Apple Inc. (NASDAQ:AAPL) Shares Acquired by Synergy Financial Group LTD

Synergy Financial Group LTD raised its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 2.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 23,873 shares of the iPhone maker’s stock after acquiring an additional 606 shares during the quarter. Apple comprises 5.1% of Synergy Financial Group LTD’s portfolio, making the stock its 3rd biggest holding. Synergy Financial Group LTD’s holdings in Apple were worth $3,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Aaron Wealth Advisors LLC raised its stake in shares of Apple by 30,391.8% in the 1st quarter. Aaron Wealth Advisors LLC now owns 26,075,085 shares of the iPhone maker’s stock valued at $149,333,000 after acquiring an additional 25,989,570 shares in the last quarter. Capital Research Global Investors lifted its holdings in Apple by 31.7% in the 1st quarter. Capital Research Global Investors now owns 38,903,911 shares of the iPhone maker’s stock worth $6,793,041,000 after purchasing an additional 9,354,484 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Apple by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after purchasing an additional 8,734,393 shares during the last quarter. Swiss National Bank lifted its holdings in Apple by 13.1% in the 1st quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock worth $12,407,910,000 after purchasing an additional 8,230,300 shares during the last quarter. Finally, CFS Investment Advisory Services LLC lifted its holdings in Apple by 18,263.5% in the 1st quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock worth $47,000 after purchasing an additional 7,416,445 shares during the last quarter. Institutional investors and hedge funds own 57.72% of the company’s stock.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $151.07 on Thursday. The business’s fifty day moving average price is $146.70 and its two-hundred day moving average price is $149.66. Apple Inc. has a fifty-two week low of $129.04 and a fifty-two week high of $182.94. The stock has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.25. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85.

Apple (NASDAQ:AAPLGet Rating) last announced its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, topping the consensus estimate of $1.27 by $0.02. The company had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.24 earnings per share. As a group, analysts predict that Apple Inc. will post 6.26 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Friday, November 4th. Apple’s payout ratio is presently 15.06%.

Insider Transactions at Apple

In other news, SVP Deirdre O’brien sold 176,299 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $142.16, for a total transaction of $25,062,665.84. Following the sale, the senior vice president now owns 136,290 shares in the company, valued at $19,374,986.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Deirdre O’brien sold 176,299 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $142.16, for a total transaction of $25,062,665.84. Following the sale, the senior vice president now owns 136,290 shares in the company, valued at $19,374,986.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Kondo sold 20,200 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total value of $3,004,144.00. Following the sale, the insider now owns 31,505 shares in the company, valued at approximately $4,685,423.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 380,851 shares of company stock worth $56,707,789. Insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Credit Suisse Group set a $184.00 target price on Apple in a report on Thursday, November 17th. Deutsche Bank Aktiengesellschaft reduced their target price on Apple from $175.00 to $170.00 and set a “buy” rating for the company in a report on Friday, October 28th. Wedbush reduced their target price on Apple from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, October 28th. UBS Group set a $180.00 price target on Apple in a report on Wednesday. Finally, StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a report on Saturday, November 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $176.26.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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