LifePro Asset Management Has $1.94 Million Stake in Apple Inc. (NASDAQ:AAPL)

LifePro Asset Management increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 9.9% during the third quarter, HoldingsChannel reports. The fund owned 8,313 shares of the iPhone maker’s stock after buying an additional 752 shares during the period. LifePro Asset Management’s holdings in Apple were worth $1,937,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AAPL. Hershey Financial Advisers LLC acquired a new stake in shares of Apple during the second quarter worth $42,000. Hoese & Co LLP raised its holdings in shares of Apple by 6.7% during the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after acquiring an additional 57 shares during the period. Sage Financial Group Inc. acquired a new stake in shares of Apple during the second quarter worth $206,000. Benchmark Wealth Management LLC acquired a new stake in shares of Apple during the second quarter worth $208,000. Finally, SMH Capital Advisors Inc. acquired a new stake in shares of Apple during the second quarter worth $209,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Needham & Company LLC restated a “buy” rating and set a $260.00 price objective on shares of Apple in a report on Friday, November 1st. UBS Group lifted their price target on shares of Apple to $236.00 and gave the company a “hold” rating in a research note on Tuesday, November 12th. Jefferies Financial Group lowered shares of 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 note on Monday, October 7th. Oppenheimer reiterated a “buy” rating and issued a $250.00 price target on shares of Apple in a research note on Tuesday, October 1st. Finally, Maxim Group lifted their price target on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research note 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 company’s stock. According to MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.25.

Apple Stock Performance

Shares of AAPL stock opened at $234.93 on Friday. The company has a market capitalization of $3.55 trillion, a price-to-earnings ratio of 38.64, a PEG ratio of 2.28 and a beta of 1.24. 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 simple moving average of $228.83 and a 200 day simple moving average of $219.23. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 23.97% and a return on equity of 152.94%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.46 EPS. On average, sell-side analysts predict that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio is currently 16.45%.

Insider Buying and Selling at Apple

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. The trade was a 6.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 408,170 shares of company stock valued at $92,007,745 in the last quarter. 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.