Apple Inc. (NASDAQ:AAPL) Stock Position Boosted by Oxler Private Wealth LLC

Oxler Private Wealth LLC lifted its position in Apple Inc. (NASDAQ:AAPL) by 2.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,023 shares of the iPhone maker’s stock after purchasing an additional 835 shares during the period. Apple accounts for about 3.5% of Oxler Private Wealth LLC’s investment portfolio, making the stock its 8th biggest position. Oxler Private Wealth LLC’s holdings in Apple were worth $10,024,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Verus Financial Partners Inc. grew its position in shares of Apple by 0.3% in the second quarter. Verus Financial Partners Inc. now owns 16,929 shares of the iPhone maker’s stock valued at $3,566,000 after purchasing an additional 48 shares during the last quarter. Brown Financial Advisory raised its position in shares of Apple by 3.8% in the 2nd quarter. Brown Financial Advisory now owns 1,364 shares of the iPhone maker’s stock valued at $287,000 after purchasing an additional 50 shares in the last quarter. Core Wealth Management Inc. raised its stake in Apple by 1.7% during the second quarter. Core Wealth Management Inc. now owns 2,968 shares of the iPhone maker’s stock valued at $625,000 after buying an additional 50 shares in the last quarter. Lowery Thomas LLC lifted its position in shares of Apple by 0.7% in the 2nd quarter. Lowery Thomas LLC now owns 7,607 shares of the iPhone maker’s stock worth $1,602,000 after buying an additional 50 shares during the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. raised its stake in Apple by 1.1% during the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 4,505 shares of the iPhone maker’s stock worth $949,000 after acquiring an additional 51 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on AAPL shares. Wedbush reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Apple in a research report on Friday, November 29th. Monness Crespi & Hardt restated a “buy” rating and issued a $245.00 target price on shares of Apple in a report on Monday, September 9th. Maxim Group upped their target price on Apple from $203.00 to $215.00 and gave the company a “hold” rating in a report on Friday, November 1st. New Street Research reissued a “neutral” rating and issued a $225.00 price target on shares of Apple in a research note on Wednesday, September 25th. Finally, Rosenblatt Securities upped their price objective on shares of Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.68.

Insider Activity at Apple

In related news, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. The trade was a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 408,170 shares of company stock worth $92,007,745 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Up 1.3 %

AAPL stock opened at $242.65 on Wednesday. The business’s 50-day simple moving average is $229.59 and its 200 day simple moving average is $220.74. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The company has a market cap of $3.67 trillion, a PE ratio of 39.91, a price-to-earnings-growth ratio of 2.35 and a beta of 1.23. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $242.76.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The business had revenue of $94.93 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $1.46 EPS. On average, research analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio is presently 16.45%.

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.