GSG Advisors LLC Buys New Position in Apple Inc. (NASDAQ:AAPL)

GSG Advisors LLC bought a new stake in Apple Inc. (NASDAQ:AAPLFree Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 101,116 shares of the iPhone maker’s stock, valued at approximately $17,312,000. Apple comprises approximately 8.4% of GSG Advisors LLC’s investment portfolio, making the stock its 3rd largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AAPL. MWA Asset Management purchased a new stake in shares of Apple during the 3rd quarter valued at $4,264,000. West Bancorporation Inc. raised its position in Apple by 2.2% in the third quarter. West Bancorporation Inc. now owns 17,077 shares of the iPhone maker’s stock worth $2,924,000 after acquiring an additional 365 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Apple by 3.5% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,803,224 shares of the iPhone maker’s stock valued at $308,730,000 after acquiring an additional 60,162 shares during the last quarter. Grove Bank & Trust grew its position in shares of Apple by 0.3% during the 3rd quarter. Grove Bank & Trust now owns 173,422 shares of the iPhone maker’s stock valued at $29,692,000 after acquiring an additional 542 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Apple by 1,954.8% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 480,552 shares of the iPhone maker’s stock worth $82,270,000 after purchasing an additional 457,165 shares during the last quarter. 58.51% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Up 0.1 %

AAPL opened at $189.41 on Thursday. The company has a market cap of $2.92 trillion, a P/E ratio of 29.50, a P/E/G ratio of 2.25 and a beta of 1.31. Apple Inc. has a 12 month low of $143.90 and a 12 month high of $199.62. The business’s 50-day moving average price is $190.59 and its 200-day moving average price is $184.18. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings results 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 business had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. During the same period in the previous year, the firm earned $1.88 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts expect that Apple Inc. will post 6.57 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 12th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis 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%.

Analysts Set New Price Targets

Several equities analysts recently commented on AAPL shares. Piper Sandler dropped their price objective on Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. Redburn Partners cut Apple to a “neutral” rating and set a $200.00 price target on the stock. in a research report on Wednesday, January 10th. Jefferies Financial Group decreased their price objective on Apple from $220.00 to $195.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Barclays dropped their price objective on shares of Apple from $160.00 to $158.00 and set an “underweight” rating on the stock in a report on Friday, February 2nd. Finally, Piper Sandler Companies downgraded shares of Apple to a “neutral” rating and reduced their target price for the stock from $220.00 to $205.00 in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.72.

Get Our Latest Analysis on AAPL

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 123,448 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $188.79, for a total transaction of $23,305,747.92. Following the completion of the sale, the senior vice president now directly owns 293,266 shares in the company, valued at $55,365,688.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Apple news, insider Chris Kondo sold 5,513 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $192.00, for a total transaction of $1,058,496.00. Following the transaction, the insider now directly owns 29,174 shares of the company’s stock, valued at approximately $5,601,408. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 123,448 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $188.79, for a total transaction of $23,305,747.92. Following the completion of the sale, the senior vice president now directly owns 293,266 shares of the company’s stock, valued at $55,365,688.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 133,767 shares of company stock worth $25,248,740. 0.06% of the stock is currently owned by company insiders.

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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