FSM Wealth Advisors LLC Buys 8,693 Shares of Apple Inc. (NASDAQ:AAPL)

FSM Wealth Advisors LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 33.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,631 shares of the iPhone maker’s stock after acquiring an additional 8,693 shares during the period. Apple accounts for approximately 4.0% of FSM Wealth Advisors LLC’s portfolio, making the stock its 4th biggest holding. FSM Wealth Advisors LLC’s holdings in Apple were worth $4,786,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Wealthspire Advisors LLC boosted its stake in Apple by 42.8% in the 2nd quarter. Wealthspire Advisors LLC now owns 299,829 shares of the iPhone maker’s stock worth $40,993,000 after buying an additional 89,865 shares during the last quarter. Emerald Advisors LLC boosted its stake in 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 buying an additional 465 shares during the last quarter. Eagle Bay Advisors LLC boosted its stake in 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 buying an additional 6,735 shares during the last quarter. Callan Capital LLC boosted its stake in 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 buying an additional 1,322 shares during the last quarter. Finally, Sageworth Trust Co boosted its stake in 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 buying an additional 3,482 shares during the last quarter. Institutional investors and hedge funds own 57.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AAPL. JPMorgan Chase & Co. set a $180.00 price objective on Apple and gave the stock an “overweight” rating in a report on Thursday. Rosenblatt Securities dropped their target price on Apple from $189.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, January 13th. Credit Suisse Group restated a “buy” rating and set a $184.00 price objective on shares of Apple in a research note on Wednesday, January 18th. Robert W. Baird lowered their price objective on Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Finally, National Bank Financial decreased their target price on Apple to $54.00 and set an “outperform” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $166.73.

Insider Activity

In other 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 value of $27,493,829.05. Following the sale, the chief financial officer now directly owns 110,673 shares in the company, valued at approximately $17,259,454.35. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other 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 value of $27,493,829.05. Following the sale, the chief financial officer now directly owns 110,673 shares in the company, valued at approximately $17,259,454.35. The transaction was disclosed in a filing 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 completion of 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. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Up 1.9 %

Apple stock opened at $137.87 on Monday. The business has a 50 day moving average price of $138.72 and a two-hundred day moving average price of $148.18. 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 stock has a market cap of $2.18 trillion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 1.78 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:AAPL – Get Rating) last posted its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, beating the consensus estimate of $1.26 by $0.03. The firm had revenue of $90.15 billion during the quarter, compared to analysts’ expectations of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.24 EPS. As a group, equities analysts forecast that Apple Inc. will post 6.19 EPS for the current year.

Apple Dividend Announcement

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