Apple Inc. (NASDAQ:AAPL) Position Increased by Etesian Wealth Advisors Inc.

Etesian Wealth Advisors Inc. boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.4% during the third quarter, Holdings Channel reports. The firm owned 34,243 shares of the iPhone maker’s stock after buying an additional 796 shares during the quarter. Apple comprises approximately 3.6% of Etesian Wealth Advisors Inc.’s holdings, making the stock its 4th biggest position. Etesian Wealth Advisors Inc.’s holdings in Apple were worth $7,979,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AAPL. Swedbank AB purchased a new stake in Apple during the first quarter worth $3,026,492,000. Strategic Financial Concepts LLC lifted its position in shares of Apple by 14,145.8% in the second quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock valued at $1,603,000 after acquiring an additional 7,558,826 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Apple by 158.3% in the first quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker’s stock valued at $1,977,582,000 after acquiring an additional 7,067,379 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Apple by 161.2% in the first quarter. Lazard Asset Management LLC now owns 8,759,445 shares of the iPhone maker’s stock valued at $1,502,068,000 after acquiring an additional 5,405,542 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of Apple in the second quarter valued at $834,368,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Trading Up 0.1 %

Shares of AAPL opened at $248.13 on Friday. The company has a market capitalization of $3.75 trillion, a P/E ratio of 40.81, a P/E/G ratio of 2.41 and a beta of 1.23. Apple Inc. has a one year low of $164.07 and a one year high of $250.80. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The stock has a 50-day moving average price of $232.50 and a 200 day moving average price of $223.41.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating analysts’ consensus estimates 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 revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.46 earnings per share. Sell-side analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio is currently 16.45%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AAPL. Monness Crespi & Hardt restated a “buy” rating and issued a $245.00 price objective on shares of Apple in a research report on Monday, September 9th. Wells Fargo & Company upped their price objective on Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Piper Sandler restated a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research report on Wednesday, October 9th. Bank of America upped their target price on Apple to $256.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Loop Capital dropped their target price on Apple from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

Insiders Place Their Bets

In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $111,148,695.84. This trade represents a 10.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 408,170 shares of company stock valued at $92,007,745 in the last quarter. 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.