Oppenheimer Asset Management Inc. Has $128.33 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Oppenheimer Asset Management Inc. boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 24.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 550,773 shares of the iPhone maker’s stock after acquiring an additional 108,201 shares during the period. Apple accounts for about 1.5% of Oppenheimer Asset Management Inc.’s investment portfolio, making the stock its 5th largest position. Oppenheimer Asset Management Inc.’s holdings in Apple were worth $128,330,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake 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 worth $219,829,700,000 after acquiring an additional 93,886,664 shares during the period. Strategic Financial Concepts LLC lifted its holdings 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 worth $1,603,000 after purchasing an additional 7,558,826 shares in the last quarter. Pathway Financial Advisers LLC boosted its stake in Apple by 22,870.6% in 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 purchasing an additional 5,566,250 shares during the period. William Blair Investment Management LLC purchased a new stake in Apple during the 2nd quarter valued at approximately $834,368,000. Finally, National Pension Service raised its position in shares of Apple by 14.0% during 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 buying an additional 3,416,922 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction 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 transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AAPL shares. Raymond James upped their target price on shares of Apple to $250.00 and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley reissued an “overweight” rating and set a $273.00 price objective on shares of Apple in a report on Friday, December 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 target price on shares of Apple in a report on Tuesday, December 10th. New Street Research reissued a “neutral” rating and set a $225.00 price target on shares of Apple in a research note on Wednesday, September 25th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $225.00 price objective on shares of Apple in a report on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $239.85.

Apple Price Performance

Shares of AAPL opened at $229.98 on Tuesday. 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 company has a 50 day moving average price of $241.01 and a 200-day moving average price of $230.79. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The stock has a market capitalization of $3.48 trillion, a PE ratio of 37.83, a PEG ratio of 2.32 and a beta of 1.20.

Apple (NASDAQ:AAPL) last posted its 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. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. During the same quarter in the prior year, the business earned $1.46 earnings per share. Apple’s revenue was up 6.1% on a year-over-year basis. Equities analysts predict that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid 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 (DPR) is presently 16.45%.

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.