Apple Inc. (NASDAQ:AAPL) Stock Position Boosted by Kolinsky Wealth Management LLC

Kolinsky Wealth Management LLC raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 7.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 30,132 shares of the iPhone maker’s stock after buying an additional 2,106 shares during the period. Apple accounts for about 4.5% of Kolinsky Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Kolinsky Wealth Management LLC’s holdings in Apple were worth $7,021,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AAPL. International Assets Investment Management LLC raised its position in shares of Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after purchasing an additional 93,886,664 shares during the last quarter. FMR LLC raised its holdings in shares of Apple by 5.3% in the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after buying an additional 18,224,005 shares during the last quarter. Strategic Financial Concepts LLC lifted its stake in shares of Apple by 14,145.8% during the second quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock worth $1,603,000 after buying an additional 7,558,826 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Apple by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after buying an additional 5,893,741 shares during the last quarter. Finally, Pathway Financial Advisers LLC increased its position in shares of Apple by 22,870.6% in the 3rd quarter. Pathway Financial Advisers LLC now owns 5,590,588 shares of the iPhone maker’s stock valued at $1,302,607,000 after acquiring an additional 5,566,250 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Apple Stock Up 0.3 %

Apple stock opened at $233.22 on Friday. The stock has a 50-day simple moving average of $241.49 and a 200-day simple moving average of $230.96. The company has a market capitalization of $3.51 trillion, a P/E ratio of 37.02, a PEG ratio of 2.36 and a beta of 1.20. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Equities research analysts expect that Apple Inc. will post 7.33 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 10th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.43%. Apple’s dividend payout ratio is presently 15.87%.

Analysts Set New Price Targets

AAPL has been the subject of a number of research reports. Moffett Nathanson reaffirmed a “sell” rating and set a $188.00 target price (down previously from $202.00) on shares of Apple in a report on Tuesday, January 7th. Jefferies Financial Group cut shares of Apple from a “hold” rating to an “underperform” rating and decreased their price objective for the company from $211.84 to $200.75 in a research note on Thursday, January 30th. Argus upgraded shares of Apple to a “strong-buy” rating in a research note on Friday, January 31st. Needham & Company LLC restated a “buy” rating and set a $260.00 target price on shares of Apple in a research report on Friday, January 31st. Finally, Sanford C. Bernstein increased their price target on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $242.52.

Insider Buying and Selling

In other news, COO Jeffrey E. Williams sold 100,000 shares of the 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 transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 15,419 shares in the company, 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. Insiders own 0.06% of the company’s stock.

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.