Orin Green Financial LLC Increases Stock Position in Apple Inc. (NASDAQ:AAPL)

Orin Green Financial LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 31.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,275 shares of the iPhone maker’s stock after purchasing an additional 2,718 shares during the quarter. Apple comprises 1.1% of Orin Green Financial LLC’s investment portfolio, making the stock its 18th largest holding. Orin Green Financial LLC’s holdings in Apple were worth $2,627,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. increased its stake in shares of Apple by 127.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock worth $12,943,000 after acquiring an additional 42,282 shares during the period. Banco BTG Pactual S.A. purchased a new stake in Apple in the 1st quarter valued at approximately $8,277,000. Gruss & Co. LLC increased its position in Apple by 136.4% during the 1st quarter. Gruss & Co. LLC now owns 5,200 shares of the iPhone maker’s stock worth $892,000 after purchasing an additional 3,000 shares during the period. Cumberland Partners Ltd raised its stake in shares of Apple by 7.6% during the 1st quarter. Cumberland Partners Ltd now owns 167,563 shares of the iPhone maker’s stock worth $28,734,000 after buying an additional 11,815 shares in the last quarter. Finally, Windsor Advisory Group LLC grew its holdings in Apple by 15.3% during the first quarter. Windsor Advisory Group LLC now owns 3,988 shares of the iPhone maker’s stock worth $684,000 after acquiring an additional 528 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Performance

Shares of AAPL stock opened at $246.75 on Tuesday. The company’s fifty day simple moving average is $230.80 and its 200-day simple moving average is $222.26. 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 Inc. has a 52 week low of $164.07 and a 52 week high of $247.24. The company has a market cap of $3.73 trillion, a PE ratio of 40.58, a P/E/G ratio of 2.38 and a beta of 1.23.

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

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio (DPR) is 16.45%.

Insider Activity

In other Apple news, CFO Luca Maestri sold 59,305 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the completion of the transaction, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at $24,416,137.76. This trade represents a 35.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction dated 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. This trade represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 408,170 shares of company stock worth $92,007,745 over the last 90 days. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Morgan Stanley reissued an “overweight” rating and issued a $273.00 target price on shares of Apple in a report on Monday, November 25th. Loop Capital lowered their price target on Apple from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Rosenblatt Securities boosted their target price on Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Piper Sandler restated a “neutral” rating and issued a $225.00 price target on shares of Apple in a research report on Wednesday, October 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price objective on shares of Apple in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

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.