Apple Inc. (NASDAQ:AAPL) Shares Purchased by Callan Family Office LLC

Callan Family Office LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 53.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,507 shares of the iPhone maker’s stock after buying an additional 25,653 shares during the quarter. Apple makes up about 2.9% of Callan Family Office LLC’s holdings, making the stock its 7th largest position. Callan Family Office LLC’s holdings in Apple were worth $17,127,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Apple by 127.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock valued at $12,943,000 after buying an additional 42,282 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in Apple by 0.4% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 506,642 shares of the iPhone maker’s stock worth $86,879,000 after acquiring an additional 1,936 shares in the last quarter. Tobam lifted its position in Apple by 3.9% in the first quarter. Tobam now owns 21,459 shares of the iPhone maker’s stock valued at $3,680,000 after acquiring an additional 810 shares during the last quarter. BNP Paribas acquired a new position in Apple in the first quarter valued at $88,000,000. Finally, Alliance Wealth Management Group grew its holdings in shares of Apple by 2.6% during the first quarter. Alliance Wealth Management Group now owns 30,094 shares of the iPhone maker’s stock worth $5,160,000 after purchasing an additional 755 shares during the last quarter. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Apple

In other news, COO Jeffrey E. Williams sold 59,730 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total value of $13,550,347.80. Following the completion of the transaction, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at $111,148,695.84. The trade was a 10.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the company’s 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 sale, the insider now owns 15,419 shares in the company, valued at $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 408,170 shares of company stock valued at $92,007,745. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AAPL. New Street Research reissued a “neutral” rating and issued a $225.00 target price on shares of Apple in a report on Wednesday, September 25th. Tigress Financial boosted their price objective on Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a research note on Wednesday, August 28th. Morgan Stanley reissued an “overweight” rating and issued a $273.00 price objective on shares of Apple in a report on Tuesday, September 10th. Maxim Group lifted their target price on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a report on Friday, November 1st. Finally, Loop Capital decreased their price target on shares of Apple from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $235.25.

Apple Trading Up 0.6 %

Shares of Apple stock opened at $229.87 on Monday. The company has a 50-day moving average of $227.73 and a two-hundred day moving average of $218.30. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.49. 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 market cap of $3.47 trillion, a PE ratio of 37.81, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24.

Apple (NASDAQ:AAPL) last released its quarterly earnings data 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 firm had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. Apple’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted $1.46 EPS. On average, research analysts anticipate 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. Stockholders of record on Monday, November 11th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

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.