Curio Wealth LLC Raises Holdings in Apple Inc. $AAPL

Curio Wealth LLC grew its holdings in Apple Inc. (NASDAQ:AAPL) by 35,741.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,093 shares of the iPhone maker’s stock after buying an additional 6,076 shares during the quarter. Apple comprises 0.5% of Curio Wealth LLC’s investment portfolio, making the stock its 25th biggest holding. Curio Wealth LLC’s holdings in Apple were worth $1,250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Ryan Investment Management Inc. acquired a new position in shares of Apple during the 2nd quarter worth $31,000. ROSS JOHNSON & Associates LLC boosted its holdings in Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after buying an additional 180 shares in the last quarter. Nexus Investment Management ULC grew its position in Apple by 333.3% during the second quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock worth $53,000 after buying an additional 200 shares during the period. LSV Asset Management purchased a new position in Apple in the fourth quarter valued at about $65,000. Finally, Elite Financial Inc. acquired a new stake in shares of Apple during the 1st quarter valued at approximately $58,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Up 0.4%

AAPL opened at $276.97 on Wednesday. The firm has a market cap of $4.09 trillion, a P/E ratio of 42.03, a PEG ratio of 2.62 and a beta of 1.09. The business’s fifty day simple moving average is $261.05 and its 200 day simple moving average is $230.47. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $280.38. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25.

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

Apple Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AAPL shares. Rosenblatt Securities upped their price target on Apple from $241.00 to $250.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. TD Cowen upped their target price on Apple from $275.00 to $325.00 and gave the company a “buy” rating in a report on Friday, October 31st. Citigroup restated a “buy” rating and issued a $315.00 price target (up previously from $245.00) on shares of Apple in a research report on Friday, October 31st. Barclays boosted their price objective on shares of Apple from $180.00 to $230.00 and gave the stock an “underweight” rating in a research report on Friday, October 31st. Finally, Morgan Stanley increased their price objective on shares of Apple from $298.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $278.22.

Insider Buying and Selling

In other news, SVP Katherine L. Adams sold 47,125 shares of Apple stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total value of $12,101,228.75. Following the completion of the sale, the senior vice president owned 179,158 shares of the company’s stock, valued at $46,005,982.82. The trade was a 20.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Deirdre O’brien sold 43,013 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $257.39, for a total value of $11,071,116.07. Following the completion of the transaction, the senior vice president owned 136,687 shares of the company’s stock, valued at $35,181,866.93. The trade was a 23.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 228,052 shares of company stock worth $58,604,588 in the last three months. 0.06% of the stock is currently owned by insiders.

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.