JB Capital LLC Grows Stake in Apple Inc. (NASDAQ:AAPL)

JB Capital LLC grew its position in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 5.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,755 shares of the iPhone maker’s stock after acquiring an additional 6,214 shares during the quarter. Apple comprises 1.7% of JB Capital LLC’s holdings, making the stock its 10th largest holding. JB Capital LLC’s holdings in Apple were worth $20,161,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AAPL. Parker Financial LLC raised its position in shares of Apple by 1.2% in the 2nd quarter. Parker Financial LLC now owns 4,543 shares of the iPhone maker’s stock worth $881,000 after purchasing an additional 54 shares during the last quarter. Mokosak Advisory Group LLC increased its stake in Apple by 1.1% during the 2nd quarter. Mokosak Advisory Group LLC now owns 5,562 shares of the iPhone maker’s stock valued at $1,079,000 after purchasing an additional 59 shares in the last quarter. Kraft Davis & Associates LLC raised its holdings in Apple by 0.9% in the third quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock worth $1,155,000 after buying an additional 59 shares during the last quarter. MKT Advisors LLC lifted its stake in shares of Apple by 0.5% in the second quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock worth $1,777,000 after buying an additional 60 shares in the last quarter. Finally, Cassia Capital Partners LLC grew its holdings in shares of Apple by 1.2% during the third quarter. Cassia Capital Partners LLC now owns 5,209 shares of the iPhone maker’s stock valued at $892,000 after buying an additional 60 shares during the last quarter. 58.51% of the stock is owned by institutional investors and hedge funds.

Apple Price Performance

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

Apple (NASDAQ:AAPLGet Free Report) last issued its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.07. The firm had revenue of $89.50 billion during the quarter, compared to analyst estimates of $89.34 billion. Apple had a return on equity of 160.78% and a net margin of 25.31%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 earnings per share. As a group, sell-side analysts expect that Apple Inc. will post 6.58 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AAPL. Robert W. Baird boosted their price objective on shares of Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday. Piper Sandler Companies cut Apple to a “neutral” rating and decreased their price target for the stock from $220.00 to $205.00 in a research note on Thursday, January 4th. StockNews.com initiated coverage on Apple in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Piper Sandler lowered Apple from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $220.00 to $205.00 in a research report on Thursday, January 4th. Finally, Redburn Atlantic downgraded shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 price target on the stock. in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $205.22.

Check Out Our Latest Research Report on AAPL

Insider Activity

In related news, insider Chris Kondo sold 5,513 shares of the business’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 sale, the insider now owns 29,174 shares in the company, valued at $5,601,408. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Apple news, SVP Katherine L. Adams sold 123,448 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $188.79, for a total transaction of $23,305,747.92. Following the sale, the senior vice president now directly owns 293,266 shares in the company, valued at $55,365,688.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Chris Kondo sold 5,513 shares of Apple stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $192.00, for a total value of $1,058,496.00. Following the completion of the transaction, the insider now owns 29,174 shares of the company’s stock, valued at approximately $5,601,408. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,767 shares of company stock worth $25,248,740. 0.06% of the stock is currently owned by 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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