Apple Inc. (NASDAQ:AAPL) is Barlow Wealth Partners Inc.’s 7th Largest Position

Barlow Wealth Partners Inc. grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% during the third quarter, HoldingsChannel reports. The firm owned 118,888 shares of the iPhone maker’s stock after purchasing an additional 524 shares during the quarter. Apple accounts for approximately 3.4% of Barlow Wealth Partners Inc.’s investment portfolio, making the stock its 7th largest holding. Barlow Wealth Partners Inc.’s holdings in Apple were worth $26,356,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. lifted its stake in shares of Apple by 127.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock worth $12,943,000 after purchasing an additional 42,282 shares in the last quarter. Smart Money Group LLC raised its stake in Apple by 28.5% during the first quarter. Smart Money Group LLC now owns 6,309 shares of the iPhone maker’s stock worth $1,075,000 after acquiring an additional 1,400 shares during the period. Mutual Advisors LLC boosted its stake in Apple by 7.0% in the first quarter. Mutual Advisors LLC now owns 674,326 shares of the iPhone maker’s stock valued at $115,633,000 after acquiring an additional 44,374 shares during the period. Integrity Financial Corp WA grew its holdings in shares of Apple by 5.8% during the first quarter. Integrity Financial Corp WA now owns 29,400 shares of the iPhone maker’s stock valued at $5,041,000 after purchasing an additional 1,622 shares during the last quarter. Finally, Patron Partners LLC raised its position in shares of Apple by 0.6% during the 1st quarter. Patron Partners LLC now owns 48,158 shares of the iPhone maker’s stock worth $8,258,000 after purchasing an additional 265 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Stock Performance

NASDAQ AAPL opened at $235.06 on Wednesday. The company’s fifty day moving average is $228.43 and its two-hundred day moving average is $219.01. The firm has a market capitalization of $3.55 trillion, a price-to-earnings ratio of 38.66, a P/E/G ratio of 2.25 and a beta of 1.24. 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 52-week low of $164.07 and a 52-week high of $237.49.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results 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. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. During the same period in the previous year, the company posted $1.46 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were given 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%.

Analyst Ratings Changes

AAPL has been the subject of several recent research reports. JPMorgan Chase & Co. restated an “overweight” rating and set a $265.00 price target on shares of Apple in a research report on Tuesday, September 10th. Loop Capital reduced their price target on shares of Apple from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Jefferies Financial Group cut Apple from a “buy” rating to a “hold” rating and lifted their price target for the company from $205.00 to $212.92 in a research report on Monday, October 7th. Tigress Financial boosted their price target on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, Oppenheimer reissued a “buy” rating and set a $250.00 target price on shares of Apple in a research note on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $235.25.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 61,019 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the completion of the sale, the senior vice president now directly owns 187,043 shares in the company, valued at approximately $42,309,126.60. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 408,170 shares of company stock valued at $92,007,745. 0.06% of the stock is currently owned by corporate insiders.

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.