Apple Inc. (NASDAQ:AAPL) Shares Acquired by Market Street Wealth Management Advisors LLC

Market Street Wealth Management Advisors LLC boosted its stake in Apple Inc. (NASDAQ:AAPL) by 0.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,232 shares of the iPhone maker’s stock after buying an additional 104 shares during the period. Apple accounts for 0.5% of Market Street Wealth Management Advisors LLC’s portfolio, making the stock its 28th biggest holding. Market Street Wealth Management Advisors LLC’s holdings in Apple were worth $2,850,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Physician Wealth Advisors Inc. boosted its position in shares of Apple by 0.4% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 75,131 shares of the iPhone maker’s stock valued at $17,569,000 after purchasing an additional 333 shares in the last quarter. Carderock Capital Management Inc. boosted its position in shares of Apple by 1.2% in the 3rd quarter. Carderock Capital Management Inc. now owns 59,491 shares of the iPhone maker’s stock valued at $13,861,000 after purchasing an additional 680 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in Apple by 2.7% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 80,036 shares of the iPhone maker’s stock worth $18,648,000 after purchasing an additional 2,073 shares in the last quarter. Amplius Wealth Advisors LLC raised its holdings in Apple by 0.7% during the 3rd quarter. Amplius Wealth Advisors LLC now owns 59,163 shares of the iPhone maker’s stock worth $13,785,000 after buying an additional 385 shares during the period. Finally, Regent Peak Wealth Advisors LLC lifted its stake in Apple by 1.6% during the third quarter. Regent Peak Wealth Advisors LLC now owns 110,808 shares of the iPhone maker’s stock valued at $25,818,000 after buying an additional 1,744 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Buying and Selling

In related news, SVP Katherine L. Adams sold 61,019 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the sale, the senior vice president now owns 187,043 shares of the company’s stock, valued at $42,309,126.60. The trade was a 24.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. This trade 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 ninety days. 0.06% of the stock is owned by company insiders.

Apple Stock Performance

NASDAQ AAPL opened at $242.84 on Monday. The company’s fifty 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. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The firm has a market capitalization of $3.67 trillion, a price-to-earnings ratio of 39.94, a P/E/G ratio of 2.38 and a beta of 1.23.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $94.93 billion for 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%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the business earned $1.46 earnings per share. Equities research analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The company also recently announced 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 dividend yield of 0.41%. Apple’s payout ratio is 16.45%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AAPL. UBS Group restated a “neutral” rating and set a $236.00 price target on shares of Apple in a report on Monday, December 2nd. Morgan Stanley reissued an “overweight” rating and set a $273.00 target price on shares of Apple in a research note on Monday, November 25th. Moffett Nathanson decreased their target price on Apple from $211.00 to $202.00 and set a “neutral” rating for the company in a research report on Tuesday, November 19th. Barclays dropped their price target on Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, November 1st. Finally, Maxim Group raised their price objective on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $235.68.

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.