Apple Inc. $AAPL Shares Acquired by HCR Wealth Advisors

HCR Wealth Advisors lifted its position in Apple Inc. (NASDAQ:AAPL) by 1.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 536,830 shares of the iPhone maker’s stock after acquiring an additional 7,424 shares during the period. Apple accounts for 14.3% of HCR Wealth Advisors’ investment portfolio, making the stock its biggest holding. HCR Wealth Advisors’ holdings in Apple were worth $138,035,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jackson Wealth Management LLC raised its holdings in shares of Apple by 1.1% during the third quarter. Jackson Wealth Management LLC now owns 201,857 shares of the iPhone maker’s stock worth $51,399,000 after purchasing an additional 2,120 shares during the last quarter. Summit Financial Wealth Advisors LLC raised its position in Apple by 11.0% during the third quarter. Summit Financial Wealth Advisors LLC now owns 44,068 shares of the iPhone maker’s stock worth $11,257,000 after acquiring an additional 4,381 shares during the period. Aaron Wealth Advisors LLC grew its position in shares of Apple by 65.2% in the third quarter. Aaron Wealth Advisors LLC now owns 186,953 shares of the iPhone maker’s stock valued at $47,604,000 after purchasing an additional 73,801 shares during the period. First Citizens Financial Corp lifted its stake in Apple by 1.6% in the 3rd quarter. First Citizens Financial Corp now owns 21,933 shares of the iPhone maker’s stock valued at $5,585,000 after buying an additional 354 shares in the last quarter. Finally, Shorepoint Capital Partners LLC acquired a new stake in shares of Apple in the third quarter worth approximately $7,314,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $271.84 on Thursday. The business has a fifty day simple moving average of $269.23 and a 200-day simple moving average of $238.57. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 1.06. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $288.62. The company has a market cap of $4.02 trillion, a P/E ratio of 36.39, a P/E/G ratio of 2.57 and a beta of 1.10.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.11. Apple had a net margin of 26.92% and a return on equity of 164.05%. The business 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 business posted $1.64 EPS. The business’s quarterly revenue was up 8.7% on a year-over-year basis. Equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

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

Insider Activity at Apple

In other news, CEO Timothy D. Cook sold 129,963 shares of the business’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 transaction, the chief executive officer directly owned 3,280,295 shares in the company, valued at $842,412,558.95. The trade was a 3.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kevan Parekh sold 4,199 shares of the company’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $247.39, for a total value of $1,038,790.61. Following the completion of the transaction, the chief financial officer directly owned 8,765 shares in the company, valued at approximately $2,168,373.35. The trade was a 32.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 228,052 shares of company stock worth $58,604,588 in the last quarter. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Phillip Securities lowered shares of Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 target price for the company. in a report on Thursday, September 11th. Wedbush set a $350.00 price objective on Apple and gave the stock an “outperform” rating in a research report on Monday, December 8th. JPMorgan Chase & Co. upped their price objective on Apple from $290.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. DZ Bank raised shares of Apple from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Tuesday, November 4th. Finally, Wall Street Zen downgraded Apple from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average target price of $283.92.

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.