Apple Inc. (NASDAQ:AAPL) Shares Bought by Dfpg Investments LLC

Dfpg Investments LLC grew its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 9.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,416 shares of the iPhone maker’s stock after buying an additional 9,828 shares during the quarter. Apple accounts for about 7.1% of Dfpg Investments LLC’s investment portfolio, making the stock its biggest holding. Dfpg Investments LLC’s holdings in Apple were worth $16,703,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Ramsey Quantitative Systems bought a new stake in shares of Apple in the second quarter worth $55,000. Morgan Dempsey Capital Management LLC bought a new stake in shares of Apple in the third quarter worth $55,000. HBC Financial Services PLLC raised its position in Apple by 21.7% during the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after acquiring an additional 80 shares in the last quarter. Newfound Research LLC bought a new stake in Apple during the third quarter worth $67,000. Finally, Emerson Wealth LLC raised its position in Apple by 27.0% during the second quarter. Emerson Wealth LLC now owns 518 shares of the iPhone maker’s stock worth $71,000 after acquiring an additional 110 shares in the last quarter. Institutional investors own 57.60% of the company’s stock.

Apple Stock Up 1.9 %

AAPL stock opened at $137.87 on Monday. 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 firm has a market capitalization of $2.18 trillion, a PE ratio of 22.56, a PEG ratio of 1.78 and a beta of 1.24. Apple Inc. has a twelve month low of $124.17 and a twelve month high of $179.61. The stock has a 50-day simple moving average of $138.72 and a two-hundred day simple moving average of $148.18.

Apple (NASDAQ:AAPLGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 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 company had revenue of $90.15 billion during the quarter, compared to analyst estimates of $88.77 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. Apple’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts predict that Apple Inc. will post 6.19 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were paid 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 is currently 15.06%.

Wall Street Analyst Weigh In

Several analysts have issued reports on AAPL shares. Barclays dropped their price target on shares of Apple from $144.00 to $133.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 11th. UBS Group set a $180.00 price target on shares of Apple in a research note on Thursday, January 12th. National Bank Financial reduced their price objective on shares of Apple to $54.00 and set an “outperform” rating on the stock in a research note on Friday. StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a research note on Saturday, November 5th. Finally, Rosenblatt Securities reduced their price objective on shares of Apple from $189.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $166.73.

Insiders Place Their Bets

In other Apple news, CFO Luca Maestri sold 176,299 shares of the business’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 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 $17,259,454.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, 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 completion of the transaction, the insider now owns 31,505 shares in the company, valued at $4,685,423.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Luca Maestri sold 176,299 shares of the company’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 transaction, the chief financial officer now owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.

Apple Company 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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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