GW Henssler & Associates Ltd. Buys 1,903 Shares of Apple Inc. (NASDAQ:AAPL)

GW Henssler & Associates Ltd. increased its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 0.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 366,054 shares of the iPhone maker’s stock after purchasing an additional 1,903 shares during the quarter. Apple comprises about 3.7% of GW Henssler & Associates Ltd.’s portfolio, making the stock its 2nd biggest position. GW Henssler & Associates Ltd.’s holdings in Apple were worth $50,047,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its stake in Apple by 8.3% in the first quarter. EverSource Wealth Advisors LLC now owns 74,619 shares of the iPhone maker’s stock valued at $13,029,000 after purchasing an additional 5,703 shares during the period. Harbor Capital Advisors Inc. acquired a new position in Apple in the first quarter valued at $171,000. Emerald Advisors LLC increased its stake in Apple by 2.4% in the second quarter. Emerald Advisors LLC now owns 19,905 shares of the iPhone maker’s stock valued at $2,721,000 after purchasing an additional 465 shares during the period. Chico Wealth RIA acquired a new position in Apple in the first quarter valued at $7,794,000. Finally, Sageworth Trust Co boosted its holdings in shares of Apple by 150.3% in the second quarter. Sageworth Trust Co now owns 5,798 shares of the iPhone maker’s stock valued at $793,000 after acquiring an additional 3,482 shares in the last quarter. 57.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

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

Apple Stock Up 0.6 %

Shares of NASDAQ AAPL opened at $151.07 on Friday. Apple Inc. has a 1 year low of $129.04 and a 1 year high of $182.94. The firm’s 50 day moving average price is $146.62 and its 200 day moving average price is $149.67. The firm has a market cap of $2.40 trillion, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.85 and a current ratio of 0.88.

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

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. Apple’s dividend payout ratio (DPR) is presently 15.06%.

Analyst Ratings Changes

AAPL has been the topic of several analyst reports. KeyCorp reaffirmed a “buy” rating and issued a $175.00 target price on shares of Apple in a report on Tuesday, November 8th. Sanford C. Bernstein set a $170.00 target price on shares of Apple in a report on Monday, September 12th. Robert W. Baird lowered their target price on shares of Apple from $185.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Morgan Stanley lowered their target price on shares of Apple from $177.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, November 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $170.00 target price on shares of Apple in a report on Tuesday, November 8th. Two research 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $176.26.

About Apple

(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; 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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