Ellenbecker Investment Group Acquires 293 Shares of Apple Inc. (NASDAQ:AAPL)

Ellenbecker Investment Group boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,289 shares of the iPhone maker’s stock after buying an additional 293 shares during the period. Apple makes up about 1.9% of Ellenbecker Investment Group’s holdings, making the stock its 9th biggest position. Ellenbecker Investment Group’s holdings in Apple were worth $7,427,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Blue Fin Capital Inc. raised its position in Apple by 0.4% during the second quarter. Blue Fin Capital Inc. now owns 207,497 shares of the iPhone maker’s stock valued at $40,248,000 after buying an additional 739 shares during the period. Waypoint Wealth Partners Inc. grew its stake in Apple by 20.3% in the second quarter. Waypoint Wealth Partners Inc. now owns 7,113 shares of the iPhone maker’s stock valued at $1,380,000 after purchasing an additional 1,200 shares in the last quarter. Dakota Wealth Management grew its stake in Apple by 39.1% in the second quarter. Dakota Wealth Management now owns 493,385 shares of the iPhone maker’s stock valued at $95,702,000 after purchasing an additional 138,616 shares in the last quarter. Bridgeworth LLC grew its stake in Apple by 2.4% in the second quarter. Bridgeworth LLC now owns 50,126 shares of the iPhone maker’s stock valued at $9,723,000 after purchasing an additional 1,193 shares in the last quarter. Finally, Courier Capital LLC grew its stake in Apple by 15.5% in the second quarter. Courier Capital LLC now owns 354,553 shares of the iPhone maker’s stock valued at $68,773,000 after purchasing an additional 47,598 shares in the last quarter. 58.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Chris Kondo sold 4,806 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $184.04, for a total transaction of $884,496.24. Following the sale, the insider now owns 34,687 shares of the company’s stock, valued at approximately $6,383,795.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Chris Kondo sold 4,806 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $184.04, for a total transaction of $884,496.24. Following the sale, the insider now owns 34,687 shares of the company’s stock, valued at approximately $6,383,795.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Deirdre O’brien sold 65,536 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $172.11, for a total value of $11,279,400.96. Following the sale, the senior vice president now directly owns 136,445 shares in the company, valued at approximately $23,483,548.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 444,391 shares of company stock valued at $77,370,046. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. StockNews.com assumed coverage on Apple in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Wells Fargo & Company upped their price target on Apple from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 24th. Evercore ISI restated an “outperform” rating and set a $210.00 target price on shares of Apple in a research note on Thursday, September 28th. Deutsche Bank Aktiengesellschaft increased their target price on Apple from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 24th. Finally, Tigress Financial upped their price target on Apple from $225.00 to $240.00 and gave the company a “strong-buy” rating in a report on Thursday. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average price target of $198.25.

Apple Stock Up 0.9 %

NASDAQ:AAPL opened at $189.71 on Friday. Apple Inc. has a 12-month low of $124.17 and a 12-month high of $198.23. The company has a quick ratio of 0.94, a current ratio of 0.99 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $2.95 trillion, a P/E ratio of 31.00, a P/E/G ratio of 2.55 and a beta of 1.30. The stock’s fifty day simple moving average is $176.68 and its 200-day simple moving average is $180.53.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.07. Apple had a return on equity of 160.78% and a net margin of 25.31%. The business had revenue of $89.50 billion for the quarter, compared to analyst estimates of $89.34 billion. During the same period last year, the company earned $1.29 EPS. The firm’s revenue was down .7% on a year-over-year basis. Equities research analysts expect that Apple Inc. will post 6.56 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.51%. The ex-dividend date was Friday, November 10th. Apple’s payout ratio is presently 15.69%.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. 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.