Apple Inc. (NASDAQ:AAPL) Shares Acquired by Claro Advisors LLC

Claro Advisors LLC increased its holdings in Apple Inc. (NASDAQ:AAPLFree Report) by 4.3% during the third quarter, HoldingsChannel.com reports. The fund owned 123,266 shares of the iPhone maker’s stock after buying an additional 5,117 shares during the period. Apple makes up approximately 3.7% of Claro Advisors LLC’s holdings, making the stock its 2nd largest holding. Claro Advisors LLC’s holdings in Apple were worth $28,721,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Lantz Financial LLC grew its stake in shares of Apple by 8.6% in the 2nd quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock valued at $6,266,000 after purchasing an additional 2,361 shares during the last quarter. Herold Advisors Inc. lifted its holdings in shares of Apple by 1.5% during the second quarter. Herold Advisors Inc. now owns 97,574 shares of the iPhone maker’s stock worth $20,553,000 after purchasing an additional 1,415 shares during the period. Rezny Wealth Management Inc. grew its position in Apple by 2.2% in the 2nd quarter. Rezny Wealth Management Inc. now owns 2,894 shares of the iPhone maker’s stock valued at $610,000 after buying an additional 62 shares during the last quarter. HMS Capital Management LLC increased its stake in Apple by 3.8% in the 2nd quarter. HMS Capital Management LLC now owns 17,085 shares of the iPhone maker’s stock valued at $3,599,000 after buying an additional 630 shares during the period. Finally, Joseph P. Lucia & Associates LLC raised its position in Apple by 0.9% during the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 44,023 shares of the iPhone maker’s stock worth $9,272,000 after buying an additional 397 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

Shares of AAPL stock opened at $222.78 on Friday. The firm has a market capitalization of $3.35 trillion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The company has a 50 day moving average price of $240.93 and a 200 day moving average price of $230.69. Apple Inc. has a one year low of $164.07 and a one year high of $260.10.

Apple (NASDAQ:AAPLGet Free Report) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.46 earnings per share. Sell-side analysts anticipate that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. Apple’s dividend payout ratio (DPR) is 16.45%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Apple from $286.00 to $280.00 and set a “buy” rating on the stock in a report on Thursday. Bank of America reaffirmed a “buy” rating and issued a $253.00 price objective (down previously from $256.00) on shares of Apple in a report on Friday. Sanford C. Bernstein increased their target price on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Citigroup raised their price target on Apple to $185.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $273.00 price objective on shares of Apple in a report on Friday, December 13th. Four analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.05.

Check Out Our Latest Report on Apple

Insider Activity at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

About Apple

(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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