Holistic Financial Partners Has $2.85 Million Stake in Apple Inc. (NASDAQ:AAPL)

Holistic Financial Partners raised its position in Apple Inc. (NASDAQ:AAPL) by 4.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 12,224 shares of the iPhone maker’s stock after buying an additional 494 shares during the quarter. Apple comprises about 1.4% of Holistic Financial Partners’ portfolio, making the stock its 14th largest holding. Holistic Financial Partners’ holdings in Apple were worth $2,848,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. High Net Worth Advisory Group LLC grew its holdings in shares of Apple by 1.7% during the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after purchasing an additional 1,066 shares during the last quarter. Granite Investment Partners LLC grew its holdings in Apple by 2.7% in the second quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker’s stock worth $60,958,000 after purchasing an additional 7,606 shares during the period. Truist Financial Corp boosted its holdings in Apple by 1.8% in the second quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock worth $1,473,224,000 after acquiring an additional 126,210 shares in the last quarter. Sterling Investment Counsel LLC increased its stake in Apple by 3.8% during the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after purchasing an additional 2,565 shares in the last quarter. Finally, Silicon Valley Capital Partners lifted its position in Apple by 12.8% in the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock valued at $59,122,000 after acquiring an additional 28,799 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Down 0.4 %

AAPL stock opened at $222.78 on Monday. The business has a 50 day moving average of $240.93 and a 200 day moving average of $230.70. The firm has a market cap of $3.35 trillion, a PE ratio of 36.64, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. 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 issued its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. The company had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company posted $1.46 earnings per share. On average, research analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed 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 0.45%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio (DPR) is currently 16.45%.

Wall Street Analyst Weigh In

AAPL has been the topic of several recent analyst reports. UBS Group reissued a “neutral” rating and set a $236.00 target price on shares of Apple in a research report on Monday, December 2nd. Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 price target for the company. in a report on Tuesday, January 21st. Barclays lowered their target price on shares of Apple from $184.00 to $183.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 22nd. Jefferies Financial Group cut shares of Apple from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $211.84 to $200.75 in a research report on Tuesday, January 21st. Finally, Oppenheimer restated a “buy” rating and issued a $250.00 target price on shares of Apple in a research report on Tuesday, October 1st. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $238.05.

Insider Activity at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction on 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 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 Securities & Exchange Commission, which is available through this link. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction that occurred on 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 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. 0.06% of the stock is owned by corporate insiders.

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.