Everhart Financial Group Inc. Has $21.44 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Everhart Financial Group Inc. raised its position in Apple Inc. (NASDAQ:AAPL) by 13.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,815 shares of the iPhone maker’s stock after acquiring an additional 10,979 shares during the period. Apple makes up approximately 4.7% of Everhart Financial Group Inc.’s holdings, making the stock its 3rd biggest holding. Everhart Financial Group Inc.’s holdings in Apple were worth $21,439,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Bull Oak Capital LLC increased its holdings in shares of Apple by 252.3% during the third 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 stake in Apple during the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc grew its position in 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 Apple during the 3rd quarter valued at approximately $110,000. Finally, Cordant Inc. raised its holdings in shares of Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock worth $158,000 after buying an additional 173 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Up 0.8 %

Shares of Apple stock opened at $229.98 on Friday. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The firm’s 50-day moving average price is $241.01 and its 200 day moving average price is $230.65. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $3.48 trillion, a PE ratio of 37.83, a P/E/G ratio of 2.32 and a beta of 1.20.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. During the same period in the previous year, the company posted $1.46 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio is currently 16.45%.

Analyst Ratings Changes

AAPL has been the topic of a number of research analyst reports. Oppenheimer reissued a “buy” rating and set a $250.00 price objective on shares of Apple in a report on Tuesday, October 1st. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Morgan Stanley restated an “overweight” rating and issued a $273.00 price objective on shares of Apple in a research note on Friday, December 13th. Evercore ISI reiterated a “buy” rating and issued a $250.00 target price on shares of Apple in a research report on Thursday, September 26th. Finally, New Street Research reiterated a “neutral” rating and issued a $225.00 price target on shares of Apple in a report on Wednesday, September 25th. 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $239.85.

Insider Transactions at Apple

In other news, insider Chris Kondo sold 4,130 shares of Apple 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 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 disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

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.