Apple Inc. $AAPL Shares Acquired by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. lifted its position in Apple Inc. (NASDAQ:AAPLFree Report) by 8.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 354,537 shares of the iPhone maker’s stock after buying an additional 26,189 shares during the quarter. Apple makes up 4.2% of Meeder Advisory Services Inc.’s investment portfolio, making the stock its 4th largest holding. Meeder Advisory Services Inc.’s holdings in Apple were worth $90,276,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Capstone Wealth Management LLC raised its stake in shares of Apple by 0.5% in 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 in the last quarter. Baker Boyer National Bank grew its stake in Apple by 0.3% during the 2nd quarter. Baker Boyer National Bank now owns 18,011 shares of the iPhone maker’s stock worth $3,695,000 after purchasing an additional 47 shares in the last quarter. Beddow Capital Management Inc. increased its holdings in Apple by 1.8% during the 2nd 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 during the period. Uncommon Cents Investing LLC increased its holdings in Apple by 0.4% during the 3rd 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 during the period. Finally, Vermillion Wealth Management Inc. raised its position 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 in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Down 0.2%

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

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

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Monday, February 9th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, February 9th. Apple’s payout ratio is presently 13.15%.

Insider Buying and Selling

In related news, insider Chris Kondo sold 3,752 shares of the company’s stock in a transaction 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 completion of the sale, the insider owned 15,098 shares in the company, valued at $4,095,030.54. This represents a 19.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is currently owned by company insiders.

More Apple News

Here are the key news stories impacting Apple this week:

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AAPL. Stephens set a $315.00 price objective on Apple in a research report on Monday, January 26th. Argus set a $325.00 price target on shares of Apple and gave the stock a “buy” rating in a research note on Friday, October 31st. Bank of America boosted their price target on shares of Apple from $270.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Melius Research set a $345.00 price objective on shares of Apple in a report on Friday, October 31st. Finally, Scotiabank set a $330.00 price objective on shares of Apple in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $291.70.

Read Our Latest Report on AAPL

Apple Company 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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