GGM Financials LLC Buys 189 Shares of Apple Inc. (NASDAQ:AAPL)

GGM Financials LLC raised its stake in Apple Inc. (NASDAQ:AAPL) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,324 shares of the iPhone maker’s stock after buying an additional 189 shares during the period. Apple comprises about 1.5% of GGM Financials LLC’s portfolio, making the stock its 11th biggest position. GGM Financials LLC’s holdings in Apple were worth $1,707,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Lantz Financial LLC lifted its stake 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 lifted its stake in shares of Apple by 42.1% in the 2nd quarter. BlueSky Wealth Advisors LLC now owns 8,516 shares of the iPhone maker’s stock valued at $1,794,000 after purchasing an additional 2,521 shares during the period. Mcdonald Partners LLC lifted its stake in shares of Apple by 4.0% in the 2nd quarter. Mcdonald Partners LLC now owns 77,458 shares of the iPhone maker’s stock valued at $16,314,000 after purchasing an additional 2,959 shares during the period. Comprehensive Financial Consultants Institutional Inc. lifted its stake in shares of Apple by 3.1% in the 2nd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 29,262 shares of the iPhone maker’s stock valued at $6,163,000 after purchasing an additional 878 shares during the period. Finally, Divergent Wealth Advisors acquired a new position in shares of Apple in the 2nd quarter valued at about $317,000. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, 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 transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares of the company’s stock, 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. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AAPL. Moffett Nathanson reissued a “sell” rating and issued a $188.00 price objective (down from $202.00) on shares of Apple in a research note on Tuesday, January 7th. New Street Research reissued a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research note on Wednesday, September 25th. UBS Group reissued a “neutral” rating and issued a $236.00 price objective on shares of Apple in a research note on Monday, December 2nd. Wedbush boosted their price objective on Apple from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Thursday, December 26th. Finally, Evercore ISI reaffirmed a “buy” rating and set a $250.00 price target on shares of Apple in a research note on Thursday, September 26th. Three investment 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 given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $239.85.

Apple Stock Performance

AAPL stock opened at $236.85 on Friday. The firm has a market cap of $3.58 trillion, a PE ratio of 38.96, a P/E/G ratio of 2.41 and a beta of 1.20. 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 business has a 50 day moving average of $240.18 and a 200-day moving average of $230.10. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10.

Apple (NASDAQ:AAPL) last released its 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 company had revenue of $94.93 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company posted $1.46 earnings per share. As a group, sell-side analysts expect that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

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

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.