Beacon Financial Advisory LLC Has $5.87 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Beacon Financial Advisory LLC grew its position in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,294 shares of the iPhone maker’s stock after buying an additional 305 shares during the period. Apple comprises 3.2% of Beacon Financial Advisory LLC’s portfolio, making the stock its 3rd largest position. Beacon Financial Advisory LLC’s holdings in Apple were worth $5,871,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Atlantic Private Wealth LLC bought a new position in Apple in the first quarter worth about $30,000. Cheyne Capital Management UK LLP raised its position in shares of Apple by 200.0% during the 3rd quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock worth $212,000 after purchasing an additional 550 shares during the period. West Tower Group LLC bought a new stake in shares of Apple in the 2nd quarter worth approximately $64,000. HBC Financial Services PLLC boosted its position in Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares during the period. Finally, Clear Perspectives Financial Planning LLC grew its stake in Apple by 27.3% during the 1st quarter. Clear Perspectives Financial Planning LLC now owns 983 shares of the iPhone maker’s stock worth $172,000 after buying an additional 211 shares during the last quarter. Institutional investors and hedge funds own 58.51% of the company’s stock.

Apple Stock Performance

Apple 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 firm’s 50 day simple moving average is $190.96 and its 200-day simple moving average is $184.38. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.99 and a quick ratio of 0.94. The company has a market cap 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.

Apple (NASDAQ:AAPLGet Free Report) last posted its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.07. The firm had revenue of $89.50 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the company posted $1.29 EPS. As a group, equities research analysts predict that Apple Inc. will post 6.58 EPS for the current year.

Apple Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AAPL. Bank of America raised shares of Apple from a “neutral” rating to a “buy” rating and boosted their price target for the company from $208.00 to $225.00 in a report on Thursday, January 18th. Morgan Stanley upped their target price on shares of Apple from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 8th. KeyCorp restated a “sector weight” rating on shares of Apple in a research note on Monday, October 30th. Barclays downgraded Apple from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $161.00 to $160.00 in a research report on Tuesday, January 2nd. Finally, Tigress Financial raised their target price on Apple from $225.00 to $240.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average target price of $205.22.

Get Our Latest Stock Report on AAPL

Insider Buying and Selling at Apple

In other news, insider Chris Kondo sold 5,513 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $192.00, for a total value of $1,058,496.00. Following the completion of the sale, the insider now directly owns 29,174 shares of the company’s stock, valued at $5,601,408. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Chris Kondo sold 5,513 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $192.00, for a total value of $1,058,496.00. Following the transaction, the insider now directly owns 29,174 shares of the company’s stock, valued at $5,601,408. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Katherine L. Adams sold 123,448 shares of Apple 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 sale, the senior vice president now directly owns 293,266 shares of the company’s stock, 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 in the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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