PCG Wealth Advisors LLC Purchases 573 Shares of Apple Inc. (NASDAQ:AAPL)

PCG Wealth Advisors LLC increased its position in Apple Inc. (NASDAQ:AAPL) by 6.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,999 shares of the iPhone maker’s stock after buying an additional 573 shares during the period. PCG Wealth Advisors LLC’s holdings in Apple were worth $2,330,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AAPL. Hershey Financial Advisers LLC bought a new position in Apple in the 2nd quarter worth $42,000. Christopher J. Hasenberg Inc boosted its holdings in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after purchasing an additional 144 shares during the last quarter. Hoese & Co LLP boosted its holdings in shares of Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after purchasing an additional 57 shares during the last quarter. Sage Financial Group Inc. bought a new position in shares of Apple during the 2nd quarter valued at about $206,000. Finally, Benchmark Wealth Management LLC bought a new position in shares of Apple during the 2nd quarter valued at about $208,000. Institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling

In other Apple news, 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 of the company’s stock, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders sold a total of 408,170 shares of company stock valued at $92,007,745 over the last 90 days. Insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of AAPL opened at $242.84 on Friday. The company has a market cap of $3.67 trillion, a price-to-earnings ratio of 39.94, a price-to-earnings-growth ratio of 2.38 and a beta of 1.23. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $244.63. 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 company has a 50 day moving average of $230.53 and a two-hundred day moving average of $221.62.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The company 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%. Apple’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm earned $1.46 earnings per share. As a group, analysts predict that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. Apple’s dividend payout ratio is currently 16.45%.

Analyst Ratings Changes

AAPL has been the subject of several research reports. Wedbush reissued an “outperform” rating and set a $300.00 price objective on shares of Apple in a report on Friday, November 29th. KeyCorp downgraded shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price objective for the company. in a report on Friday, October 25th. Maxim Group increased their price objective on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a report on Friday, November 1st. Bank of America upped their target price on shares of Apple to $256.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Piper Sandler restated a “neutral” rating and set a $225.00 target price on shares of Apple in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Apple has an average rating of “Moderate Buy” and an average price target of $235.68.

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.