Geller Advisors LLC Purchases 2,723 Shares of Apple Inc. (NASDAQ:AAPL)

Geller Advisors LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,022 shares of the iPhone maker’s stock after purchasing an additional 2,723 shares during the period. Apple comprises about 1.1% of Geller Advisors LLC’s investment portfolio, making the stock its 11th largest position. Geller Advisors LLC’s holdings in Apple were worth $15,383,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AAPL. State Street Corp boosted its stake in Apple by 10.6% in the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after buying an additional 55,935,105 shares in the last quarter. FMR LLC boosted its stake in Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after buying an additional 18,224,005 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Apple by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock worth $22,121,656,000 after purchasing an additional 5,893,741 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Apple by 20,372.7% in the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after purchasing an additional 93,886,664 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Apple by 1.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 91,568,390 shares of the iPhone maker’s stock worth $21,335,435,000 after purchasing an additional 1,742,087 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Chris Kondo sold 4,130 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction dated 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 owns 389,944 shares of the company’s stock, valued at approximately $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. 0.06% of the stock is owned by corporate insiders.

Apple Stock Up 2.2 %

Shares of Apple stock opened at $232.62 on Wednesday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The business has a 50-day moving average of $241.02 and a two-hundred day moving average of $231.20. The company has a market capitalization of $3.49 trillion, a P/E ratio of 36.92, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, equities analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 10th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. Apple’s payout ratio is presently 15.87%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AAPL shares. Wedbush reissued an “outperform” rating and issued a $325.00 price objective on shares of Apple in a research note on Thursday, January 23rd. The Goldman Sachs Group boosted their price objective on Apple from $280.00 to $294.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Morgan Stanley boosted their price objective on Apple from $273.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Barclays boosted their price objective on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research note on Friday, January 31st. Finally, Oppenheimer lowered Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $242.52.

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.