High Net Worth Advisory Group LLC Has $14.92 Million Holdings in Apple Inc. (NASDAQ:AAPL)

High Net Worth Advisory Group LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,015 shares of the iPhone maker’s stock after purchasing an additional 1,066 shares during the quarter. Apple makes up approximately 4.1% of High Net Worth Advisory Group LLC’s portfolio, making the stock its 3rd biggest holding. High Net Worth Advisory Group LLC’s holdings in Apple were worth $14,916,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Swedbank AB bought a new stake in shares of Apple in the first quarter valued at $3,026,492,000. Strategic Financial Concepts LLC increased its holdings in Apple by 14,145.8% in the 2nd quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock worth $1,603,000 after acquiring an additional 7,558,826 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Apple by 158.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker’s stock valued at $1,977,582,000 after acquiring an additional 7,067,379 shares during the period. Lazard Asset Management LLC lifted its holdings in Apple by 161.2% during the first quarter. Lazard Asset Management LLC now owns 8,759,445 shares of the iPhone maker’s stock valued at $1,502,068,000 after purchasing an additional 5,405,542 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new position in Apple during the second quarter worth about $834,368,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Activity

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction on Wednesday, October 2nd. The shares were 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 of the company’s stock, 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 document filed with the SEC, which is accessible through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction on 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 transaction, the insider now directly 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. Insiders sold a total of 408,170 shares of company stock valued at $92,007,745 in the last quarter. 0.06% of the stock is currently owned by company insiders.

Apple Price Performance

Apple stock opened at $242.65 on Wednesday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $242.76. 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 firm has a market capitalization of $3.67 trillion, a PE ratio of 39.91, a price-to-earnings-growth ratio of 2.35 and a beta of 1.23. The firm has a 50-day moving average price of $229.59 and a 200-day moving average price of $220.74.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping the consensus estimate 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 net margin of 23.97% and a return on equity of 152.94%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.46 EPS. As a group, equities research analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Rosenblatt Securities upped their price target on shares of Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wedbush restated an “outperform” rating and set a $300.00 target price on shares of Apple in a research report on Friday, November 29th. Morgan Stanley reiterated an “overweight” rating and issued a $273.00 price target on shares of Apple in a research report on Monday, November 25th. Evercore ISI reissued a “buy” rating and set a $250.00 price objective on shares of Apple in a report on Thursday, September 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 target price on shares of Apple in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $235.68.

Apple 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.