Grey Fox Wealth Advisors LLC Boosts Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Grey Fox Wealth Advisors LLC lifted its stake in Apple Inc. (NASDAQ:AAPL) by 6.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,082 shares of the iPhone maker’s stock after buying an additional 1,637 shares during the period. Apple makes up approximately 1.8% of Grey Fox Wealth Advisors LLC’s holdings, making the stock its 13th largest holding. Grey Fox Wealth Advisors LLC’s holdings in Apple were worth $6,543,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Great Lakes Retirement Inc. raised its holdings in Apple by 3.1% during the 3rd quarter. Great Lakes Retirement Inc. now owns 86,245 shares of the iPhone maker’s stock valued at $20,095,000 after buying an additional 2,575 shares during the last quarter. Tanager Wealth Management LLP increased its position in shares of Apple by 0.3% in the third quarter. Tanager Wealth Management LLP now owns 90,642 shares of the iPhone maker’s stock valued at $21,120,000 after acquiring an additional 266 shares during the period. International Assets Investment Management LLC raised its stake in shares of Apple by 20,372.7% during the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after acquiring an additional 93,886,664 shares during the last quarter. Axecap Investments LLC purchased a new stake in shares of Apple during the third quarter worth about $1,618,000. Finally, Heartland Bank & Trust Co grew its stake in shares of Apple by 0.4% in the third quarter. Heartland Bank & Trust Co now owns 51,019 shares of the iPhone maker’s stock worth $11,887,000 after purchasing an additional 218 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Activity at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Timothy D. Cook sold 223,986 shares of the company’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 sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 508,170 shares of company stock worth $117,004,745. 0.06% of the stock is owned by insiders.

Apple Price Performance

AAPL opened at $254.49 on Friday. The company’s 50-day simple moving average is $234.97 and its two-hundred day simple moving average is $225.70. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The stock has a market capitalization of $3.85 trillion, a P/E ratio of 41.86, a P/E/G ratio of 2.41 and a beta of 1.23. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $255.00.

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

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Friday, November 8th. Apple’s payout ratio is currently 16.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AAPL shares. Morgan Stanley reiterated an “overweight” rating and issued a $273.00 price objective on shares of Apple in a report on Friday, December 13th. Loop Capital dropped 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. Maxim Group boosted their price objective on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Barclays cut their target price on shares of Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, November 1st. Finally, Wells Fargo & Company increased their price target on shares of Apple to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.