Darwin Wealth Management LLC Invests $12.10 Million in Apple Inc. (NASDAQ:AAPL)

Darwin Wealth Management LLC bought a new stake in Apple Inc. (NASDAQ:AAPL) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 51,943 shares of the iPhone maker’s stock, valued at approximately $12,103,000. Apple comprises about 3.3% of Darwin Wealth Management LLC’s holdings, making the stock its 4th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bull Oak Capital LLC raised its position in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the last quarter. Hershey Financial Advisers LLC acquired a new position in shares of Apple during the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc increased its position 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. increased its position in shares of Apple by 34.3% during the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock worth $158,000 after purchasing an additional 173 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 4,130 shares of the company’s 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 completion of the transaction, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was 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.

Wall Street Analyst Weigh In

AAPL has been the topic of several recent analyst reports. TD Cowen reaffirmed a “buy” rating on shares of Apple in a research report on Tuesday. Oppenheimer lowered Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday. KeyCorp downgraded Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price for the company. in a research note on Friday, October 25th. Raymond James lifted their target price on Apple to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 20th. Finally, Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and set a $230.00 target price for the company. in a research note on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $238.05.

Apple Price Performance

Apple stock opened at $239.36 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10. The stock has a market capitalization of $3.60 trillion, a P/E ratio of 39.37, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. The stock has a fifty day moving average of $241.17 and a 200-day moving average of $230.75.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 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 company had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. During the same quarter in the previous year, the firm earned $1.46 EPS. Apple’s revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts expect that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

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.