Apple Inc. $AAPL is Meeder Advisory Services Inc.’s 4th Largest Position

Meeder Advisory Services Inc. boosted its holdings in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 8.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 354,537 shares of the iPhone maker’s stock after purchasing an additional 26,189 shares during the quarter. Apple makes up 4.2% of Meeder Advisory Services Inc.’s holdings, making the stock its 4th largest position. Meeder Advisory Services Inc.’s holdings in Apple were worth $90,276,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capstone Wealth Management LLC raised its holdings in shares of Apple by 0.5% during the third quarter. Capstone Wealth Management LLC now owns 8,537 shares of the iPhone maker’s stock valued at $2,174,000 after acquiring an additional 42 shares during the last quarter. Baker Boyer National Bank boosted its stake in shares of Apple by 0.3% in the second quarter. Baker Boyer National Bank now owns 18,011 shares of the iPhone maker’s stock worth $3,695,000 after acquiring an additional 47 shares during the last quarter. Beddow Capital Management Inc. increased its position in shares of Apple by 1.8% during the second quarter. Beddow Capital Management Inc. now owns 2,597 shares of the iPhone maker’s stock worth $533,000 after purchasing an additional 47 shares in the last quarter. Uncommon Cents Investing LLC increased its position in shares of Apple by 0.4% during the third quarter. Uncommon Cents Investing LLC now owns 10,609 shares of the iPhone maker’s stock worth $2,701,000 after purchasing an additional 47 shares in the last quarter. Finally, Vermillion Wealth Management Inc. raised its stake in Apple by 0.5% in the 3rd quarter. Vermillion Wealth Management Inc. now owns 9,646 shares of the iPhone maker’s stock valued at $2,456,000 after purchasing an additional 47 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AAPL. Royal Bank Of Canada set a $325.00 target price on shares of Apple in a research note on Monday. Barclays reissued an “underweight” rating and issued a $239.00 price target (up from $230.00) on shares of Apple in a research note on Friday. JPMorgan Chase & Co. boosted their price target on shares of Apple from $315.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. TD Cowen reiterated a “buy” rating and issued a $325.00 price objective on shares of Apple in a report on Friday, January 30th. Finally, DA Davidson reissued a “neutral” rating and issued a $270.00 target price on shares of Apple in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $291.70.

Get Our Latest Stock Analysis on Apple

Apple Trading Down 0.2%

Shares of Apple stock opened at $269.48 on Wednesday. The stock has a 50 day moving average of $268.11 and a 200 day moving average of $252.84. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.94 and a current ratio of 0.97. The firm has a market capitalization of $3.96 trillion, a price-to-earnings ratio of 34.07, a PEG ratio of 2.41 and a beta of 1.09. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $288.62.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings results on Thursday, January 29th. The iPhone maker reported $2.84 EPS for the quarter, beating the consensus estimate of $2.67 by $0.17. The business had revenue of $143.76 billion for the quarter, compared to analyst estimates of $138.25 billion. Apple had a return on equity of 159.94% and a net margin of 27.04%.The company’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.40 EPS. As a group, research analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Monday, February 9th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, February 9th. Apple’s dividend payout ratio (DPR) is 13.15%.

Insider Buying and Selling at Apple

In other news, insider Chris Kondo sold 3,752 shares of the business’s stock in a transaction that occurred 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 sale, the insider directly owned 15,098 shares of the company’s stock, valued at approximately $4,095,030.54. The trade was a 19.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

Apple Profile

(Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

Further Reading

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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