Apple Inc. (NASDAQ:AAPL) Stock Holdings Increased by Good Life Advisors LLC

Good Life Advisors LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 179,865 shares of the iPhone maker’s stock after acquiring an additional 5,803 shares during the quarter. Apple makes up approximately 2.6% of Good Life Advisors LLC’s holdings, making the stock its 5th largest holding. Good Life Advisors LLC’s holdings in Apple were worth $41,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Granite Investment Partners LLC grew its stake in shares of Apple by 2.7% during the 2nd quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker’s stock worth $60,958,000 after purchasing an additional 7,606 shares during the period. High Net Worth Advisory Group LLC boosted its holdings in Apple by 1.7% during the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after buying an additional 1,066 shares in the last quarter. Truist Financial Corp grew its position in Apple by 1.8% during the second quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock valued at $1,473,224,000 after buying an additional 126,210 shares during the period. EP Wealth Advisors LLC increased its holdings in Apple by 5.2% in the second quarter. EP Wealth Advisors LLC now owns 1,928,110 shares of the iPhone maker’s stock valued at $406,099,000 after buying an additional 95,235 shares in the last quarter. Finally, CHICAGO TRUST Co NA raised its position in shares of Apple by 15.2% in the third quarter. CHICAGO TRUST Co NA now owns 149,219 shares of the iPhone maker’s stock worth $34,768,000 after acquiring an additional 19,670 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Apple

In other news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction 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 of the company’s stock, valued at approximately $736,269,202.80. The trade was a 6.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 59,730 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the sale, the chief operating officer now owns 489,944 shares in the company, valued at $111,148,695.84. This trade represents a 10.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 408,170 shares of company stock worth $92,007,745. 0.06% of the stock is currently owned by insiders.

Apple Trading Up 1.6 %

Shares of Apple stock opened at $246.75 on Tuesday. The stock has a 50 day moving average of $230.80 and a 200 day moving average of $222.26. 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 firm has a market capitalization of $3.73 trillion, a price-to-earnings ratio of 40.58, a PEG ratio of 2.38 and a beta of 1.23. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $247.24.

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

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio (DPR) is 16.45%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AAPL shares. New Street Research restated a “neutral” rating and set a $225.00 target price on shares of Apple in a research report on Wednesday, September 25th. Jefferies Financial Group lowered Apple from a “buy” rating to a “hold” rating and raised their price objective for the company from $205.00 to $212.92 in a report on Monday, October 7th. Maxim Group upped their target price on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Tigress Financial increased their target price on Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, Wedbush reissued an “outperform” rating and issued a $300.00 price target on shares of Apple in a report on Friday, November 29th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $236.78.

Apple Company Profile

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.