Blue Zone Wealth Advisors LLC Purchases 1,298 Shares of Apple Inc. (NASDAQ:AAPL)

Blue Zone Wealth Advisors LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,863 shares of the iPhone maker’s stock after acquiring an additional 1,298 shares during the period. Apple accounts for about 3.8% of Blue Zone Wealth Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Blue Zone Wealth Advisors LLC’s holdings in Apple were worth $12,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of AAPL. China Universal Asset Management Co. Ltd. grew its holdings in Apple by 127.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock worth $12,943,000 after acquiring an additional 42,282 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Apple by 0.4% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 506,642 shares of the iPhone maker’s stock valued at $86,879,000 after purchasing an additional 1,936 shares during the period. Tobam boosted its stake in Apple by 3.9% during the 1st quarter. Tobam now owns 21,459 shares of the iPhone maker’s stock valued at $3,680,000 after purchasing an additional 810 shares in the last quarter. BNP Paribas acquired a new stake in Apple during the first quarter valued at approximately $88,000,000. Finally, Alliance Wealth Management Group increased its stake in Apple by 2.6% in the 1st quarter. Alliance Wealth Management Group now owns 30,094 shares of the iPhone maker’s stock worth $5,160,000 after purchasing an additional 755 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Katherine L. Adams sold 61,019 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the transaction, the senior vice president now directly owns 187,043 shares of the company’s stock, valued at $42,309,126.60. This trade represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 completion of the transaction, the insider now directly owns 15,419 shares in the company, 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. In the last ninety days, insiders sold 408,170 shares of company stock worth $92,007,745. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AAPL shares. Rosenblatt Securities upped their price target on shares of Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays dropped their price target on shares of Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a research report on Friday, November 1st. TD Cowen increased their target price on Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $245.00 target price on shares of Apple in a research note on Monday, September 9th. Finally, Wedbush reissued an “outperform” rating and issued a $285.00 price target on shares of Apple in a report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $235.25.

Apple Trading Up 0.6 %

AAPL opened at $229.87 on Monday. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49. The company has a 50-day simple moving average of $227.73 and a 200 day simple moving average of $218.30. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 37.81, a P/E/G ratio of 2.24 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted 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. 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 quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the company earned $1.46 earnings per share. Analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s payout ratio is 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.