Atwater Malick LLC Has $26.03 Million Position in Apple Inc. (NASDAQ:AAPL)

Atwater Malick LLC raised its stake in Apple Inc. (NASDAQ:AAPL) by 1.3% in the third quarter, Holdings Channel reports. The firm owned 111,726 shares of the iPhone maker’s stock after acquiring an additional 1,443 shares during the quarter. Apple comprises approximately 8.4% of Atwater Malick LLC’s investment portfolio, making the stock its biggest position. Atwater Malick LLC’s holdings in Apple were worth $26,032,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Perfromance Wealth Partners LLC lifted its position in shares of Apple by 0.9% in the third quarter. Perfromance Wealth Partners LLC now owns 4,160,187 shares of the iPhone maker’s stock valued at $969,324,000 after buying an additional 38,892 shares during the last quarter. Level Financial Advisors acquired a new stake in shares of Apple in the third quarter valued at approximately $2,158,000. Lloyd Advisory Services LLC. lifted its position in shares of Apple by 7.9% in the third quarter. Lloyd Advisory Services LLC. now owns 8,908 shares of the iPhone maker’s stock valued at $2,075,000 after buying an additional 656 shares during the last quarter. First Affirmative Financial Network lifted its position in shares of Apple by 19.4% in the third quarter. First Affirmative Financial Network now owns 27,252 shares of the iPhone maker’s stock valued at $6,350,000 after buying an additional 4,432 shares during the last quarter. Finally, RFG Holdings Inc. lifted its holdings in Apple by 2.2% during the 3rd quarter. RFG Holdings Inc. now owns 9,177 shares of the iPhone maker’s stock worth $2,140,000 after purchasing an additional 200 shares during the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AAPL. Loop Capital dropped their price target on Apple from $300.00 to $275.00 and set a “buy” rating for the company in a report on Monday, November 4th. Rosenblatt Securities lifted their price target on Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a report on Friday, November 1st. KeyCorp cut Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price target for the company. in a report on Friday, October 25th. Tigress Financial lifted their price target on Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 28th. Finally, Maxim Group lifted their price target on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $235.68.

Insider Buying and Selling

In other Apple news, SVP Katherine L. Adams sold 61,019 shares of Apple stock in a transaction dated Wednesday, October 2nd. The stock was 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 approximately $42,309,126.60. The trade was a 24.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction dated 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 in the company, valued at $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 408,170 shares of company stock worth $92,007,745 in the last 90 days. Insiders own 0.06% of the company’s stock.

Apple Trading Up 1.0 %

Shares of AAPL stock opened at $237.33 on Friday. The firm has a market capitalization of $3.59 trillion, a P/E ratio of 39.03, a P/E/G ratio of 2.30 and a beta of 1.24. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.81. 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’s fifty day simple moving average is $229.02 and its 200 day simple moving average is $219.81.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. Apple’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 EPS. As a group, sell-side analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal 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 dividend on an annualized basis and a yield of 0.42%. Apple’s dividend payout ratio is currently 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.