Apple Inc. (NASDAQ:AAPL) Position Increased by FDx Advisors Inc.

FDx Advisors Inc. increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 8.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,057 shares of the iPhone maker’s stock after buying an additional 823 shares during the quarter. FDx Advisors Inc.’s holdings in Apple were worth $2,576,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Northwest Wealth Management LLC raised its holdings in shares of Apple by 1.5% during the third quarter. Northwest Wealth Management LLC now owns 45,694 shares of the iPhone maker’s stock valued at $10,647,000 after buying an additional 657 shares during the last quarter. Lynx Investment Advisory raised its stake in Apple by 3.9% during the 3rd quarter. Lynx Investment Advisory now owns 25,860 shares of the iPhone maker’s stock valued at $6,025,000 after acquiring an additional 975 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its position in Apple by 3.5% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 195,351 shares of the iPhone maker’s stock worth $45,517,000 after acquiring an additional 6,515 shares during the period. Laffer Tengler Investments Inc. grew its stake in shares of Apple by 1.1% in the third quarter. Laffer Tengler Investments Inc. now owns 88,176 shares of the iPhone maker’s stock worth $20,545,000 after purchasing an additional 989 shares in the last quarter. Finally, tru Independence LLC raised its stake in shares of Apple by 2.9% during the third quarter. tru Independence LLC now owns 36,281 shares of the iPhone maker’s stock valued at $8,454,000 after purchasing an additional 1,007 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on AAPL shares. Jefferies Financial Group downgraded shares of Apple from a “buy” rating to a “hold” rating and boosted their price target for the stock from $205.00 to $212.92 in a research report on Monday, October 7th. Moffett Nathanson restated a “sell” rating and issued a $188.00 target price (down from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Barclays boosted their price objective on Apple to $184.00 and gave the stock a “sell” rating in a research note on Friday, January 10th. Wedbush lifted their target price on Apple from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Thursday, December 26th. Finally, StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $239.85.

Apple Trading Up 0.8 %

Shares of NASDAQ:AAPL opened at $229.98 on Friday. 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 market capitalization of $3.48 trillion, a PE ratio of 37.83, a P/E/G ratio of 2.32 and a beta of 1.20. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The firm has a fifty day moving average price of $241.01 and a 200 day moving average price of $230.65.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the prior year, the company posted $1.46 EPS. The firm’s revenue was up 6.1% on a year-over-year basis. Analysts expect that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio is 16.45%.

Insider Transactions at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction that occurred on Monday, November 18th. The stock was 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 in the company, 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. 0.06% of the stock is owned by corporate insiders.

Apple Company 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.