Apple Inc. (NASDAQ:AAPL) Shares Acquired by Kelman Lazarov Inc.

Kelman Lazarov Inc. grew its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 12.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,305 shares of the iPhone maker’s stock after acquiring an additional 1,972 shares during the quarter. Apple comprises approximately 0.8% of Kelman Lazarov Inc.’s portfolio, making the stock its 18th biggest position. Kelman Lazarov Inc.’s holdings in Apple were worth $2,392,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Hubbell Strickland Wealth Management LLC boosted its holdings in shares of Apple by 2.6% in the third quarter. Hubbell Strickland Wealth Management LLC now owns 11,514 shares of the iPhone maker’s stock valued at $1,591,000 after acquiring an additional 290 shares during the period. BerganKDV Wealth Management LLC lifted its holdings in shares of Apple by 0.8% during the third quarter. BerganKDV Wealth Management LLC now owns 144,606 shares of the iPhone maker’s stock worth $19,985,000 after purchasing an additional 1,139 shares during the period. Cherrydale Wealth Management LLC lifted its holdings in shares of Apple by 1.9% during the third quarter. Cherrydale Wealth Management LLC now owns 33,573 shares of the iPhone maker’s stock worth $4,640,000 after purchasing an additional 630 shares during the period. Trevian Wealth Management LLC lifted its holdings in shares of Apple by 1.5% during the third quarter. Trevian Wealth Management LLC now owns 9,635 shares of the iPhone maker’s stock worth $1,332,000 after purchasing an additional 141 shares during the period. Finally, Miracle Mile Advisors LLC lifted its holdings in shares of Apple by 1.7% during the third quarter. Miracle Mile Advisors LLC now owns 490,552 shares of the iPhone maker’s stock worth $67,794,000 after purchasing an additional 8,221 shares during the period. 57.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AAPL. Barclays decreased their price target on Apple from $144.00 to $133.00 and set an “equal weight” rating for the company in a report on Wednesday, January 11th. DA Davidson decreased their price target on Apple to $167.00 in a report on Thursday, December 1st. KeyCorp reaffirmed a “buy” rating and set a $175.00 price target on shares of Apple in a report on Tuesday, November 8th. Deutsche Bank Aktiengesellschaft decreased their price target on Apple from $175.00 to $170.00 and set a “buy” rating for the company in a report on Friday, October 28th. Finally, Sanford C. Bernstein reduced their target price on Apple from $170.00 to $125.00 in a report on Monday, January 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $166.73.

Insider Buying and Selling at Apple

In other Apple news, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $155.95, for a total value of $27,493,829.05. Following the completion of the sale, the chief financial officer now owns 110,673 shares in the company, valued at approximately $17,259,454.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $155.95, for a total value of $27,493,829.05. Following the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chris Kondo sold 20,200 shares of Apple stock in a transaction dated 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 completion of the transaction, the insider now directly owns 31,505 shares in the company, valued at $4,685,423.60. The disclosure for this sale can be found here. 0.06% of the stock is owned by company insiders.

Apple Trading Up 1.9 %

Apple stock opened at $137.87 on Friday. The stock has a market cap of $2.18 trillion, a PE ratio of 22.56, a P/E/G ratio of 1.74 and a beta of 1.24. The stock has a 50-day moving average price of $138.72 and a 200 day moving average price of $148.14. Apple Inc. has a 52 week low of $124.17 and a 52 week 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.

Apple (NASDAQ:AAPLGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, beating the consensus estimate of $1.26 by $0.03. The company had revenue of $90.15 billion during 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 firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 EPS. Equities research analysts predict that Apple Inc. will post 6.19 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm 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. This represents a $0.92 annualized dividend and a yield of 0.67%. The ex-dividend date was Friday, November 4th. Apple’s dividend payout ratio (DPR) is 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

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLGet Rating).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.