Apple Inc. (NASDAQ:AAPL) Shares Purchased by Annex Advisory Services LLC

Annex Advisory Services LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 211,931 shares of the iPhone maker’s stock after buying an additional 2,870 shares during the period. Apple makes up 2.0% of Annex Advisory Services LLC’s portfolio, making the stock its 13th biggest position. Annex Advisory Services LLC’s holdings in Apple were worth $29,289,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Bluestem Financial Advisors LLC boosted its holdings in shares of Apple by 5,935.2% in the second quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock worth $35,000 after buying an additional 229,929 shares during the period. HBC Financial Services PLLC boosted its holdings in shares of Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after buying an additional 80 shares during the period. Ramsey Quantitative Systems acquired a new position in shares of Apple in the second quarter worth about $55,000. Morgan Dempsey Capital Management LLC acquired a new position in shares of Apple in the third quarter worth about $55,000. Finally, Newfound Research LLC acquired a new position in shares of Apple in the third quarter worth about $67,000. Institutional investors and hedge funds own 57.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Robert W. Baird decreased their target price on shares of Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, October 28th. UBS Group set a $180.00 target price on shares of Apple in a report on Thursday, January 12th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Apple from $175.00 to $170.00 and set a “buy” rating for the company in a report on Friday, October 28th. Rosenblatt Securities decreased their price target on shares of Apple from $189.00 to $165.00 and set a “buy” rating for the company in a report on Friday, January 13th. Finally, Citigroup restated a “buy” rating and set a $175.00 price target on shares of Apple in a report on Tuesday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $166.73.

Apple Trading Up 1.9 %

Shares of AAPL stock opened at $137.87 on Friday. Apple Inc. has a 1 year low of $124.17 and a 1 year high of $179.61. The firm’s fifty day simple moving average is $138.72 and its 200 day simple moving average is $148.14. The firm has a market capitalization of $2.18 trillion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95.

Apple (NASDAQ:AAPLGet Rating) last announced its 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 quarter in the previous year, the firm posted $1.24 earnings per share. Apple’s revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts predict that Apple Inc. will post 6.19 EPS for the current year.

Apple Announces Dividend

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

Insider Buying and Selling

In other Apple news, insider Chris Kondo sold 20,200 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $4,685,423.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Apple news, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the sale, the chief financial officer now owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Chris Kondo sold 20,200 shares of the business’s stock in a transaction on 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 approximately $4,685,423.60. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.

Apple Company Profile

(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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