a PE ratio of 38.37, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The stock has a fifty day moving average of $240.63 and a two-hundred day moving average of $230.52. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87.

Apple (NASDAQ:AAPL) last released 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 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 earned $1.46 EPS. Apple’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The company also recently disclosed 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 was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. Apple’s dividend payout ratio (DPR) is 16.45%.

Insider Activity at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction 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 sale, the chief operating officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, 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. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AAPL shares. KeyCorp cut Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price on the stock. in a research report on Friday, October 25th. Bank of America reaffirmed a “buy” rating and set a $256.00 price objective on shares of Apple in a report on Friday, January 3rd. Sanford C. Bernstein raised their target price on Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Jefferies Financial Group cut shares of Apple from a “buy” rating to a “hold” rating and upped their price target for the stock from $205.00 to $212.92 in a research note on Monday, October 7th. Finally, Barclays raised their price objective on shares of Apple to $184.00 and gave the company a “sell” rating in a research note on Friday, January 10th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $239.85.

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.