Apple Inc. (NASDAQ:AAPL) Shares Purchased by MBM Wealth Consultants LLC

MBM Wealth Consultants LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 7.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,808 shares of the iPhone maker’s stock after acquiring an additional 1,057 shares during the quarter. Apple comprises 1.1% of MBM Wealth Consultants LLC’s investment portfolio, making the stock its 14th biggest holding. MBM Wealth Consultants LLC’s holdings in Apple were worth $3,450,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in AAPL. Financial Synergies Wealth Advisors Inc. increased its holdings in Apple by 238.9% during the 3rd quarter. Financial Synergies Wealth Advisors Inc. now owns 18,519 shares of the iPhone maker’s stock valued at $4,315,000 after acquiring an additional 13,054 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in shares of Apple by 0.7% during the third quarter. Dynamic Advisor Solutions LLC now owns 488,030 shares of the iPhone maker’s stock worth $109,659,000 after purchasing an additional 3,621 shares in the last quarter. Blue Zone Wealth Advisors LLC increased its stake in Apple by 2.6% during the 3rd quarter. Blue Zone Wealth Advisors LLC now owns 51,863 shares of the iPhone maker’s stock worth $12,084,000 after buying an additional 1,298 shares during the period. Axiom Advisory LLC grew its position in shares of Apple by 13.7% during the third quarter. Axiom Advisory LLC now owns 541,915 shares of the iPhone maker’s stock worth $120,952,000 after buying an additional 65,325 shares in the last quarter. Finally, Williams & Novak LLC grew its position in shares of Apple by 14.4% in the 3rd quarter. Williams & Novak LLC now owns 12,708 shares of the iPhone maker’s stock worth $2,961,000 after acquiring an additional 1,604 shares in the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Trading Up 0.6 %

NASDAQ AAPL opened at $229.87 on Monday. The stock has a 50-day simple moving average of $227.73 and a 200 day simple moving average of $218.30. The company has a market capitalization of $3.47 trillion, a PE ratio of 37.81, a P/E/G ratio of 2.24 and a beta of 1.24. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. Apple’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the company earned $1.46 earnings per share. Research analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Insider Transactions at Apple

In related news, SVP Katherine L. Adams sold 61,019 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the sale, the senior vice president now directly owns 187,043 shares in the company, valued at $42,309,126.60. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 408,170 shares of company stock worth $92,007,745. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on AAPL. Rosenblatt Securities upped their target price on Apple from $261.00 to $262.00 and gave the company a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. reissued an “overweight” rating and set a $265.00 target price on shares of Apple in a research note on Tuesday, September 10th. Loop Capital cut their price target on Apple from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Piper Sandler reissued a “neutral” rating and issued a $225.00 price target on shares of Apple in a research report on Wednesday, October 9th. Finally, Wedbush restated an “outperform” rating and set a $285.00 price objective on shares of Apple in a report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $235.25.

Apple Company Profile

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.