Vestia Personal Wealth Advisors grew its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,591 shares of the iPhone maker’s stock after purchasing an additional 347 shares during the period. Apple comprises approximately 1.6% of Vestia Personal Wealth Advisors’ holdings, making the stock its 15th largest holding. Vestia Personal Wealth Advisors’ holdings in Apple were worth $2,002,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Bull Oak Capital LLC grew its stake in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares in the last quarter. Hershey Financial Advisers LLC bought a new position in shares of Apple during the 2nd quarter worth $42,000. Christopher J. Hasenberg Inc increased its stake in shares of Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after buying an additional 144 shares during the period. ARK Investment Management LLC bought a new stake in shares of Apple in the third quarter valued at about $110,000. Finally, Cordant Inc. lifted its stake in Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock worth $158,000 after acquiring an additional 173 shares during the period. 67.73% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. Oppenheimer restated a “buy” rating and issued a $250.00 price target on shares of Apple in a report on Tuesday, October 1st. Piper Sandler reissued a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research note on Wednesday, October 9th. New Street Research reaffirmed a “neutral” rating and set a $225.00 target price on shares of Apple in a research report on Wednesday, September 25th. Citigroup boosted their price target on Apple to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Moffett Nathanson reaffirmed a “sell” rating and set a $188.00 price objective (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $239.85.
Insider Transactions at Apple
In other news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction 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 $97,474,301.68. This 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 company’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 completion of the transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.
Apple Trading Up 0.8 %
NASDAQ AAPL opened at $229.98 on Friday. The company has a fifty day moving average of $241.01 and a 200 day moving average of $230.65. The company has a market capitalization of $3.48 trillion, a PE ratio of 37.83, a P/E/G ratio of 2.32 and a beta of 1.20. 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 Inc. has a 1 year low of $164.07 and a 1 year high of $260.10.
Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. The business 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 company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 EPS. Research analysts forecast that Apple Inc. will post 7.43 earnings per share for the current year.
Apple Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.43%. Apple’s dividend payout ratio is presently 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.
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