Alaska Wealth Advisors Has $3.02 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Alaska Wealth Advisors lowered its stake in Apple Inc. (NASDAQ:AAPL) by 3.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 12,963 shares of the iPhone maker’s stock after selling 400 shares during the period. Apple makes up 0.5% of Alaska Wealth Advisors’ portfolio, making the stock its 25th largest holding. Alaska Wealth Advisors’ holdings in Apple were worth $3,020,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of AAPL. High Net Worth Advisory Group LLC boosted its holdings in Apple by 1.7% in the 3rd quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock valued at $14,916,000 after purchasing an additional 1,066 shares during the period. Granite Investment Partners LLC boosted its stake in shares of Apple by 2.7% in the second quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker’s stock valued at $60,958,000 after buying an additional 7,606 shares during the period. Truist Financial Corp grew its position in Apple by 1.8% during the second quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock worth $1,473,224,000 after buying an additional 126,210 shares in the last quarter. Sterling Investment Counsel LLC raised its holdings in Apple by 3.8% in the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after acquiring an additional 2,565 shares in the last quarter. Finally, Silicon Valley Capital Partners lifted its position in shares of Apple by 12.8% during the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock valued at $59,122,000 after acquiring an additional 28,799 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Up 0.8 %

NASDAQ:AAPL opened at $229.98 on Friday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The firm’s fifty day moving average is $241.01 and its 200-day moving average is $230.65. The firm has a market cap of $3.48 trillion, a P/E ratio of 37.83, a P/E/G ratio of 2.32 and a beta of 1.20.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $94.93 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $1.46 EPS. Equities analysts expect that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.43%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Insiders Place Their Bets

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 transaction, the chief operating officer now 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Chris Kondo sold 4,130 shares of the business’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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of analyst reports. Evercore ISI reaffirmed a “buy” rating and issued a $250.00 price target on shares of Apple in a research note on Thursday, September 26th. Wells Fargo & Company boosted their target price on shares of Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Oppenheimer reiterated a “buy” rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, October 1st. Morgan Stanley restated an “overweight” rating and set a $273.00 price objective on shares of Apple in a research report on Friday, December 13th. Finally, StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $239.85.

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.