Catalyst Financial Partners LLC lifted its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,589 shares of the iPhone maker's stock after purchasing an additional 3,935 shares during the period. Apple accounts for about 4.4% of Catalyst Financial Partners LLC's investment portfolio, making the stock its 5th biggest holding. Catalyst Financial Partners LLC's holdings in Apple were worth $22,505,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Lantz Financial LLC grew its holdings in Apple by 8.6% in the second quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker's stock worth $6,266,000 after purchasing an additional 2,361 shares during the period. Diversify Advisory Services LLC increased its position in Apple by 3.9% during the 2nd quarter. Diversify Advisory Services LLC now owns 288,767 shares of the iPhone maker's stock valued at $66,035,000 after buying an additional 10,951 shares in the last quarter. Congress Park Capital LLC raised its stake in Apple by 2.7% during the second quarter. Congress Park Capital LLC now owns 46,905 shares of the iPhone maker's stock valued at $9,879,000 after buying an additional 1,254 shares during the last quarter. FSM Wealth Advisors LLC boosted its holdings in Apple by 1.5% in the second quarter. FSM Wealth Advisors LLC now owns 38,446 shares of the iPhone maker's stock worth $8,098,000 after acquiring an additional 572 shares in the last quarter. Finally, Cypress Wealth Services LLC grew its stake in shares of Apple by 0.5% in the second quarter. Cypress Wealth Services LLC now owns 132,701 shares of the iPhone maker's stock worth $27,950,000 after acquiring an additional 725 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on AAPL. Morgan Stanley reiterated an "overweight" rating and issued a $273.00 price target on shares of Apple in a research note on Friday, December 13th. Rosenblatt Securities upped their target price on shares of Apple from $261.00 to $262.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Barclays reduced their price target on shares of Apple from $186.00 to $184.00 and set an "underweight" rating for the company in a research report on Friday, November 1st. KeyCorp cut Apple from a "sector weight" rating to an "underweight" rating and set a $200.00 price objective on the stock. in a research report on Friday, October 25th. Finally, Wedbush lifted their target price on Apple from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Thursday, December 26th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $237.47.
Get Our Latest Analysis on Apple
Apple Price Performance
NASDAQ AAPL traded down $6.57 during trading hours on Thursday, reaching $243.85. The company's stock had a trading volume of 55,516,277 shares, compared to its average volume of 57,133,910. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $3.69 trillion, a price-to-earnings ratio of 40.11, a PEG ratio of 2.41 and a beta of 1.23. The firm's 50-day moving average price is $238.41 and its 200-day moving average price is $228.58.
Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.04. The firm had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. Apple's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.46 earnings per share. On average, equities research analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.
Apple Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. Apple's dividend payout ratio (DPR) is 16.45%.
Insider Buying and Selling
In other news, COO Jeffrey E. Williams sold 100,000 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares of the company's stock, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 163,435 shares of company stock worth $39,376,002. Corporate insiders own 0.06% of the company's stock.
About Apple
(
Free Report)
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.
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