Apple Inc. (NASDAQ:AAPL) is Main Street Financial Solutions LLC’s 4th Largest Position

Main Street Financial Solutions LLC increased its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 3.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 120,535 shares of the iPhone maker’s stock after purchasing an additional 4,194 shares during the quarter. Apple makes up about 2.7% of Main Street Financial Solutions LLC’s investment portfolio, making the stock its 4th largest holding. Main Street Financial Solutions LLC’s holdings in Apple were worth $16,662,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AAPL. Wealthspire Advisors LLC increased its position in Apple by 42.8% during the 2nd quarter. Wealthspire Advisors LLC now owns 299,829 shares of the iPhone maker’s stock valued at $40,993,000 after buying an additional 89,865 shares in the last quarter. Emerald Advisors LLC increased its holdings in shares of Apple by 2.4% in the 2nd quarter. Emerald Advisors LLC now owns 19,905 shares of the iPhone maker’s stock worth $2,721,000 after purchasing an additional 465 shares in the last quarter. Eagle Bay Advisors LLC increased its holdings in shares of Apple by 35.7% in the 2nd quarter. Eagle Bay Advisors LLC now owns 25,608 shares of the iPhone maker’s stock worth $3,501,000 after purchasing an additional 6,735 shares in the last quarter. Callan Capital LLC increased its holdings in shares of Apple by 1.6% in the 2nd quarter. Callan Capital LLC now owns 85,226 shares of the iPhone maker’s stock worth $11,652,000 after purchasing an additional 1,322 shares in the last quarter. Finally, Sageworth Trust Co increased its holdings in shares of Apple by 150.3% in the 2nd quarter. Sageworth Trust Co now owns 5,798 shares of the iPhone maker’s stock worth $793,000 after purchasing an additional 3,482 shares in the last quarter. Hedge funds and other institutional investors own 57.60% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 20,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following 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 SEC, which is available at the SEC website. In other Apple news, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 110,673 shares in the company, valued at $17,259,454.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Chris Kondo sold 20,200 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 31,505 shares in the company, valued at $4,685,423.60. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Apple Trading Up 1.9 %

Shares of AAPL stock opened at $137.87 on Friday. Apple Inc. has a 12-month low of $124.17 and a 12-month high of $179.61. 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 $138.72 and its 200-day moving average price is $148.14. The stock has a market capitalization 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 earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.03. Apple had a return on equity of 160.90% and a net margin of 25.31%. The firm had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. During the same period in the previous year, the firm posted $1.24 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts predict that Apple Inc. will post 6.19 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 annualized dividend and a yield of 0.67%. Apple’s payout ratio is currently 15.06%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Barclays reduced their target price on Apple from $144.00 to $133.00 and set an “equal weight” rating for the company in a report on Wednesday, January 11th. Needham & Company LLC reissued a “buy” rating and issued a $170.00 target price on shares of Apple in a report on Tuesday, November 8th. UBS Group set a $180.00 target price on Apple in a report on Thursday, January 12th. Oppenheimer dropped their price target on Apple from $190.00 to $170.00 and set an “outperform” rating on the stock in a research note on Monday, December 12th. Finally, Canaccord Genuity Group dropped their price target on Apple from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average price target of $166.73.

Apple Profile

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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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