Graham Capital Wealth Management LLC Increases Stock Position in Apple Inc. (NASDAQ:AAPL)

Graham Capital Wealth Management LLC grew its stake in Apple Inc. (NASDAQ:AAPL) by 5.5% during the third quarter, Holdings Channel.com reports. The fund owned 3,150 shares of the iPhone maker’s stock after acquiring an additional 164 shares during the period. Apple accounts for about 0.8% of Graham Capital Wealth Management LLC’s investment portfolio, making the stock its 26th biggest position. Graham Capital Wealth Management LLC’s holdings in Apple were worth $734,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. OMNI 360 Wealth Inc. lifted its holdings in Apple by 19.4% during the 3rd quarter. OMNI 360 Wealth Inc. now owns 19,858 shares of the iPhone maker’s stock worth $4,627,000 after buying an additional 3,233 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in Apple by 1.6% in the third quarter. J.W. Cole Advisors Inc. now owns 566,896 shares of the iPhone maker’s stock worth $132,087,000 after acquiring an additional 8,729 shares during the last quarter. Alpha Financial Partners LLC grew its holdings in Apple by 8.7% during the 3rd quarter. Alpha Financial Partners LLC now owns 6,255 shares of the iPhone maker’s stock worth $1,457,000 after acquiring an additional 498 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Apple by 7.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 2,192,836 shares of the iPhone maker’s stock valued at $510,930,000 after purchasing an additional 160,910 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC lifted its position in shares of Apple by 15.1% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 1,443 shares of the iPhone maker’s stock worth $336,000 after purchasing an additional 189 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Up 0.3 %

Shares of AAPL stock opened at $259.02 on Friday. The stock has a market cap of $3.92 trillion, a P/E ratio of 42.60, a P/E/G ratio of 2.41 and a beta of 1.23. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The business has a fifty day simple moving average of $237.00 and a 200-day simple moving average of $227.21.

Apple (NASDAQ:AAPL) last announced its 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 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 quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.46 EPS. On average, analysts forecast that Apple Inc. will post 7.43 earnings per share for the current fiscal 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 issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.39%. Apple’s payout ratio is currently 16.45%.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several research analyst reports. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Evercore ISI reaffirmed a “buy” rating and set a $250.00 price target on shares of Apple in a research report on Thursday, September 26th. Monness Crespi & Hardt reissued a “buy” rating and issued a $245.00 price objective on shares of Apple in a report on Monday, September 9th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $265.00 target price on shares of Apple in a report on Tuesday, September 10th. Finally, Oppenheimer reissued a “buy” rating and set a $250.00 price objective on shares of Apple in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $237.47.

Insiders Place Their Bets

In other news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 61,019 shares of the business’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders have sold a total of 508,170 shares of company stock valued at $117,004,745 over the last quarter. Company insiders own 0.06% of the company’s stock.

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.