Apple Inc. (NASDAQ:AAPL) is Lindbrook Capital LLC’s 3rd Largest Position

Lindbrook Capital LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.4% during the third quarter, Holdings Channel reports. The fund owned 264,322 shares of the iPhone maker’s stock after purchasing an additional 3,604 shares during the quarter. Apple accounts for 5.5% of Lindbrook Capital LLC’s investment portfolio, making the stock its 3rd largest holding. Lindbrook Capital LLC’s holdings in Apple were worth $61,587,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of AAPL. 1620 Investment Advisors Inc. boosted its stake in shares of Apple by 0.5% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock valued at $2,249,000 after buying an additional 45 shares during the period. Carolina Wealth Advisors LLC grew its stake in Apple by 1.3% in the third quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock valued at $813,000 after purchasing an additional 46 shares in the last quarter. Verus Financial Partners Inc. increased its position in Apple by 0.3% in the 2nd quarter. Verus Financial Partners Inc. now owns 16,929 shares of the iPhone maker’s stock worth $3,566,000 after purchasing an additional 48 shares during the last quarter. Brown Financial Advisory increased its position in Apple by 3.8% in the 2nd quarter. Brown Financial Advisory now owns 1,364 shares of the iPhone maker’s stock worth $287,000 after purchasing an additional 50 shares during the last quarter. Finally, Core Wealth Management Inc. lifted its holdings in shares of Apple by 1.7% during the 2nd quarter. Core Wealth Management Inc. now owns 2,968 shares of the iPhone maker’s stock valued at $625,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Ratings Changes

AAPL has been the topic of several recent research reports. Sanford C. Bernstein raised their price objective on shares of Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Barclays raised their price target on shares of Apple to $184.00 and gave the company a “sell” rating in a report on Friday, January 10th. UBS Group reiterated a “neutral” rating and issued a $236.00 price objective on shares of Apple in a report on Monday, December 2nd. Moffett Nathanson restated a “sell” rating and set a $188.00 target price (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. Finally, Wells Fargo & Company upped their price target on Apple to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $239.85.

Insider Buying and Selling at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares of the company’s stock, 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. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of Apple stock opened at $237.87 on Thursday. The firm has a market cap of $3.58 trillion, a P/E ratio of 39.12, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The firm’s 50-day simple moving average is $240.63 and its 200-day simple moving average is $230.52. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87.

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 analysts’ consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same period in the previous year, the business earned $1.46 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.42%. Apple’s dividend payout ratio is currently 16.45%.

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.