San Luis Wealth Advisors LLC Acquires 2,654 Shares of Apple Inc. (NASDAQ:AAPL)

San Luis Wealth Advisors LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,973 shares of the iPhone maker’s stock after acquiring an additional 2,654 shares during the quarter. Apple makes up approximately 6.6% of San Luis Wealth Advisors LLC’s holdings, making the stock its 3rd largest holding. San Luis Wealth Advisors LLC’s holdings in Apple were worth $32,148,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AAPL. 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 worth $12,943,000 after acquiring an additional 42,282 shares in the last quarter. Investments & Financial Planning LLC lifted its holdings in Apple by 13.4% during the 1st quarter. Investments & Financial Planning LLC now owns 2,969 shares of the iPhone maker’s stock worth $509,000 after buying an additional 351 shares in the last quarter. Integris Wealth Management LLC lifted its holdings in Apple by 0.5% during the 1st quarter. Integris Wealth Management LLC now owns 40,174 shares of the iPhone maker’s stock worth $6,889,000 after buying an additional 212 shares in the last quarter. Signaturefd LLC lifted its holdings in Apple by 0.5% during the 1st quarter. Signaturefd LLC now owns 470,790 shares of the iPhone maker’s stock worth $80,731,000 after buying an additional 2,305 shares in the last quarter. Finally, Richardson Financial Services Inc. lifted its holdings in Apple by 3.8% during the 1st quarter. Richardson Financial Services Inc. now owns 26,928 shares of the iPhone maker’s stock worth $4,618,000 after buying an additional 991 shares in the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Luca Maestri sold 59,305 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the completion of the transaction, the chief financial officer now directly owns 107,788 shares in the company, valued at $24,416,137.76. This represents a 35.49 % 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 dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the transaction, the insider now owns 15,419 shares of the company’s stock, 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. In the last 90 days, insiders sold 408,170 shares of company stock worth $92,007,745. Corporate insiders own 0.06% of the company’s stock.

Apple Price Performance

AAPL stock opened at $234.93 on Friday. The stock has a 50-day moving average price of $228.83 and a two-hundred day moving average price of $219.23. The stock has a market cap of $3.55 trillion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 2.28 and a beta of 1.24. 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 Inc. has a 1 year low of $164.07 and a 1 year high of $237.49.

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

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AAPL shares. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. The Goldman Sachs Group upped their price objective on Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. UBS Group upped their price objective on Apple to $236.00 and gave the stock a “hold” rating in a report on Tuesday, November 12th. Piper Sandler reaffirmed a “neutral” rating and set a $225.00 price objective on shares of Apple in a report on Wednesday, October 9th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $250.00 price objective on shares of Apple in a report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $235.25.

About Apple

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.