Doliver Advisors LP Has $6.04 Million Stake in Apple Inc. (NASDAQ:AAPL)

Doliver Advisors LP raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.4% during the third quarter, HoldingsChannel reports. The fund owned 25,930 shares of the iPhone maker’s stock after acquiring an additional 1,094 shares during the quarter. Apple comprises approximately 1.7% of Doliver Advisors LP’s holdings, making the stock its 8th largest position. Doliver Advisors LP’s holdings in Apple were worth $6,042,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Bridge Advisory LLC lifted its holdings in Apple by 1.1% during the 3rd quarter. Bridge Advisory LLC now owns 34,797 shares of the iPhone maker’s stock worth $8,108,000 after buying an additional 384 shares during the last quarter. Global Wealth Strategies & Associates raised its position in shares of Apple by 4.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 10,671 shares of the iPhone maker’s stock valued at $2,486,000 after acquiring an additional 406 shares in the last quarter. Mattson Financial Services LLC bought a new position in Apple during the second quarter worth $7,371,000. Ashburton Jersey Ltd acquired a new position in Apple in the second quarter worth $15,855,000. Finally, Sage Advisors LLC increased its stake in Apple by 3.3% during the second quarter. Sage Advisors LLC now owns 44,403 shares of the iPhone maker’s stock valued at $9,352,000 after purchasing an additional 1,416 shares during the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Jeffrey E. Williams sold 59,730 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the sale, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at $111,148,695.84. The trade was a 10.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Katherine L. Adams sold 61,019 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total value of $13,802,497.80. Following the completion of the transaction, the senior vice president now owns 187,043 shares of the company’s stock, valued at $42,309,126.60. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 404,040 shares of company stock worth $91,062,512. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Up 1.3 %

AAPL opened at $228.02 on Tuesday. The stock’s fifty day moving average is $227.18 and its 200-day moving average is $217.00. Apple Inc. has a one year low of $164.07 and a one year high of $237.49. The company has a market capitalization of $3.45 trillion, a PE ratio of 37.50, a P/E/G ratio of 2.20 and a beta of 1.24. 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 issued its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. During the same period in the previous year, the business earned $1.46 earnings per share. Apple’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio is presently 16.45%.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of recent research reports. Moffett Nathanson started coverage on shares of Apple in a research report on Monday, August 19th. They issued a “neutral” rating and a $211.00 price target on the stock. Robert W. Baird raised their target price on shares of Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Evercore ISI reaffirmed a “buy” rating and set a $250.00 target price on shares of Apple in a report on Thursday, September 26th. The Goldman Sachs Group increased their price target on Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Bank of America restated a “buy” rating and set a $256.00 price objective on shares of Apple in a research report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $235.51.

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.