Colton Groome Financial Advisors LLC Acquires 1,964 Shares of Apple Inc. (NASDAQ:AAPL)

Colton Groome Financial Advisors LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL – Get Rating) by 22.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,689 shares of the iPhone maker’s stock after acquiring an additional 1,964 shares during the period. Colton Groome Financial Advisors LLC’s holdings in Apple were worth $1,477,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Spence Asset Management bought a new position in Apple during the 2nd quarter worth $49,000. Ramsey Quantitative Systems bought a new position in Apple during the 2nd quarter worth $55,000. Morgan Dempsey Capital Management LLC bought a new position in Apple during the 3rd quarter worth $55,000. HBC Financial Services PLLC increased its position in Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after buying an additional 80 shares during the period. Finally, Newfound Research LLC bought a new position in Apple during the 3rd quarter worth $67,000. Institutional investors own 57.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on AAPL. Deutsche Bank Aktiengesellschaft reduced their target price on Apple from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Bank of America reduced their target price on Apple from $160.00 to $154.00 and set a “neutral” rating on the stock in a report on Monday, November 7th. KeyCorp reissued a “buy” rating and set a $175.00 target price on shares of Apple in a report on Tuesday, November 8th. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research note on Saturday, November 5th. Finally, JPMorgan Chase & Co. set a $190.00 price objective on Apple in a research note on Monday, January 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.22.

Insider Transactions at Apple

In related news, SVP Deirdre O’brien sold 8,053 shares of Apple stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $142.45, for a total value of $1,147,149.85. Following the completion of the transaction, the senior vice president now owns 136,290 shares in the company, valued at $19,414,510.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Chris Kondo sold 20,200 shares of Apple stock in a transaction dated 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 completion of the transaction, the insider now owns 31,505 shares in the company, valued at $4,685,423.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Deirdre O’brien sold 8,053 shares of Apple stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $142.45, for a total value of $1,147,149.85. Following the completion of the transaction, the senior vice president now owns 136,290 shares of the company’s stock, valued at approximately $19,414,510.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 204,552 shares of company stock valued at $31,645,123. 0.06% of the stock is currently owned by insiders.

Apple Price Performance

NASDAQ:AAPL opened at $134.76 on Friday. Apple Inc. has a 52 week low of $124.17 and a 52 week high of $179.61. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95. The business’s 50-day simple moving average is $139.33 and its two-hundred day simple moving average is $148.18. The stock has a market cap of $2.14 trillion, a PE ratio of 22.06, a P/E/G ratio of 1.68 and a beta of 1.24.

Apple (NASDAQ:AAPL – Get Rating) last issued its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.03. Apple had a return on equity of 160.90% and a net margin of 25.31%. The firm had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. During the same period in the previous year, the firm posted $1.24 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. As a group, analysts forecast that Apple Inc. will post 6.19 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Stockholders 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 annualized dividend and a dividend yield of 0.68%. Apple’s dividend payout ratio (DPR) 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.