Apple Inc. (NASDAQ:AAPL) Shares Bought by Warren Street Wealth Advisors LLC

Warren Street Wealth Advisors LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 7.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,403 shares of the iPhone maker’s stock after acquiring an additional 1,315 shares during the quarter. Apple accounts for about 1.8% of Warren Street Wealth Advisors LLC’s investment portfolio, making the stock its 13th largest holding. Warren Street Wealth Advisors LLC’s holdings in Apple were worth $4,288,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AAPL. Swedbank AB acquired a new stake in Apple in the first quarter valued at approximately $3,026,492,000. Strategic Financial Concepts LLC grew its position in shares of Apple by 14,145.8% during the second quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock worth $1,603,000 after buying an additional 7,558,826 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of Apple by 158.3% during the first quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker’s stock worth $1,977,582,000 after buying an additional 7,067,379 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Apple by 161.2% during the first quarter. Lazard Asset Management LLC now owns 8,759,445 shares of the iPhone maker’s stock worth $1,502,068,000 after buying an additional 5,405,542 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in shares of Apple during the second quarter worth approximately $834,368,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of recent analyst reports. Wedbush reissued an “outperform” rating and set a $300.00 price target on shares of Apple in a research report on Friday, November 29th. Monness Crespi & Hardt reissued a “buy” rating and set a $245.00 price target on shares of Apple in a research report on Monday, September 9th. Evercore ISI reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Apple in a report on Thursday, September 26th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $265.00 price objective on shares of Apple in a report on Tuesday, September 10th. Finally, Loop Capital decreased their price objective on shares of Apple from $300.00 to $275.00 and set a “buy” rating for the company in a report on Monday, November 4th. Two research 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.78.

Insiders Place Their Bets

In related news, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of Apple 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 completion of the transaction, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. This represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 408,170 shares of company stock worth $92,007,745. 0.06% of the stock is owned by corporate insiders.

Apple Price Performance

Shares of NASDAQ AAPL opened at $248.13 on Friday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $250.80. The firm’s 50-day simple moving average is $232.50 and its 200 day simple moving average is $223.41. 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 stock has a market cap of $3.75 trillion, a P/E ratio of 40.81, a P/E/G ratio of 2.41 and a beta of 1.23.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. During the same period in the previous year, the business earned $1.46 earnings per share. Apple’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities analysts expect that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared 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 0.40%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Apple 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.