Perfromance Wealth Partners LLC Has $969.32 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Perfromance Wealth Partners LLC raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.9% during the third quarter, HoldingsChannel reports. The firm owned 4,160,187 shares of the iPhone maker’s stock after purchasing an additional 38,892 shares during the period. Apple makes up approximately 33.4% of Perfromance Wealth Partners LLC’s holdings, making the stock its biggest holding. Perfromance Wealth Partners LLC’s holdings in Apple were worth $969,324,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Level Financial Advisors bought a new position in shares of Apple during the 3rd quarter valued at $2,158,000. Lloyd Advisory Services LLC. grew its stake in shares of Apple by 7.9% during 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 increased its holdings 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 worth $6,350,000 after buying an additional 4,432 shares during the period. RFG Holdings Inc. boosted 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 valued at $2,140,000 after acquiring an additional 200 shares during the period. Finally, Wynn Capital LLC grew its position in Apple by 1.0% during the 3rd quarter. Wynn Capital LLC now owns 31,366 shares of the iPhone maker’s stock worth $7,308,000 after acquiring an additional 320 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Analyst Ratings Changes

AAPL has been the subject of several recent research reports. Loop Capital lowered their price objective on Apple from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, November 4th. New Street Research reissued a “neutral” rating and set a $225.00 price target on shares of Apple in a research report on Wednesday, September 25th. Citigroup raised their price target on shares of Apple to $185.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Jefferies Financial Group lowered shares of Apple from a “buy” rating to a “hold” rating and raised their price target for the stock from $205.00 to $212.92 in a report on Monday, October 7th. Finally, Maxim Group raised their price target on shares of Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.68.

Insider Activity at Apple

In other news, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the transaction, the insider now owns 15,419 shares in the company, valued at $3,528,946.53. The trade was a 21.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now 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. In the last quarter, insiders have sold 408,170 shares of company stock valued at $92,007,745. 0.06% of the stock is owned by company insiders.

Apple Stock Performance

AAPL opened at $237.33 on Friday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.81. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $3.59 trillion, a PE ratio of 39.03, a P/E/G ratio of 2.30 and a beta of 1.24. The firm has a 50 day moving average of $229.02 and a two-hundred day moving average of $219.81.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS 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 analysts’ expectations of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $1.46 EPS. On average, analysts anticipate that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date 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%.

About Apple

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.