JFS Wealth Advisors LLC Purchases 12,637 Shares of Apple Inc. (NASDAQ:AAPL)

JFS Wealth Advisors LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 9.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 140,049 shares of the iPhone maker’s stock after acquiring an additional 12,637 shares during the quarter. Apple accounts for 2.2% of JFS Wealth Advisors LLC’s portfolio, making the stock its 13th biggest holding. JFS Wealth Advisors LLC’s holdings in Apple were worth $32,631,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Diversify Wealth Management LLC increased its holdings in Apple by 20.9% during the third quarter. Diversify Wealth Management LLC now owns 63,923 shares of the iPhone maker’s stock valued at $14,751,000 after buying an additional 11,060 shares during the last quarter. First Trust Direct Indexing L.P. grew its position in shares of Apple by 9.1% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 460,167 shares of the iPhone maker’s stock valued at $107,219,000 after acquiring an additional 38,467 shares during the period. New York State Teachers Retirement System increased its stake in shares of Apple by 0.7% in the 3rd quarter. New York State Teachers Retirement System now owns 13,984,461 shares of the iPhone maker’s stock worth $3,258,379,000 after purchasing an additional 93,282 shares in the last quarter. Edge Financial Advisors LLC bought a new position in Apple in the 3rd quarter worth $6,424,000. Finally, Golden State Equity Partners grew its holdings in Apple by 2.4% during the third quarter. Golden State Equity Partners now owns 116,184 shares of the iPhone maker’s stock valued at $27,071,000 after purchasing an additional 2,751 shares during the period. Institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

NASDAQ AAPL opened at $250.42 on Wednesday. The business’s 50 day moving average price is $238.02 and its 200-day moving average price is $228.43. The company has a market cap of $3.79 trillion, a P/E ratio of 41.19, a P/E/G ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10.

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

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.40%. The ex-dividend date was Friday, November 8th. Apple’s payout ratio is 16.45%.

Analyst Upgrades and Downgrades

AAPL has been the topic of several recent research reports. Wedbush raised their price objective on Apple from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Thursday, December 26th. Oppenheimer restated a “buy” rating and set a $250.00 target price on shares of Apple in a research note on Tuesday, October 1st. UBS Group reiterated a “neutral” rating and issued a $236.00 price target on shares of Apple in a research report on Monday, December 2nd. New Street Research restated a “neutral” rating and set a $225.00 target price on shares of Apple in a research note on Wednesday, September 25th. Finally, Rosenblatt Securities increased their price target on Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average price target of $237.47.

Insider Buying and Selling

In other Apple news, CFO Luca Maestri sold 59,305 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares in the company, valued at approximately $24,416,137.76. This trade represents a 35.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction 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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold 163,435 shares of company stock valued at $39,376,002 over the last 90 days. Corporate insiders own 0.06% of the company’s stock.

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.