Apple Inc. (NASDAQ:AAPL) Shares Bought by CV Advisors LLC

CV Advisors LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 53,577 shares of the iPhone maker’s stock after purchasing an additional 727 shares during the quarter. Apple comprises 6.0% of CV Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. CV Advisors LLC’s holdings in Apple were worth $12,483,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Lantz Financial LLC increased its holdings in shares of Apple by 8.6% during the 2nd quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock worth $6,266,000 after buying an additional 2,361 shares during the last quarter. New Perspectives Inc increased its stake in Apple by 0.8% during the second quarter. New Perspectives Inc now owns 12,600 shares of the iPhone maker’s stock worth $2,654,000 after acquiring an additional 100 shares during the last quarter. Patrick M Sweeney & Associates Inc. raised its position in Apple by 0.7% in the second quarter. Patrick M Sweeney & Associates Inc. now owns 38,077 shares of the iPhone maker’s stock valued at $8,020,000 after purchasing an additional 269 shares during the period. Abundance Wealth Counselors raised its position in Apple by 0.9% in the second quarter. Abundance Wealth Counselors now owns 55,203 shares of the iPhone maker’s stock valued at $11,627,000 after purchasing an additional 491 shares during the period. Finally, AlphaMark Advisors LLC lifted its stake in shares of Apple by 2.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 12,639 shares of the iPhone maker’s stock valued at $2,662,000 after purchasing an additional 356 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Down 2.4 %

NASDAQ:AAPL opened at $236.85 on Friday. The firm has a market capitalization of $3.58 trillion, a PE ratio of 38.96, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The stock has a 50 day moving average of $240.18 and a 200-day moving average of $229.95.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The company had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. Apple’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.46 earnings per share. Analysts predict that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

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

Insider Activity

In other news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, December 16th. The shares were 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 of the company’s stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now owns 15,419 shares in the company, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on AAPL shares. Sanford C. Bernstein boosted their price objective on shares of Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Loop Capital decreased their price objective on shares of Apple from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 price objective on shares of Apple in a research report on Tuesday, December 10th. UBS Group reissued a “neutral” rating and issued a $236.00 target price on shares of Apple in a research report on Monday, December 2nd. Finally, KeyCorp lowered Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price target for the company. in a research report on Friday, October 25th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $239.85.

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.