Apple Inc. $AAPL Shares Purchased by Foster Group Inc.

Foster Group Inc. raised its holdings in Apple Inc. (NASDAQ:AAPLFree Report) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 145,472 shares of the iPhone maker’s stock after acquiring an additional 1,831 shares during the quarter. Apple accounts for about 1.2% of Foster Group Inc.’s portfolio, making the stock its 27th biggest holding. Foster Group Inc.’s holdings in Apple were worth $37,042,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC raised its position in shares of Apple by 573,627.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock worth $39,065,374,000 after purchasing an additional 205,656,808 shares during the period. Norges Bank purchased a new stake in Apple during the second quarter valued at about $38,942,255,000. Nuveen LLC acquired a new position in shares of Apple in the first quarter worth about $17,472,482,000. PKS Advisory Services LLC increased its position in shares of Apple by 98,917.0% in the second quarter. PKS Advisory Services LLC now owns 57,956,620 shares of the iPhone maker’s stock worth $12,106,000 after acquiring an additional 57,898,088 shares in the last quarter. Finally, Laurel Wealth Advisors LLC raised its holdings in shares of Apple by 20,464.8% during the second quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker’s stock valued at $5,553,753,000 after acquiring an additional 26,937,401 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 3,752 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $271.23, for a total transaction of $1,017,654.96. Following the transaction, the insider directly owned 15,098 shares in the company, valued at $4,095,030.54. This trade represents a 19.90% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 dated Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total value of $11,071,116.07. Following the sale, the senior vice president owned 136,687 shares of the company’s stock, valued at approximately $35,181,866.93. This trade represents a 23.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 228,052 shares of company stock worth $58,604,588 in the last ninety days. Company insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of AAPL stock opened at $273.76 on Tuesday. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $288.62. The stock’s 50-day moving average is $272.77 and its two-hundred day moving average is $242.85. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.89 and a quick ratio of 0.86. The firm has a market cap of $4.05 trillion, a P/E ratio of 36.65, a PEG ratio of 2.56 and a beta of 1.10.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, beating the consensus estimate of $1.74 by $0.11. Apple had a return on equity of 164.05% and a net margin of 26.92%.The business had revenue of $102.47 billion during the quarter, compared to analysts’ expectations of $101.65 billion. During the same quarter in the previous year, the business posted $1.64 EPS. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. Analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 10th were issued a dividend of $0.26 per share. The ex-dividend date was Monday, November 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s dividend payout ratio (DPR) is currently 13.92%.

Key Stores Impacting Apple

Here are the key news stories impacting Apple this week:

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of recent analyst reports. Wells Fargo & Company set a $300.00 price objective on shares of Apple and gave the stock an “overweight” rating in a research note on Friday, October 31st. HSBC set a $220.00 target price on Apple and gave the stock a “hold” rating in a research report on Monday, September 8th. Melius increased their price objective on Apple from $290.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Wall Street Zen lowered Apple from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Sanford C. Bernstein set a $325.00 target price on Apple in a report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $283.92.

Get Our Latest Stock Analysis on Apple

About Apple

(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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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