Sensible Money LLC Purchases 15,474 Shares of Apple Inc. (NASDAQ:AAPL)

Sensible Money LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 92.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 32,217 shares of the iPhone maker’s stock after acquiring an additional 15,474 shares during the period. Apple makes up approximately 3.3% of Sensible Money LLC’s investment portfolio, making the stock its 8th largest position. Sensible Money LLC’s holdings in Apple were worth $7,507,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in AAPL. Community Bank of Raymore lifted its stake in Apple by 1.1% in the 3rd quarter. Community Bank of Raymore now owns 17,028 shares of the iPhone maker’s stock valued at $3,968,000 after buying an additional 189 shares in the last quarter. Kowal Investment Group LLC lifted its position in shares of Apple by 3.9% in the third quarter. Kowal Investment Group LLC now owns 49,326 shares of the iPhone maker’s stock valued at $11,493,000 after acquiring an additional 1,862 shares in the last quarter. Tamar Securities LLC boosted its stake in shares of Apple by 39.7% during the third quarter. Tamar Securities LLC now owns 142,900 shares of the iPhone maker’s stock valued at $33,296,000 after acquiring an additional 40,601 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in Apple by 0.3% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 348,894 shares of the iPhone maker’s stock worth $81,292,000 after purchasing an additional 993 shares in the last quarter. Finally, Rheos Capital Works Inc. acquired a new position in Apple in the 3rd quarter valued at about $20,737,000. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Melius Research reiterated a “buy” rating and set a $265.00 price target on shares of Apple in a report on Tuesday, August 27th. Morgan Stanley reiterated an “overweight” rating and issued a $273.00 price target on shares of Apple in a report on Monday, November 25th. Tigress Financial raised their price objective on Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 28th. Bank of America upped their target price on Apple to $256.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Evercore ISI reissued a “buy” rating and issued a $250.00 price target on shares of Apple in a research note on Thursday, September 26th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.68.

Check Out Our Latest Stock Report on AAPL

Insider Activity at Apple

In other news, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction that occurred on Monday, November 18th. The stock was 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 in the company, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 6.39 % decrease in their ownership of the stock. 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 three months. 0.06% of the stock is owned by insiders.

Apple Stock Performance

Shares of AAPL opened at $242.84 on Monday. The firm has a market cap of $3.67 trillion, a price-to-earnings ratio of 39.94, a PEG ratio of 2.38 and a beta of 1.23. 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 business’s 50 day moving average is $230.53 and its two-hundred day moving average is $221.83. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $244.63.

Apple (NASDAQ:AAPLGet Free Report) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. The firm 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 firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.46 earnings per share. Analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The company 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 of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. Apple’s dividend payout ratio (DPR) is 16.45%.

Apple Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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