Apple Inc. $AAPL Shares Purchased by Financial Symmetry Inc

Financial Symmetry Inc boosted its stake in Apple Inc. (NASDAQ:AAPL) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,109 shares of the iPhone maker’s stock after acquiring an additional 303 shares during the quarter. Apple comprises about 1.3% of Financial Symmetry Inc’s holdings, making the stock its 16th largest holding. Financial Symmetry Inc’s holdings in Apple were worth $2,484,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Financial Futures Ltd Liability Co. grew its stake in Apple by 13.2% in the second quarter. Financial Futures Ltd Liability Co. now owns 3,552 shares of the iPhone maker’s stock worth $729,000 after purchasing an additional 415 shares in the last quarter. Avid Wealth Partners LLC lifted its holdings in Apple by 28.3% during the 1st quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock worth $935,000 after buying an additional 930 shares during the last quarter. Bell & Brown Wealth Advisors LLC grew its position in shares of Apple by 0.4% in the 1st quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock worth $13,772,000 after acquiring an additional 240 shares in the last quarter. American National Bank & Trust increased its holdings in shares of Apple by 2.4% in the 2nd quarter. American National Bank & Trust now owns 195,482 shares of the iPhone maker’s stock valued at $40,107,000 after acquiring an additional 4,543 shares during the last quarter. Finally, Andina Capital Management LLC raised its position in shares of Apple by 209.2% during the 1st quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock valued at $1,507,000 after acquiring an additional 4,591 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Transactions at Apple

In other news, SVP Deirdre O’brien sold 43,013 shares of Apple stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the transaction, the senior vice president owned 136,687 shares in the company, valued at approximately $35,181,866.93. The trade was a 23.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Chris Kondo sold 3,752 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $271.23, for a total value of $1,017,654.96. Following the transaction, the insider directly owned 15,098 shares in the company, valued at $4,095,030.54. The trade was a 19.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 228,052 shares of company stock worth $58,604,588. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of Apple from $279.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, October 31st. TD Cowen lifted their price target on shares of Apple from $275.00 to $325.00 and gave the company a “buy” rating in a report on Friday, October 31st. Citigroup reiterated a “buy” rating and set a $315.00 price objective (up previously from $245.00) on shares of Apple in a research note on Friday, October 31st. Argus set a $325.00 target price on Apple and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, Jefferies Financial Group raised Apple from an “underperform” rating to a “hold” rating and upped their target price for the company from $203.07 to $246.99 in a report on Friday, October 31st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell 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 $278.22.

Apple Stock Performance

Shares of AAPL opened at $267.44 on Wednesday. The firm’s 50 day moving average is $257.18 and its 200-day moving average is $227.87. The stock has a market capitalization of $3.95 trillion, a P/E ratio of 40.58, a P/E/G ratio of 2.62 and a beta of 1.09. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $277.32.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.11. The company had revenue of $102.47 billion for the quarter, compared to analyst estimates of $101.65 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.Apple’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.64 earnings per share. Equities research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 10th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, November 10th. Apple’s dividend payout ratio is 13.92%.

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.