Angeles Wealth Management LLC Buys 10,060 Shares of Apple Inc. (NASDAQ:AAPL)

Angeles Wealth Management LLC boosted its position in Apple Inc. (NASDAQ:AAPLFree Report) by 11.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,295 shares of the iPhone maker’s stock after buying an additional 10,060 shares during the quarter. Apple makes up about 2.5% of Angeles Wealth Management LLC’s portfolio, making the stock its 13th biggest position. Angeles Wealth Management LLC’s holdings in Apple were worth $17,343,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Center For Asset Management LLC lifted its holdings in Apple by 53.3% during the 2nd quarter. Center For Asset Management LLC now owns 21,898 shares of the iPhone maker’s stock valued at $4,247,000 after purchasing an additional 7,616 shares during the last quarter. Kingdom Financial Group LLC. lifted its holdings in Apple by 5.5% during the 3rd quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock valued at $1,963,000 after purchasing an additional 598 shares during the last quarter. RFG Advisory LLC lifted its holdings in Apple by 13.6% during the 3rd quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock valued at $29,589,000 after purchasing an additional 20,737 shares during the last quarter. Conrad Siegel Investment Advisors Inc. lifted its holdings in Apple by 22.2% during the 2nd quarter. Conrad Siegel Investment Advisors Inc. now owns 7,897 shares of the iPhone maker’s stock valued at $1,532,000 after purchasing an additional 1,436 shares during the last quarter. Finally, Tsfg LLC lifted its holdings in Apple by 2.2% during the 3rd quarter. Tsfg LLC now owns 50,943 shares of the iPhone maker’s stock valued at $8,722,000 after purchasing an additional 1,091 shares during the last quarter. Institutional investors own 58.51% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of research reports. Barclays dropped their target price on Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a report on Friday, February 2nd. Morgan Stanley lifted their target price on Apple from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 8th. Rosenblatt Securities reissued a “neutral” rating and set a $189.00 target price on shares of Apple in a report on Wednesday, January 31st. Oppenheimer reissued an “outperform” rating and set a $200.00 target price on shares of Apple in a report on Friday, February 2nd. Finally, Piper Sandler dropped their target price on Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $205.72.

Check Out Our Latest Research Report on AAPL

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 4,806 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $184.04, for a total value of $884,496.24. Following the transaction, the insider now directly owns 34,687 shares of the company’s stock, valued at $6,383,795.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Apple news, insider Chris Kondo sold 4,806 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $184.04, for a total value of $884,496.24. Following the transaction, the insider now directly owns 34,687 shares of the company’s stock, valued at $6,383,795.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Katherine L. Adams sold 123,448 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $188.79, for a total value of $23,305,747.92. Following the completion of the transaction, the senior vice president now directly owns 293,266 shares in the company, valued at $55,365,688.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 133,767 shares of company stock valued at $25,248,740. 0.06% of the stock is currently owned by company insiders.

Apple Price Performance

Apple stock opened at $189.30 on Wednesday. The stock’s 50 day moving average is $190.59 and its 200 day moving average is $184.14. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The firm has a market cap of $2.93 trillion, a P/E ratio of 29.49, a P/E/G ratio of 2.23 and a beta of 1.31. Apple Inc. has a one year low of $143.90 and a one year high of $199.62.

Apple (NASDAQ:AAPLGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The company had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. During the same period in the previous year, the firm earned $1.88 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 6.57 EPS for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 12th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Friday, February 9th. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Apple Profile

(Free Report)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. 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

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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