Droms Strauss Advisors Inc. MO ADV Has $3.55 Million Stake in Apple Inc. (NASDAQ:AAPL)

Droms Strauss Advisors Inc. MO ADV decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 11.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,224 shares of the iPhone maker’s stock after selling 1,995 shares during the period. Apple comprises 1.3% of Droms Strauss Advisors Inc. MO ADV’s portfolio, making the stock its 19th largest holding. Droms Strauss Advisors Inc. MO ADV’s holdings in Apple were worth $3,547,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AAPL. Lantz Financial LLC increased its holdings 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 period. BlueSky Wealth Advisors LLC increased its holdings in Apple by 42.1% in the second quarter. BlueSky Wealth Advisors LLC now owns 8,516 shares of the iPhone maker’s stock worth $1,794,000 after buying an additional 2,521 shares during the last quarter. Mcdonald Partners LLC increased its holdings in Apple by 4.0% in the second quarter. Mcdonald Partners LLC now owns 77,458 shares of the iPhone maker’s stock worth $16,314,000 after buying an additional 2,959 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. increased its holdings in Apple by 3.1% in the second quarter. Comprehensive Financial Consultants Institutional Inc. now owns 29,262 shares of the iPhone maker’s stock worth $6,163,000 after buying an additional 878 shares during the last quarter. Finally, Divergent Wealth Advisors acquired a new position in Apple in the second quarter worth approximately $317,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Down 2.4 %

Shares of AAPL stock opened at $236.85 on Friday. The stock has a market cap of $3.58 trillion, a P/E ratio of 38.96, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The stock has a fifty day moving average price of $240.18 and a 200 day moving average price of $230.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. The firm 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%. Apple’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business earned $1.46 earnings per share. Analysts predict that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.42%. Apple’s dividend payout ratio is currently 16.45%.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 4,130 shares of the 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 completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, 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 disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AAPL. Evercore ISI restated a “buy” rating and issued a $250.00 price objective on shares of Apple in a report on Thursday, September 26th. Sanford C. Bernstein increased their price objective on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Bank of America restated a “buy” rating and issued a $256.00 price objective on shares of Apple in a report on Friday, January 3rd. Wells Fargo & Company increased their price objective on Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Barclays increased their price objective on Apple to $184.00 and gave the stock a “sell” rating in a report on Friday. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average price target of $239.85.

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.