Guardian Wealth Advisors LLC Has $619,000 Stock Position in Apple Inc. (NASDAQ:AAPL)

Guardian Wealth Advisors LLC trimmed its position in Apple Inc. (NASDAQ:AAPLFree Report) by 1.9% during the third quarter, HoldingsChannel.com reports. The fund owned 3,614 shares of the iPhone maker’s stock after selling 71 shares during the quarter. Apple makes up 0.5% of Guardian Wealth Advisors LLC’s portfolio, making the stock its 27th biggest position. Guardian Wealth Advisors LLC’s holdings in Apple were worth $619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IFM Investors Pty Ltd grew its stake in shares of Apple by 20.0% in the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock worth $456,728,000 after purchasing an additional 435,891 shares during the last quarter. Ironwood Wealth Management LLC. grew its stake in shares of Apple by 0.4% in the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock worth $42,016,000 after purchasing an additional 1,040 shares during the last quarter. Markel Corp grew its stake in shares of Apple by 0.7% in the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after purchasing an additional 8,450 shares during the last quarter. Camden Capital LLC boosted its position in 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 acquiring an additional 13,200 shares during the last quarter. Finally, Harbor Island Capital LLC boosted its position in 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 acquiring an additional 400 shares during the last quarter. Institutional investors own 58.51% of the company’s stock.

Insider Transactions at Apple

In other news, insider Chris Kondo sold 5,513 shares of Apple stock in a transaction 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 completion of the transaction, the insider now directly owns 29,174 shares in the company, valued at $5,601,408. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Chris Kondo sold 5,513 shares of Apple stock in a transaction 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 completion of the transaction, the insider now directly owns 29,174 shares in the company, valued at $5,601,408. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Katherine L. Adams sold 123,448 shares of Apple stock in a transaction 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 owns 293,266 shares of the company’s stock, valued at $55,365,688.14. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Down 0.6 %

Apple stock opened at $188.32 on Friday. Apple Inc. has a twelve month low of $143.90 and a twelve month high of $199.62. The firm has a 50 day moving average price of $190.56 and a 200-day moving average price of $184.21. The company 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. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPLGet Free Report) last released its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. The firm had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.88 EPS. As a group, equities analysts predict that Apple Inc. will post 6.58 EPS for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders 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 dividend yield of 0.51%. The ex-dividend date is Friday, February 9th. Apple’s payout ratio is currently 14.95%.

Wall Street Analyst Weigh In

A number of analysts have commented on AAPL shares. Oppenheimer reaffirmed an “outperform” rating and set a $200.00 price target on shares of Apple in a research report on Friday, February 2nd. Rosenblatt Securities reissued a “neutral” rating and set a $189.00 price objective on shares of Apple in a research report on Wednesday, January 31st. The Goldman Sachs Group increased their price objective on shares of Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Bank of America raised shares of Apple from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $208.00 to $225.00 in a research report on Thursday, January 18th. Finally, Tigress Financial upped their target price on shares of Apple from $225.00 to $240.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $205.72.

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About Apple

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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.

Further Reading

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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