Apple Inc. (NASDAQ:AAPL) Shares Bought by Deltec Asset Management LLC

Deltec Asset Management LLC grew its position in Apple Inc. (NASDAQ:AAPL) by 23.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,613 shares of the iPhone maker’s stock after purchasing an additional 6,093 shares during the quarter. Apple makes up 1.5% of Deltec Asset Management LLC’s investment portfolio, making the stock its 19th largest position. Deltec Asset Management LLC’s holdings in Apple were worth $7,599,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Fidelis Capital Partners LLC raised its stake in Apple by 7.1% in the third quarter. Fidelis Capital Partners LLC now owns 220,444 shares of the iPhone maker’s stock valued at $50,870,000 after buying an additional 14,616 shares in the last quarter. Valmark Advisers Inc. increased its holdings in shares of Apple by 1.0% in the 3rd quarter. Valmark Advisers Inc. now owns 197,176 shares of the iPhone maker’s stock valued at $45,942,000 after acquiring an additional 1,998 shares during the last quarter. Argyle Capital Management Inc. raised its position in shares of Apple by 4.6% during the 3rd quarter. Argyle Capital Management Inc. now owns 4,745 shares of the iPhone maker’s stock worth $1,106,000 after acquiring an additional 209 shares in the last quarter. Hedeker Wealth LLC lifted its stake in Apple by 1.1% during the third quarter. Hedeker Wealth LLC now owns 65,496 shares of the iPhone maker’s stock worth $15,261,000 after purchasing an additional 729 shares during the last quarter. Finally, PBMares Wealth Management LLC boosted its holdings in Apple by 0.5% in the third quarter. PBMares Wealth Management LLC now owns 42,296 shares of the iPhone maker’s stock valued at $9,855,000 after purchasing an additional 214 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 508,170 shares of company stock valued at $117,004,745. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Piper Sandler restated a “neutral” rating and set a $225.00 price objective on shares of Apple in a research report on Wednesday, October 9th. Bank of America upped their price objective on shares of Apple to $256.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Citigroup lifted their target price on Apple to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Maxim Group upped their target price on Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Two investment 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $237.47.

Apple Stock Performance

NASDAQ:AAPL opened at $252.20 on Tuesday. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10. The firm has a market cap of $3.81 trillion, a PE ratio of 41.48, a P/E/G ratio of 2.41 and a beta of 1.23. The firm has a 50 day simple moving average of $237.41 and a 200-day simple moving average of $227.89. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83.

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 during the quarter, compared to analyst estimates of $94.52 billion. During the same quarter in the prior year, the business posted $1.46 earnings per share. Apple’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities analysts expect that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend 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.