Apple Inc. (NASDAQ:AAPL) Position Raised by Ferguson Shapiro LLC

Ferguson Shapiro LLC grew its position in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 16.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,694 shares of the iPhone maker’s stock after purchasing an additional 2,166 shares during the quarter. Apple makes up about 1.5% of Ferguson Shapiro LLC’s portfolio, making the stock its 9th biggest holding. Ferguson Shapiro LLC’s holdings in Apple were worth $2,687,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Center For Asset Management LLC lifted its position in shares of Apple by 53.3% during the 2nd quarter. Center For Asset Management LLC now owns 21,898 shares of the iPhone maker’s stock valued at $4,247,000 after buying an additional 7,616 shares in the last quarter. Kingdom Financial Group LLC. raised its position in Apple by 5.5% during the third quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock worth $1,963,000 after acquiring an additional 598 shares during the period. RFG Advisory LLC lifted its holdings in Apple by 13.6% during the third quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock valued at $29,589,000 after purchasing an additional 20,737 shares in the last quarter. Conrad Siegel Investment Advisors Inc. grew its position in shares of Apple by 22.2% in the second quarter. Conrad Siegel Investment Advisors Inc. now owns 7,897 shares of the iPhone maker’s stock valued at $1,532,000 after purchasing an additional 1,436 shares during the period. Finally, M. Kraus & Co increased its stake in shares of Apple by 0.9% during the second quarter. M. Kraus & Co now owns 29,416 shares of the iPhone maker’s stock worth $5,706,000 after purchasing an additional 276 shares in the last quarter. 58.51% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Down 1.9 %

Shares of AAPL stock opened at $188.04 on Wednesday. Apple Inc. has a fifty-two week low of $141.32 and a fifty-two week high of $199.62. The company has a 50 day moving average price of $190.96 and a 200 day moving average price of $184.38. The stock has a market capitalization of $2.91 trillion, a P/E ratio of 30.73, a price-to-earnings-growth ratio of 2.31 and a beta of 1.29. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.94 and a current ratio of 0.99.

Apple (NASDAQ:AAPLGet Free Report) last posted its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $1.46 EPS for the quarter, topping the consensus estimate of $1.39 by $0.07. The business had revenue of $89.50 billion during the quarter, compared to the consensus estimate of $89.34 billion. Apple had a net margin of 25.31% and a return on equity of 160.78%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.29 earnings per share. Equities research analysts predict that Apple Inc. will post 6.58 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 13th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, November 10th. Apple’s dividend payout ratio is presently 15.69%.

Insider Activity at Apple

In other Apple news, insider Chris Kondo sold 4,806 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $184.04, for a total transaction of $884,496.24. Following the completion of the transaction, the insider now owns 34,687 shares in the company, valued at approximately $6,383,795.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Chris Kondo sold 4,806 shares of Apple stock in a transaction on Friday, November 10th. The shares were sold at an average price of $184.04, for a total transaction of $884,496.24. Following the completion of the sale, the insider now directly owns 34,687 shares of the company’s stock, valued at approximately $6,383,795.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Katherine L. Adams sold 123,448 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $188.79, for a total value of $23,305,747.92. Following the completion of the transaction, the senior vice president now directly owns 293,266 shares in the company, valued at approximately $55,365,688.14. The disclosure for this sale can be found here. Insiders have sold a total of 133,767 shares of company stock valued at $25,248,740 over the last 90 days. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Rosenblatt Securities lowered their price objective on Apple from $198.00 to $189.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. DA Davidson started coverage on Apple in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price target on the stock. Sanford C. Bernstein reissued a “market perform” rating and issued a $195.00 price objective on shares of Apple in a research note on Monday, October 9th. Oppenheimer decreased their price objective on Apple from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Monday, October 30th. Finally, Tigress Financial upped their target price on shares of Apple from $225.00 to $240.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average target price of $205.22.

Get Our Latest Stock Report on AAPL

Apple Profile

(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.

Further Reading

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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