Apple Inc. (NASDAQ:AAPL) Shares Acquired by Joseph P. Lucia & Associates LLC

Joseph P. Lucia & Associates LLC increased its holdings in Apple Inc. (NASDAQ:AAPLFree Report) by 1.0% during the third quarter, HoldingsChannel reports. The fund owned 43,151 shares of the iPhone maker’s stock after acquiring an additional 433 shares during the quarter. Apple accounts for about 3.0% of Joseph P. Lucia & Associates LLC’s investment portfolio, making the stock its 5th biggest holding. Joseph P. Lucia & Associates LLC’s holdings in Apple were worth $7,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Atlantic Private Wealth LLC purchased a new position in shares of Apple in the first quarter valued at $30,000. Summit Wealth Group LLC grew its stake in Apple by 16,252.3% during the first quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 6,949,659 shares in the last quarter. HBC Financial Services PLLC grew its stake in Apple by 21.7% during the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after acquiring an additional 80 shares in the last quarter. West Tower Group LLC purchased a new position in shares of Apple during the 2nd quarter valued at $64,000. Finally, Clear Perspectives Financial Planning LLC grew its position in shares of Apple by 27.3% during the 1st quarter. Clear Perspectives Financial Planning LLC now owns 983 shares of the iPhone maker’s stock valued at $172,000 after purchasing an additional 211 shares in the last quarter. Institutional investors and hedge funds own 58.51% of the company’s stock.

Apple Stock Performance

NASDAQ:AAPL opened at $188.32 on Friday. 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 Inc. has a 12-month low of $143.90 and a 12-month high of $199.62. The stock has a 50-day moving average price of $190.56 and a 200 day moving average price of $184.21. The stock has a market capitalization of $2.91 trillion, a P/E ratio of 29.33, a P/E/G ratio of 2.27 and a beta of 1.31.

Apple (NASDAQ:AAPLGet Free Report) last released its quarterly earnings data 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 business had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.88 EPS. Equities research analysts forecast that Apple Inc. will post 6.58 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 12th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.51%. Apple’s dividend payout ratio is presently 14.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Morgan Stanley upped their price objective on Apple from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 8th. Oppenheimer restated an “outperform” rating and set a $200.00 target price on shares of Apple in a report on Friday, February 2nd. Needham & Company LLC restated a “buy” rating and set a $220.00 target price on shares of Apple in a report on Friday, February 2nd. Tigress Financial increased their price objective on Apple from $225.00 to $240.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 16th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $189.00 price objective on shares of Apple in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.72.

Read Our Latest Stock Report on AAPL

Insider Activity

In other news, insider Chris Kondo sold 5,513 shares of the company’s 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 directly owns 29,174 shares in the company, valued at $5,601,408. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Chris Kondo sold 5,513 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was 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 $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 company’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 sale, the senior vice president now owns 293,266 shares of the company’s stock, valued at $55,365,688.14. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Apple Company 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

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:AAPLFree Report).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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