FWG Investments LLC. Acquires New Position in Apple Inc. $AAPL

FWG Investments LLC. acquired a new stake in shares of Apple Inc. (NASDAQ:AAPL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,107 shares of the iPhone maker’s stock, valued at approximately $1,253,000.

A number of other large investors have also recently modified their holdings of AAPL. Amplius Wealth Advisors LLC raised its holdings in shares of Apple by 6.0% during the 2nd quarter. Amplius Wealth Advisors LLC now owns 62,956 shares of the iPhone maker’s stock worth $12,917,000 after buying an additional 3,568 shares in the last quarter. Simon Quick Advisors LLC grew its position in Apple by 10.6% in the second quarter. Simon Quick Advisors LLC now owns 375,345 shares of the iPhone maker’s stock valued at $77,010,000 after acquiring an additional 36,001 shares during the last quarter. REDW Wealth LLC raised its stake in Apple by 1.2% during the second quarter. REDW Wealth LLC now owns 14,090 shares of the iPhone maker’s stock worth $2,891,000 after acquiring an additional 172 shares in the last quarter. Evergreen Advisors LLC raised its stake in Apple by 1.9% during the second quarter. Evergreen Advisors LLC now owns 3,545 shares of the iPhone maker’s stock worth $727,000 after acquiring an additional 67 shares in the last quarter. Finally, Coign Capital Advisors LLC boosted its stake in shares of Apple by 1.3% in the 2nd quarter. Coign Capital Advisors LLC now owns 7,228 shares of the iPhone maker’s stock valued at $1,483,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Up 1.5%

Shares of NASDAQ:AAPL opened at $283.10 on Tuesday. The firm has a market cap of $4.18 trillion, a P/E ratio of 42.96, a P/E/G ratio of 2.62 and a beta of 1.09. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $283.42. The business has a fifty day simple moving average of $263.81 and a 200 day simple moving average of $232.37. 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 quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. Apple had a return on equity of 170.91% and a net margin of 24.30%.The firm had revenue of $102.47 billion for the quarter, compared to analyst estimates of $101.65 billion. During the same quarter in the previous year, the company posted $1.64 EPS. The business’s revenue was up 8.7% on a year-over-year basis. Analysts predict that Apple Inc. will post 7.28 earnings per share for the current 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 given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, November 10th. Apple’s dividend payout ratio is currently 13.92%.

Insider Activity

In other news, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total value of $12,101,228.75. Following the transaction, the senior vice president owned 179,158 shares in the company, valued at approximately $46,005,982.82. The trade was a 20.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy D. Cook sold 129,963 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the completion of the sale, the chief executive officer directly owned 3,280,295 shares in the company, valued at approximately $842,412,558.95. This represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 228,052 shares of company stock worth $58,604,588. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. 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. Melius Research set a $345.00 target price on shares of Apple in a research note on Friday, October 31st. JPMorgan Chase & Co. increased their price target on Apple from $290.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Wedbush reissued an “outperform” rating on shares of Apple in a report on Tuesday, October 21st. Finally, Wall Street Zen cut Apple from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $278.22.

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.