Wynn Capital LLC Has $7.31 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Wynn Capital LLC grew its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 31,366 shares of the iPhone maker’s stock after acquiring an additional 320 shares during the quarter. Apple makes up about 4.8% of Wynn Capital LLC’s holdings, making the stock its 2nd biggest holding. Wynn Capital LLC’s holdings in Apple were worth $7,308,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Granite Investment Partners LLC increased its holdings in shares of Apple by 2.7% in the second quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker’s stock worth $60,958,000 after buying an additional 7,606 shares during the period. Truist Financial Corp increased its holdings in Apple by 1.8% during the 2nd quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock valued at $1,473,224,000 after purchasing an additional 126,210 shares during the period. EP Wealth Advisors LLC increased its holdings in Apple by 5.2% during the 2nd quarter. EP Wealth Advisors LLC now owns 1,928,110 shares of the iPhone maker’s stock valued at $406,099,000 after purchasing an additional 95,235 shares during the period. GAMMA Investing LLC increased its holdings in Apple by 34.9% during the 3rd quarter. GAMMA Investing LLC now owns 200,214 shares of the iPhone maker’s stock valued at $46,650,000 after purchasing an additional 51,842 shares during the period. Finally, Bellwether Advisors LLC increased its holdings in Apple by 387.3% during the 2nd quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker’s stock valued at $5,128,000 after purchasing an additional 19,352 shares during the period. Institutional investors own 60.41% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of research analyst reports. Citigroup boosted their price target on Apple to $185.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Wedbush restated an “outperform” rating and set a $300.00 price target on shares of Apple in a report on Friday. KeyCorp downgraded Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price target on the stock. in a report on Friday, October 25th. New Street Research restated a “neutral” rating and set a $225.00 price target on shares of Apple in a report on Wednesday, September 25th. Finally, UBS Group lifted their price objective on Apple to $236.00 and gave the company a “hold” rating in a research report on Tuesday, November 12th. Two 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 issued a strong buy rating to the company. According to data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $235.68.

Insider Activity at Apple

In other news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Katherine L. Adams sold 61,019 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $42,309,126.60. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 408,170 shares of company stock valued at $92,007,745. Insiders own 0.06% of the company’s stock.

Apple Stock Up 1.0 %

AAPL opened at $237.33 on Friday. The firm has a 50-day simple moving average of $229.02 and a two-hundred day simple moving average of $219.81. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.81. The company has a market capitalization of $3.59 trillion, a PE ratio of 39.03, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the prior year, the firm earned $1.46 EPS. The business’s revenue was up 6.1% on a year-over-year basis. Analysts forecast that Apple Inc. will post 7.43 earnings per share for the current fiscal 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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date was Friday, November 8th. Apple’s payout ratio is 16.45%.

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.