Seven Springs Wealth Group LLC Purchases 293 Shares of Apple Inc. (NASDAQ:AAPL)

Seven Springs Wealth Group LLC boosted its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 1.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,523 shares of the iPhone maker’s stock after buying an additional 293 shares during the period. Apple makes up approximately 1.2% of Seven Springs Wealth Group LLC’s portfolio, making the stock its 16th biggest position. Seven Springs Wealth Group LLC’s holdings in Apple were worth $2,145,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Apple by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after purchasing an additional 8,734,393 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Apple by 2.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 237,910,783 shares of the iPhone maker’s stock valued at $32,527,162,000 after acquiring an additional 4,831,418 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Apple by 8.2% in the second quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock valued at $16,889,649,000 after acquiring an additional 9,411,018 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Apple by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock valued at $14,097,970,000 after acquiring an additional 1,155,915 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in Apple by 12.1% in the second quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock valued at $11,001,469,000 after purchasing an additional 8,716,964 shares during the last quarter. 57.60% of the stock is owned by institutional investors.

Apple Stock Down 0.5 %

Shares of NASDAQ:AAPL opened at $135.21 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95. The stock’s 50-day moving average price is $139.18 and its 200-day moving average price is $148.28. The stock has a market capitalization of $2.14 trillion, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. Apple Inc. has a 12-month low of $124.17 and a 12-month high of $179.61.

Apple (NASDAQ:AAPLGet Rating) last posted its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. The company had revenue of $90.15 billion during the quarter, compared to analyst estimates of $88.77 billion. Apple had a net margin of 25.31% and a return on equity of 160.90%. Apple’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 earnings per share. On average, equities analysts anticipate that Apple Inc. will post 6.19 earnings per share for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, November 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.68%. Apple’s dividend payout ratio is currently 15.06%.

Insider Transactions at Apple

In other news, insider Chris Kondo sold 20,200 shares of the stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the completion of the sale, the insider now directly owns 31,505 shares in the company, valued at $4,685,423.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Apple news, insider Chris Kondo sold 20,200 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total value of $3,004,144.00. Following the completion of the sale, the insider now directly owns 31,505 shares in the company, valued at $4,685,423.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the completion of the sale, the chief financial officer now owns 110,673 shares of the company’s stock, valued at $17,259,454.35. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several research analyst reports. JPMorgan Chase & Co. set a $190.00 price objective on Apple in a research note on Monday, January 2nd. UBS Group set a $180.00 target price on Apple in a research report on Thursday, January 12th. Canaccord Genuity Group dropped their target price on Apple from $200.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday. KeyCorp restated a “buy” rating and set a $175.00 target price on shares of Apple in a research report on Tuesday, November 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $170.00 target price on shares of Apple in a research report on Tuesday, November 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus price target of $170.34.

About Apple

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, 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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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