Apple Inc. (NASDAQ:AAPL) Shares Purchased by Cherrydale Wealth Management LLC

Cherrydale Wealth Management LLC boosted its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 1.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 33,573 shares of the iPhone maker’s stock after purchasing an additional 630 shares during the period. Apple comprises approximately 4.3% of Cherrydale Wealth Management LLC’s portfolio, making the stock its 8th largest position. Cherrydale Wealth Management LLC’s holdings in Apple were worth $4,640,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Trevian Wealth Management LLC increased its holdings in Apple by 1.5% in the 3rd quarter. Trevian Wealth Management LLC now owns 9,635 shares of the iPhone maker’s stock valued at $1,332,000 after purchasing an additional 141 shares during the last quarter. Miracle Mile Advisors LLC grew its stake in shares of Apple by 1.7% in the third quarter. Miracle Mile Advisors LLC now owns 490,552 shares of the iPhone maker’s stock worth $67,794,000 after acquiring an additional 8,221 shares in the last quarter. MBM Wealth Consultants LLC grew its stake in shares of Apple by 1.7% in the third quarter. MBM Wealth Consultants LLC now owns 11,291 shares of the iPhone maker’s stock worth $1,608,000 after acquiring an additional 187 shares in the last quarter. Great Diamond Partners LLC grew its stake in shares of Apple by 3.5% in the third quarter. Great Diamond Partners LLC now owns 38,805 shares of the iPhone maker’s stock worth $5,362,000 after acquiring an additional 1,297 shares in the last quarter. Finally, Granite Investment Partners LLC grew its stake in shares of Apple by 5.7% in the third quarter. Granite Investment Partners LLC now owns 371,589 shares of the iPhone maker’s stock worth $51,354,000 after acquiring an additional 20,016 shares in the last quarter. Institutional investors and hedge funds own 57.60% of the company’s stock.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 20,200 shares of the company’s 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 transaction, 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 available at this link. In other Apple news, insider Chris Kondo sold 20,200 shares of the company’s 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 transaction, 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 available at this link. Also, CFO Luca Maestri sold 176,299 shares of the company’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 transaction, the chief financial officer now owns 110,673 shares in the company, 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

Several research firms have commented on AAPL. Oppenheimer dropped their price target on shares of Apple from $190.00 to $170.00 and set an “outperform” rating for the company in a research note on Monday, December 12th. BNP Paribas downgraded shares of Apple from an “outperform” rating to a “neutral” rating and set a $140.00 price target for the company. in a research note on Tuesday, January 3rd. DA Davidson dropped their price target on shares of Apple to $167.00 in a research note on Thursday, December 1st. StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a research report on Saturday, November 5th. Finally, Citigroup reaffirmed a “buy” rating and set a $175.00 price objective on shares of Apple in a research report on Tuesday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.73.

Apple Trading Up 1.9 %

Shares of Apple stock opened at $137.87 on Friday. Apple Inc. has a 52-week low of $124.17 and a 52-week high of $179.61. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95. The company’s 50-day simple moving average is $138.72 and its 200-day simple moving average is $148.09. The firm has a market cap of $2.18 trillion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24.

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

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were paid 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 0.67%. Apple’s dividend payout ratio (DPR) is 15.06%.

About Apple

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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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