Intelligence Driven Advisers LLC Grows Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Intelligence Driven Advisers LLC grew its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,683 shares of the iPhone maker’s stock after acquiring an additional 695 shares during the quarter. Apple comprises about 2.0% of Intelligence Driven Advisers LLC’s portfolio, making the stock its 16th largest position. Intelligence Driven Advisers LLC’s holdings in Apple were worth $10,134,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthspire Advisors LLC raised its stake in shares of Apple by 42.8% in the second quarter. Wealthspire Advisors LLC now owns 299,829 shares of the iPhone maker’s stock valued at $40,993,000 after acquiring an additional 89,865 shares during the period. Emerald Advisors LLC grew its holdings in shares of Apple by 2.4% in the second quarter. Emerald Advisors LLC now owns 19,905 shares of the iPhone maker’s stock worth $2,721,000 after purchasing an additional 465 shares during the last quarter. Eagle Bay Advisors LLC grew its holdings 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 during the last quarter. Callan Capital LLC grew its holdings 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 during the last quarter. Finally, Sageworth Trust Co grew 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 worth $793,000 after purchasing an additional 3,482 shares during the last quarter. Hedge funds and other institutional investors own 57.60% of the company’s stock.

Analyst Ratings Changes

AAPL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. set a $190.00 price target on shares of Apple in a report on Monday, January 2nd. Bank of America cut their price target on shares of Apple from $160.00 to $154.00 and set a “neutral” rating on the stock in a report on Monday, November 7th. BNP Paribas cut shares of Apple from an “outperform” rating to a “neutral” rating and set a $140.00 price target on the stock. in a report on Tuesday, January 3rd. KeyCorp reiterated a “buy” rating and set a $175.00 target price on shares of Apple in a report on Tuesday, November 8th. Finally, UBS Group set a $180.00 target price on shares of Apple in a report on Thursday, January 12th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.22.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 20,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the completion of the transaction, the insider now directly owns 31,505 shares of the company’s stock, valued at approximately $4,685,423.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Apple news, insider Chris Kondo sold 20,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the completion of the transaction, the insider now directly owns 31,505 shares of the company’s stock, valued at approximately $4,685,423.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 110,673 shares in the company, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.

Apple Stock Performance

Shares of Apple stock opened at $134.76 on Tuesday. The firm has a market capitalization of $2.14 trillion, a P/E ratio of 22.06, a PEG ratio of 1.74 and a beta of 1.24. 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 company has a 50 day moving average price of $139.25 and a 200 day moving average price of $148.30. Apple Inc. has a 52 week low of $124.17 and a 52 week high of $179.61.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, beating the consensus estimate of $1.26 by $0.03. Apple had a net margin of 25.31% and a return on equity of 160.90%. The firm had revenue of $90.15 billion during the quarter, compared to analyst estimates of $88.77 billion. During the same period last year, the firm posted $1.24 EPS. Apple’s revenue was up 7.8% on a year-over-year basis. Sell-side analysts expect that Apple Inc. will post 6.19 EPS for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Friday, November 4th. Apple’s dividend payout ratio is presently 15.06%.

Apple 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; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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