Apple Inc. (NASDAQ:AAPL) Shares Bought by Golden State Equity Partners

Golden State Equity Partners grew its holdings in Apple Inc. (NASDAQ:AAPL) by 2.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 116,184 shares of the iPhone maker’s stock after acquiring an additional 2,751 shares during the period. Apple comprises approximately 6.0% of Golden State Equity Partners’ holdings, making the stock its biggest holding. Golden State Equity Partners’ holdings in Apple were worth $27,071,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Highline Wealth Partners LLC purchased a new stake in shares of Apple during the 3rd quarter valued at about $14,989,000. Trajan Wealth LLC raised its stake in shares of Apple by 9.5% during the third quarter. Trajan Wealth LLC now owns 191,920 shares of the iPhone maker’s stock valued at $44,717,000 after purchasing an additional 16,707 shares during the period. Childress Capital Advisors LLC lifted its position in shares of Apple by 0.6% during the third quarter. Childress Capital Advisors LLC now owns 51,559 shares of the iPhone maker’s stock worth $12,013,000 after purchasing an additional 309 shares in the last quarter. Highview Capital Management LLC DE boosted its stake in shares of Apple by 3.1% in the third quarter. Highview Capital Management LLC DE now owns 49,109 shares of the iPhone maker’s stock valued at $11,442,000 after purchasing an additional 1,498 shares during the period. Finally, Better Money Decisions LLC grew its holdings in Apple by 1.1% during the 3rd quarter. Better Money Decisions LLC now owns 17,836 shares of the iPhone maker’s stock valued at $4,156,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Oppenheimer reissued a “buy” rating and issued a $250.00 price target on shares of Apple in a report on Tuesday, October 1st. Barclays dropped their price objective on Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, November 1st. Moffett Nathanson reduced their target price on Apple from $211.00 to $202.00 and set a “neutral” rating for the company in a research note on Tuesday, November 19th. Finally, Loop Capital dropped their price target on shares of Apple from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $237.47.

Apple Stock Performance

AAPL opened at $250.42 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The business’s 50 day moving average is $238.02 and its 200-day moving average is $228.43. The stock has a market cap of $3.79 trillion, a PE ratio of 41.19, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10.

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

Apple Announces Dividend

The business 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 yield of 0.40%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s payout ratio is currently 16.45%.

Insider Activity at Apple

In other Apple news, CFO Luca Maestri sold 59,305 shares of the stock in a transaction on Friday, October 4th. The stock was 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 approximately $24,416,137.76. This trade represents a 35.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 163,435 shares of company stock worth $39,376,002 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

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.