Capital Advisors Ltd. LLC Grows Stake in Apple Inc. (NASDAQ:AAPL)

Capital Advisors Ltd. LLC increased its holdings in Apple Inc. (NASDAQ:AAPL) by 1.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,704 shares of the iPhone maker’s stock after buying an additional 477 shares during the period. Apple accounts for approximately 1.1% of Capital Advisors Ltd. LLC’s portfolio, making the stock its 21st largest holding. Capital Advisors Ltd. LLC’s holdings in Apple were worth $9,251,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Financial Symmetry Inc increased its holdings in shares of Apple by 0.5% in the 2nd quarter. Financial Symmetry Inc now owns 11,796 shares of the iPhone maker’s stock worth $2,484,000 after buying an additional 62 shares during the last quarter. CVA Family Office LLC increased its stake in Apple by 7.4% in the second quarter. CVA Family Office LLC now owns 51,628 shares of the iPhone maker’s stock valued at $10,874,000 after acquiring an additional 3,573 shares during the last quarter. Hilltop National Bank raised its position in Apple by 1.0% during the second quarter. Hilltop National Bank now owns 41,290 shares of the iPhone maker’s stock valued at $8,696,000 after purchasing an additional 409 shares in the last quarter. CWM LLC lifted its stake in Apple by 2.4% during the second quarter. CWM LLC now owns 2,000,264 shares of the iPhone maker’s stock worth $421,296,000 after purchasing an additional 45,968 shares during the last quarter. Finally, Fiduciary Alliance LLC boosted its holdings in shares of Apple by 8.2% in the 2nd quarter. Fiduciary Alliance LLC now owns 160,336 shares of the iPhone maker’s stock worth $35,317,000 after purchasing an additional 12,086 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of recent research reports. Barclays dropped their target price on Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a research report on Friday, November 1st. Evercore ISI restated a “buy” rating and issued a $250.00 price objective on shares of Apple in a report on Thursday, September 26th. Bank of America increased their target price on shares of Apple to $256.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Monness Crespi & Hardt reissued a “buy” rating and issued a $245.00 price target on shares of Apple in a research note on Monday, September 9th. Finally, KeyCorp cut Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price objective on the stock. in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus target price of $237.47.

Insider Activity at Apple

In other news, insider Chris Kondo sold 4,130 shares of the company’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 value of $945,233.10. Following the transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Katherine L. Adams sold 61,019 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the sale, the senior vice president now directly 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. Insiders sold a total of 508,170 shares of company stock valued at $117,004,745 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of Apple stock opened at $259.02 on Friday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10. The firm has a market capitalization 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 current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The business has a fifty day simple moving average of $237.00 and a two-hundred day simple moving average of $227.21.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The company 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%. Apple’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the company posted $1.46 EPS. On average, equities analysts forecast that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date 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%.

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.