Apple Inc. (NASDAQ:AAPL) is WESPAC Advisors LLC’s 2nd Largest Position

WESPAC Advisors LLC lifted its position in Apple Inc. (NASDAQ:AAPLFree Report) by 17.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,777 shares of the iPhone maker’s stock after buying an additional 3,930 shares during the period. Apple makes up about 3.4% of WESPAC Advisors LLC’s portfolio, making the stock its 2nd largest position. WESPAC Advisors LLC’s holdings in Apple were worth $4,585,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Center For Asset Management LLC raised its stake in Apple by 53.3% in the second 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 during the last quarter. Kingdom Financial Group LLC. raised its stake in Apple by 5.5% in the third quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock valued at $1,963,000 after buying an additional 598 shares during the last quarter. RFG Advisory LLC raised its stake in Apple by 13.6% in the third quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock valued at $29,589,000 after buying an additional 20,737 shares during the last quarter. Conrad Siegel Investment Advisors Inc. raised its stake in 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 buying an additional 1,436 shares during the last quarter. Finally, M. Kraus & Co raised its stake in Apple by 0.9% in the second quarter. M. Kraus & Co now owns 29,416 shares of the iPhone maker’s stock valued at $5,706,000 after buying an additional 276 shares during the last quarter. Institutional investors own 58.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AAPL shares. Rosenblatt Securities restated a “neutral” rating and issued a $189.00 price objective on shares of Apple in a research note on Wednesday. Jefferies Financial Group reduced their price objective on Apple from $220.00 to $195.00 and set a “buy” rating for the company in a research note on Tuesday, October 31st. StockNews.com started coverage on Apple in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Bank of America upgraded Apple from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $208.00 to $225.00 in a research note on Thursday, January 18th. Finally, Redburn Partners lowered Apple to a “neutral” rating and set a $200.00 target price on the stock. in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $205.22.

Get Our Latest Stock Analysis on Apple

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 4,806 shares of the stock in a transaction dated 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 of the company’s stock, valued at $6,383,795.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Chris Kondo sold 4,806 shares of the firm’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 value of $884,496.24. Following the completion of the transaction, the insider now owns 34,687 shares of the company’s stock, valued at $6,383,795.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Katherine L. Adams sold 123,448 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $188.79, for a total transaction of $23,305,747.92. Following the completion of the transaction, 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 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 company insiders.

Apple Trading Down 1.9 %

Shares of AAPL stock opened at $184.40 on Thursday. 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 firm has a market cap of $2.85 trillion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. The company has a 50-day moving average of $190.82 and a two-hundred day moving average of $184.38. Apple Inc. has a 1-year low of $141.32 and a 1-year high of $199.62.

Apple (NASDAQ:AAPLGet Free Report) last announced its earnings results 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 company had revenue of $89.50 billion during the quarter, compared to analyst estimates of $89.34 billion. Apple had a net margin of 25.31% and a return on equity of 160.78%. Apple’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.29 earnings per share. On average, analysts predict that Apple Inc. will post 6.58 EPS for the current year.

About Apple

(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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