Apple Inc. (NASDAQ:AAPL) Shares Purchased by Tilia Fiduciary Partners Inc.

Tilia Fiduciary Partners Inc. raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.3% during the third quarter, HoldingsChannel.com reports. The firm owned 32,816 shares of the iPhone maker’s stock after acquiring an additional 1,656 shares during the quarter. Apple makes up 5.3% of Tilia Fiduciary Partners Inc.’s portfolio, making the stock its biggest position. Tilia Fiduciary Partners Inc.’s holdings in Apple were worth $7,646,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Hershey Financial Advisers LLC bought a new position in Apple during the second quarter worth about $42,000. Hoese & Co LLP raised its position in shares of Apple by 6.7% in the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after acquiring an additional 57 shares during the period. Sage Financial Group Inc. acquired a new stake in shares of Apple in the 2nd quarter valued at approximately $206,000. Benchmark Wealth Management LLC bought a new position in Apple during the 2nd quarter worth approximately $208,000. Finally, SMH Capital Advisors Inc. acquired a new position in Apple during the second quarter valued at approximately $209,000. Institutional investors own 60.41% of the company’s stock.

Insiders Place Their Bets

In other Apple news, CFO Luca Maestri sold 59,305 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $226.52, for a total value of $13,433,768.60. Following the sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. This trade represents a 35.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Chris Kondo sold 4,130 shares of Apple 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 completion of the transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 408,170 shares of company stock worth $92,007,745 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Apple Price Performance

NASDAQ:AAPL opened at $235.06 on Wednesday. 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 has a market cap 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. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. The firm’s 50-day simple moving average is $228.43 and its 200 day simple moving average is $219.01.

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. The business had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 earnings per share. As a group, sell-side analysts predict that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were given a dividend of $0.25 per share. 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 is 16.45%.

Wall Street Analyst Weigh In

Several research firms have weighed in on AAPL. New Street Research reiterated a “neutral” rating and issued a $225.00 target price on shares of Apple in a report on Wednesday, September 25th. Jefferies Financial Group downgraded Apple from a “buy” rating to a “hold” rating and raised their price objective for the stock from $205.00 to $212.92 in a research note on Monday, October 7th. Piper Sandler reissued a “neutral” rating and issued a $225.00 target price on shares of Apple in a research note on Wednesday, October 9th. Wedbush restated an “outperform” rating and issued a $285.00 price target on shares of Apple in a report on Monday, September 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $260.00 price objective on shares of Apple in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $235.25.

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.