Apple Inc. (NASDAQ:AAPL) Shares Purchased by FMB Wealth Management

FMB Wealth Management raised its position in Apple Inc. (NASDAQ:AAPL) by 2.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 19,291 shares of the iPhone maker’s stock after acquiring an additional 500 shares during the quarter. Apple comprises about 2.5% of FMB Wealth Management’s portfolio, making the stock its 11th biggest holding. FMB Wealth Management’s holdings in Apple were worth $4,495,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bull Oak Capital LLC grew its stake in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. Hershey Financial Advisers LLC purchased a new position in Apple in the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc boosted its holdings in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares during the last quarter. ARK Investment Management LLC acquired a new position in shares of Apple during the 3rd quarter worth approximately $110,000. Finally, Cordant Inc. grew its position in shares of Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock valued at $158,000 after purchasing an additional 173 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Down 4.0 %

Shares of NASDAQ AAPL opened at $228.26 on Friday. The stock has a market cap of $3.45 trillion, a P/E ratio of 37.54, a PEG ratio of 2.32 and a beta of 1.20. The business’s fifty day simple moving average is $240.93 and its 200-day simple moving average is $230.57. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $94.93 billion for 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 revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.46 EPS. As a group, equities analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. Apple’s dividend payout ratio is currently 16.45%.

Insider Buying and Selling

In related 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 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at $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 insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. UBS Group reiterated a “neutral” rating and set a $236.00 price objective on shares of Apple in a research report on Monday, December 2nd. Maxim Group lifted their price target on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Bank of America reissued a “buy” rating and issued a $256.00 price objective on shares of Apple in a report on Friday, January 3rd. Wedbush raised their price objective on shares of Apple from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Thursday, December 26th. Finally, Wells Fargo & Company boosted their target price on shares of Apple to $275.00 and gave the company a “buy” rating in a report on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Apple has a consensus 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.