Apple Inc. (NASDAQ:AAPL) Stake Increased by Oldfather Financial Services LLC

Oldfather Financial Services LLC boosted its stake in Apple Inc. (NASDAQ:AAPL) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,806 shares of the iPhone maker’s stock after acquiring an additional 142 shares during the period. Apple accounts for 1.2% of Oldfather Financial Services LLC’s portfolio, making the stock its 18th largest position. Oldfather Financial Services LLC’s holdings in Apple were worth $3,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Lantz Financial LLC increased its stake in Apple by 8.6% during the second quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock valued at $6,266,000 after purchasing an additional 2,361 shares during the last quarter. Diversify Advisory Services LLC boosted its holdings in shares of Apple by 3.9% in the 2nd quarter. Diversify Advisory Services LLC now owns 288,767 shares of the iPhone maker’s stock valued at $66,035,000 after buying an additional 10,951 shares during the period. Congress Park Capital LLC boosted its holdings in shares of Apple by 2.7% in the 2nd quarter. Congress Park Capital LLC now owns 46,905 shares of the iPhone maker’s stock valued at $9,879,000 after buying an additional 1,254 shares during the period. FSM Wealth Advisors LLC grew its holdings in shares of Apple by 1.5% during the second quarter. FSM Wealth Advisors LLC now owns 38,446 shares of the iPhone maker’s stock valued at $8,098,000 after purchasing an additional 572 shares during the last quarter. Finally, Cypress Wealth Services LLC grew its stake in Apple by 0.5% during the 2nd quarter. Cypress Wealth Services LLC now owns 132,701 shares of the iPhone maker’s stock worth $27,950,000 after buying an additional 725 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Down 0.7 %

Shares of Apple stock opened at $250.42 on Thursday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The company has a market cap of $3.79 trillion, a P/E ratio of 41.19, a P/E/G ratio of 2.41 and a beta of 1.23. 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 stock has a 50-day moving average price of $238.41 and a 200 day moving average price of $228.58.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $94.52 billion. During the same period in the prior year, the firm earned $1.46 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year. As a group, analysts expect that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio (DPR) is currently 16.45%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AAPL shares. Piper Sandler reiterated a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research report on Wednesday, October 9th. Wedbush boosted their price objective on Apple from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Thursday, December 26th. Barclays lowered their target price on Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, November 1st. KeyCorp cut Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price target for the company. in a research note on Friday, October 25th. Finally, Maxim Group raised their price target on Apple from $203.00 to $215.00 and gave the company 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-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $237.47.

Insider Activity

In other news, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares in the company, valued at $24,416,137.76. The trade was a 35.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 163,435 shares of company stock worth $39,376,002 in the last ninety days. Corporate insiders own 0.06% of the company’s stock.

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.