Atomi Financial Group Inc. Purchases 13,855 Shares of Apple Inc. (NASDAQ:AAPL)

Atomi Financial Group Inc. lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 5.5% in the third quarter, HoldingsChannel reports. The fund owned 266,264 shares of the iPhone maker’s stock after buying an additional 13,855 shares during the period. Apple accounts for approximately 3.9% of Atomi Financial Group Inc.’s investment portfolio, making the stock its largest holding. Atomi Financial Group Inc.’s holdings in Apple were worth $62,039,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Fidelis Capital Partners LLC raised its stake in shares of Apple by 17.9% in the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after purchasing an additional 31,278 shares during the period. Hershey Financial Advisers LLC acquired a new position in Apple in the 2nd quarter valued at $42,000. Hoese & Co LLP boosted its stake in shares of Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after buying an additional 57 shares during the period. Sage Financial Group Inc. bought a new stake in shares of Apple during the 2nd quarter worth approximately $206,000. Finally, Benchmark Wealth Management LLC bought a new position in Apple in the second quarter valued at about $208,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Stock Performance

AAPL stock opened at $229.87 on Monday. The business’s fifty day simple moving average is $227.73 and its two-hundred day simple moving average is $218.30. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49. The firm has a market cap of $3.47 trillion, a price-to-earnings ratio of 37.81, a PEG ratio of 2.24 and a beta of 1.24.

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

Apple Dividend Announcement

The business 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. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio is currently 16.45%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wedbush reiterated an “outperform” rating and set a $285.00 price target on shares of Apple in a report on Monday, September 9th. Rosenblatt Securities boosted their price target on shares of Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Bank of America reissued a “buy” rating and issued a $256.00 target price on shares of Apple in a research report on Thursday, October 3rd. The Goldman Sachs Group upped their price target on Apple from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Maxim Group lifted their price target on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $235.25.

Insider Activity at Apple

In other news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. This represents a 6.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Katherine L. Adams sold 61,019 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the sale, the senior vice president now directly owns 187,043 shares of the company’s stock, valued at approximately $42,309,126.60. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 408,170 shares of company stock worth $92,007,745. 0.06% of the stock is owned by company insiders.

About Apple

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.