Greenwich Wealth Management LLC Acquires 1,718 Shares of Apple Inc. (NASDAQ:AAPL)

Greenwich Wealth Management LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 206,529 shares of the iPhone maker’s stock after acquiring an additional 1,718 shares during the period. Apple accounts for 3.2% of Greenwich Wealth Management LLC’s portfolio, making the stock its 6th largest position. Greenwich Wealth Management LLC’s holdings in Apple were worth $48,121,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Fullcircle Wealth LLC lifted its stake in Apple by 1.2% in the third quarter. Fullcircle Wealth LLC now owns 26,597 shares of the iPhone maker’s stock valued at $6,208,000 after buying an additional 312 shares during the period. BluePath Capital Management LLC boosted its stake in Apple by 2.5% during the 3rd quarter. BluePath Capital Management LLC now owns 14,430 shares of the iPhone maker’s stock worth $3,362,000 after acquiring an additional 352 shares during the last quarter. Visionary Horizons LLC boosted its stake in Apple by 4.0% during the 3rd quarter. Visionary Horizons LLC now owns 5,125 shares of the iPhone maker’s stock worth $1,194,000 after acquiring an additional 196 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in Apple by 1.4% in the third quarter. Chicago Partners Investment Group LLC now owns 241,004 shares of the iPhone maker’s stock valued at $55,614,000 after purchasing an additional 3,275 shares in the last quarter. Finally, Phillips Wealth Planners LLC raised its holdings in Apple by 4.7% in the third quarter. Phillips Wealth Planners LLC now owns 5,681 shares of the iPhone maker’s stock worth $1,317,000 after purchasing an additional 255 shares during the period. Institutional investors own 67.73% of the company’s stock.

Apple Stock Down 0.2 %

Apple stock opened at $243.36 on Friday. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The stock has a market cap of $3.68 trillion, a P/E ratio of 40.03, a P/E/G ratio of 2.41 and a beta of 1.20. The company’s 50-day moving average price is $238.91 and its two-hundred day moving average price is $228.87. 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 (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. The business 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 EPS. As a group, analysts expect that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.41%. Apple’s dividend payout ratio is presently 16.45%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AAPL. StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Morgan Stanley reissued an “overweight” rating and issued a $273.00 target price on shares of Apple in a research note on Friday, December 13th. Citigroup raised their price target on Apple to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company boosted their price objective on Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Rosenblatt Securities raised their target price on shares of Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $238.03.

Insider Activity

In related news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction 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 represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now owns 15,419 shares in the company, valued at $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. Corporate insiders own 0.06% of the company’s stock.

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.