Apple Inc. (NASDAQ:AAPL) Shares Acquired by Lyell Wealth Management LP

Lyell Wealth Management LP raised its position in Apple Inc. (NASDAQ:AAPL) by 0.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 184,977 shares of the iPhone maker’s stock after purchasing an additional 576 shares during the quarter. Apple accounts for 3.9% of Lyell Wealth Management LP’s investment portfolio, making the stock its 2nd largest holding. Lyell Wealth Management LP’s holdings in Apple were worth $43,100,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Smith & Howard Wealth Management LLC lifted its holdings in Apple by 0.8% during the 3rd quarter. Smith & Howard Wealth Management LLC now owns 13,484 shares of the iPhone maker’s stock worth $3,142,000 after buying an additional 107 shares in the last quarter. CWC Advisors LLC. bought a new position in Apple in the third quarter valued at approximately $5,757,000. Mayfair Advisory Group LLC grew its holdings in Apple by 1.0% during the 3rd quarter. Mayfair Advisory Group LLC now owns 30,390 shares of the iPhone maker’s stock worth $6,892,000 after acquiring an additional 289 shares during the period. Burford Brothers Inc. lifted its stake in Apple by 0.4% in the third quarter. Burford Brothers Inc. now owns 72,936 shares of the iPhone maker’s stock valued at $16,994,000 after buying an additional 322 shares during the period. Finally, Cromwell Holdings LLC boosted its stake in Apple by 4.6% during the 3rd quarter. Cromwell Holdings LLC now owns 40,528 shares of the iPhone maker’s stock worth $9,443,000 after acquiring an additional 1,782 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction dated 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 sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction that occurred 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. This trade represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 508,170 shares of company stock worth $117,004,745. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Oppenheimer reaffirmed a “buy” rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, October 1st. Moffett Nathanson cut their price target on Apple from $211.00 to $202.00 and set a “neutral” rating on the stock in a report on Tuesday, November 19th. Piper Sandler restated a “neutral” rating and set a $225.00 target price on shares of Apple in a report on Wednesday, October 9th. Wedbush restated an “outperform” rating and issued a $300.00 price target on shares of Apple in a research note on Friday, November 29th. Finally, Barclays dropped their price objective on Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $236.78.

Apple Stock Performance

Shares of AAPL stock opened at $258.20 on Thursday. The firm has a market capitalization of $3.90 trillion, a PE ratio of 42.47, a P/E/G ratio of 2.41 and a beta of 1.23. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The company has a 50 day moving average price of $235.93 and a 200-day moving average price of $226.77. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $258.21.

Apple (NASDAQ:AAPL) last issued its quarterly 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. 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 business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.46 earnings per share. As a group, equities research analysts expect that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.39%. Apple’s dividend payout ratio (DPR) is 16.45%.

Apple 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.