Apple Inc. (NASDAQ:AAPL) Shares Acquired by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 22,870.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,590,588 shares of the iPhone maker’s stock after purchasing an additional 5,566,250 shares during the period. Apple makes up 8.4% of Pathway Financial Advisers LLC’s investment portfolio, making the stock its 2nd biggest holding. Pathway Financial Advisers LLC’s holdings in Apple were worth $1,302,607,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fragasso Financial Advisors Inc grew its position in shares of Apple by 0.7% during the 2nd quarter. Fragasso Financial Advisors Inc now owns 289,507 shares of the iPhone maker’s stock valued at $60,976,000 after acquiring an additional 1,901 shares during the period. Trust Co. of Vermont lifted its stake in Apple by 3.6% in the second quarter. Trust Co. of Vermont now owns 583,048 shares of the iPhone maker’s stock valued at $122,802,000 after purchasing an additional 20,160 shares during the last quarter. Lynx Investment Advisory purchased a new position in Apple in the second quarter valued at approximately $5,241,000. New England Research & Management Inc. increased its position in Apple by 10.9% in the second quarter. New England Research & Management Inc. now owns 36,253 shares of the iPhone maker’s stock worth $7,636,000 after buying an additional 3,551 shares during the last quarter. Finally, Fulton Bank N.A. increased its position in Apple by 0.8% in the second quarter. Fulton Bank N.A. now owns 289,575 shares of the iPhone maker’s stock worth $60,990,000 after buying an additional 2,333 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Transactions at Apple

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. This represents a 6.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 508,170 shares of company stock worth $117,004,745. 0.06% of the stock is currently owned by company insiders.

Apple Trading Up 1.1 %

Shares of NASDAQ:AAPL opened at $258.20 on Thursday. The firm has a market capitalization of $3.90 trillion, a price-to-earnings ratio of 42.47, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The business’s 50 day moving average price is $235.93 and its 200-day moving average price is $226.77. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $258.21.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. During the same period in the previous year, the business earned $1.46 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities research analysts forecast that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.39%. Apple’s payout ratio is 16.45%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. UBS Group reiterated a “neutral” rating and issued a $236.00 price target on shares of Apple in a research report on Monday, December 2nd. Tigress Financial increased 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. Citigroup boosted their price objective on shares of Apple to $185.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, New Street Research reiterated a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $236.78.

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.