EnRich Financial Partners LLC Has $2.18 Million Holdings in Apple Inc. (NASDAQ:AAPL)

EnRich Financial Partners LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,356 shares of the iPhone maker’s stock after purchasing an additional 66 shares during the quarter. Apple makes up about 0.7% of EnRich Financial Partners LLC’s investment portfolio, making the stock its 20th biggest holding. EnRich Financial Partners LLC’s holdings in Apple were worth $2,180,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. High Net Worth Advisory Group LLC boosted its position in 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 valued at $14,916,000 after purchasing an additional 1,066 shares during the last quarter. Granite Investment Partners LLC raised its stake in shares of Apple by 2.7% during the 2nd 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 in the last quarter. Truist Financial Corp boosted its holdings in shares of Apple by 1.8% in the 2nd quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock valued at $1,473,224,000 after buying an additional 126,210 shares during the last quarter. Sterling Investment Counsel LLC grew its stake in shares of Apple by 3.8% in the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after buying an additional 2,565 shares in the last quarter. Finally, Silicon Valley Capital Partners increased its holdings in Apple by 12.8% during the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock worth $59,122,000 after buying an additional 28,799 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In other news, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction on Monday, November 18th. The shares were 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 approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

Apple Trading Up 3.2 %

Shares of AAPL stock opened at $229.82 on Tuesday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The stock’s fifty day moving average price is $240.93 and its two-hundred day moving average price is $230.68. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The company has a market cap of $3.46 trillion, a PE ratio of 37.80, a P/E/G ratio of 2.19 and a beta of 1.20.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The business 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 was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $1.46 earnings per share. Equities analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

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

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of analyst reports. Barclays decreased their price objective on shares of Apple from $184.00 to $183.00 and set an “underweight” rating for the company in a research report on Wednesday, January 22nd. KeyCorp cut Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price objective for the company. in a research report on Friday, October 25th. Wells Fargo & Company increased their price target on Apple to $275.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Moffett Nathanson reaffirmed a “sell” rating and set a $188.00 price objective (down from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Apple from $265.00 to $260.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $238.05.

Apple 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.