Inspirion Wealth Advisors LLC Has $13.72 Million Position in Apple Inc. (NASDAQ:AAPL)

Inspirion Wealth Advisors LLC cut its position in Apple Inc. (NASDAQ:AAPL) by 0.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 58,872 shares of the iPhone maker’s stock after selling 145 shares during the quarter. Apple comprises about 1.9% of Inspirion Wealth Advisors LLC’s portfolio, making the stock its 15th largest holding. Inspirion Wealth Advisors LLC’s holdings in Apple were worth $13,717,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. grew its holdings in shares of Apple by 127.4% during 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 purchasing an additional 42,282 shares during the last quarter. ORBA Wealth Advisors L.L.C. lifted its position in shares of Apple by 0.7% during the 1st quarter. ORBA Wealth Advisors L.L.C. now owns 71,286 shares of the iPhone maker’s stock valued at $12,224,000 after acquiring an additional 474 shares during the period. Rempart Asset Management Inc. raised its holdings in Apple by 34.8% during the first quarter. Rempart Asset Management Inc. now owns 10,980 shares of the iPhone maker’s stock worth $1,883,000 after buying an additional 2,835 shares during the last quarter. Avior Wealth Management LLC grew its stake in shares of Apple by 24.5% in the 1st quarter. Avior Wealth Management LLC now owns 207,788 shares of the iPhone maker’s stock worth $35,615,000 after acquiring an additional 40,942 shares in the last quarter. Finally, Shariaportfolio Inc. grew its stake in shares of Apple by 15.9% in the 1st quarter. Shariaportfolio Inc. now owns 4,961 shares of the iPhone maker’s stock worth $851,000 after acquiring an additional 681 shares in the last quarter. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

Shares of Apple stock opened at $228.44 on Friday. The business’s fifty day moving average price is $227.59 and its 200 day moving average price is $217.47. The stock has a market capitalization of $3.45 trillion, a P/E ratio of 37.57, a PEG ratio of 2.24 and a beta of 1.24. Apple Inc. has a twelve month low of $164.07 and a twelve 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.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. The firm had revenue of $94.93 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.46 earnings per share. As a group, research analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed 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 was Friday, November 8th. Apple’s dividend payout ratio is presently 16.45%.

Insider Transactions at Apple

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction dated 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 directly owns 15,419 shares in the company, valued at approximately $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. Insiders sold a total of 408,170 shares of company stock valued at $92,007,745 in the last three months. 0.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AAPL. Melius Research reiterated a “buy” rating and set a $265.00 target price on shares of Apple in a research report on Tuesday, August 27th. New Street Research reiterated a “neutral” rating and set a $225.00 price target on shares of Apple in a research report on Wednesday, September 25th. Wedbush reissued an “outperform” rating and set a $285.00 price objective on shares of Apple in a research report on Monday, September 9th. TD Cowen boosted their target price on shares of Apple from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, Bank of America restated a “buy” rating and set a $256.00 target price on shares of Apple in a research note on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $235.25.

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.