Inspirion Wealth Advisors LLC Has $8.19 Million Position in Apple Inc. (NASDAQ:AAPL)

Inspirion Wealth Advisors LLC cut its holdings in Apple Inc. (NASDAQ:AAPL – Get Rating) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 59,247 shares of the iPhone maker’s stock after selling 247 shares during the quarter. Apple comprises 1.8% of Inspirion Wealth Advisors LLC’s holdings, making the stock its 16th biggest position. Inspirion Wealth Advisors LLC’s holdings in Apple were worth $8,188,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Wealthspire Advisors LLC grew its holdings in shares of Apple by 42.8% during the second quarter. Wealthspire Advisors LLC now owns 299,829 shares of the iPhone maker’s stock worth $40,993,000 after buying an additional 89,865 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Apple by 8.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 74,619 shares of the iPhone maker’s stock worth $13,029,000 after acquiring an additional 5,703 shares during the last quarter. Emerald Advisors LLC grew its stake in shares of Apple by 2.4% during the 2nd quarter. Emerald Advisors LLC now owns 19,905 shares of the iPhone maker’s stock worth $2,721,000 after acquiring an additional 465 shares in the last quarter. Eagle Bay Advisors LLC lifted its position in shares of Apple by 35.7% in the second quarter. Eagle Bay Advisors LLC now owns 25,608 shares of the iPhone maker’s stock worth $3,501,000 after purchasing an additional 6,735 shares in the last quarter. Finally, Callan Capital LLC lifted its position in shares of Apple by 1.6% in the second quarter. Callan Capital LLC now owns 85,226 shares of the iPhone maker’s stock worth $11,652,000 after purchasing an additional 1,322 shares in the last quarter. 57.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Bank of America lowered their price target on shares of Apple from $160.00 to $154.00 and set a “neutral” rating on the stock in a research note on Monday, November 7th. Sanford C. Bernstein set a $170.00 target price on Apple in a report on Monday, September 12th. Fundamental Research raised their price target on Apple to $168.50 and gave the company a “buy” rating in a research note on Tuesday, November 8th. DA Davidson dropped their price objective on Apple to $167.00 in a research note on Thursday, December 1st. Finally, JPMorgan Chase & Co. set a $190.00 target price on shares of Apple in a research note on Monday, January 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $173.57.

Insider Activity at Apple

In other news, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the completion of the transaction, the chief financial officer now owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the sale, the chief financial officer now directly owns 110,673 shares in the company, valued at approximately $17,259,454.35. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Chris Kondo sold 20,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the transaction, the insider now owns 31,505 shares of the company’s stock, valued at $4,685,423.60. The disclosure for this sale can be found here. Insiders have sold 204,552 shares of company stock valued at $31,645,123 over the last three months. 0.06% of the stock is owned by insiders.

Apple Trading Up 3.7 %

Shares of AAPL stock opened at $129.62 on Monday. The stock has a 50 day simple moving average of $140.61 and a 200 day simple moving average of $148.57. Apple Inc. has a 1 year low of $124.17 and a 1 year high of $179.61. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95. The stock has a market cap of $2.06 trillion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 1.68 and a beta of 1.24.

Apple (NASDAQ:AAPL – Get Rating) last issued its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. Apple had a return on equity of 160.90% and a net margin of 25.31%. The company had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. During the same quarter last year, the business earned $1.24 earnings per share. Apple’s revenue was up 7.8% on a year-over-year basis. On average, research analysts predict that Apple Inc. will post 6.19 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.71%. Apple’s dividend payout ratio is 15.06%.

Apple Profile

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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.