Apple Inc. (NASDAQ:AAPL) Shares Purchased by Geller Advisors LLC

Geller Advisors LLC grew its position in Apple Inc. (NASDAQ:AAPL) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,022 shares of the iPhone maker’s stock after purchasing an additional 2,723 shares during the period. Apple makes up approximately 1.1% of Geller Advisors LLC’s holdings, making the stock its 11th largest holding. Geller Advisors LLC’s holdings in Apple were worth $15,383,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. 1620 Investment Advisors Inc. grew its holdings in Apple by 0.5% during the third quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock worth $2,249,000 after acquiring an additional 45 shares during the period. Carolina Wealth Advisors LLC grew its holdings in Apple by 1.3% during the third quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock worth $813,000 after acquiring an additional 46 shares during the period. Verus Financial Partners Inc. grew its holdings in Apple by 0.3% during the second quarter. Verus Financial Partners Inc. now owns 16,929 shares of the iPhone maker’s stock worth $3,566,000 after acquiring an additional 48 shares during the period. Menard Financial Group LLC grew its holdings in Apple by 0.4% during the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock worth $2,848,000 after acquiring an additional 48 shares during the period. Finally, Lowery Thomas LLC grew its holdings in Apple by 0.7% during the second quarter. Lowery Thomas LLC now owns 7,607 shares of the iPhone maker’s stock worth $1,602,000 after acquiring an additional 50 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Up 2.2 %

AAPL opened at $232.62 on Wednesday. The business has a 50 day moving average price of $241.02 and a 200 day moving average price of $231.20. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm has a market cap of $3.49 trillion, a P/E ratio of 36.92, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.43%. The ex-dividend date is Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AAPL. Raymond James lifted their price target on Apple to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 20th. Citigroup lifted their price target on Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. UBS Group reissued a “neutral” rating and issued a $236.00 price target on shares of Apple in a research note on Monday, December 2nd. Maxim Group lifted their price target on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Finally, Evercore ISI lifted their price target on Apple from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $242.52.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction that occurred 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 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares in the company, 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. Company insiders own 0.06% of the company’s stock.

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.