Apple Inc. (NASDAQ:AAPL) Holdings Boosted by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC lifted its holdings in Apple Inc. (NASDAQ:AAPLFree Report) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 196,454 shares of the iPhone maker’s stock after acquiring an additional 5,671 shares during the period. Apple accounts for about 6.8% of Octavia Wealth Advisors LLC’s portfolio, making the stock its biggest holding. Octavia Wealth Advisors LLC’s holdings in Apple were worth $33,635,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AAPL. IFM Investors Pty Ltd raised its position in Apple by 20.0% during the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after purchasing an additional 435,891 shares during the period. Ironwood Wealth Management LLC. grew its stake in shares of Apple by 0.4% during the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after buying an additional 1,040 shares during the last quarter. Markel Corp grew its stake in shares of Apple by 0.7% during the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock valued at $210,752,000 after buying an additional 8,450 shares during the last quarter. Camden Capital LLC grew its stake in shares of Apple by 9.2% during the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after buying an additional 13,200 shares during the last quarter. Finally, Harbor Island Capital LLC grew its stake in shares of Apple by 0.3% during the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after buying an additional 400 shares during the last quarter. Institutional investors own 58.51% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of analyst reports. Rosenblatt Securities reaffirmed a “neutral” rating and set a $189.00 target price on shares of Apple in a research note on Wednesday, January 31st. The Goldman Sachs Group upped their target price on Apple from $223.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price objective on shares of Apple in a research note on Friday, February 2nd. Barclays dropped their price objective on Apple from $160.00 to $158.00 and set an “underweight” rating on the stock in a research note on Friday, February 2nd. Finally, Piper Sandler Companies cut Apple to a “neutral” rating and dropped their price objective for the stock from $220.00 to $205.00 in a research note on Thursday, January 4th. One equities research 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $205.72.

Check Out Our Latest Research Report on Apple

Insider Buying and Selling

In related news, SVP Katherine L. Adams sold 123,448 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was 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 owns 293,266 shares in the company, valued at approximately $55,365,688.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Apple news, SVP Katherine L. Adams sold 123,448 shares of Apple 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 transaction, the senior vice president now owns 293,266 shares in the company, valued at approximately $55,365,688.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris Kondo sold 5,513 shares of Apple stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $192.00, for a total value of $1,058,496.00. Following the transaction, the insider now owns 29,174 shares of the company’s stock, valued at approximately $5,601,408. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

Apple Stock Performance

Shares of AAPL stock opened at $188.32 on Friday. The firm has a market capitalization of $2.91 trillion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 2.27 and a beta of 1.31. 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 business has a fifty day moving average of $190.56 and a 200 day moving average of $184.21. Apple Inc. has a 1 year low of $143.90 and a 1 year high of $199.62.

Apple (NASDAQ:AAPLGet Free Report) last issued its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The company had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.88 EPS. As a group, research analysts expect that Apple Inc. will post 6.58 earnings per share for the current year.

Apple Announces Dividend

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

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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