Apple Inc. (NASDAQ:AAPL) Shares Bought by Wealthgate Family Office LLC

Wealthgate Family Office LLC grew its holdings in Apple Inc. (NASDAQ:AAPL) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,283 shares of the iPhone maker’s stock after buying an additional 698 shares during the quarter. Apple accounts for approximately 8.4% of Wealthgate Family Office LLC’s holdings, making the stock its 3rd biggest holding. Wealthgate Family Office LLC’s holdings in Apple were worth $3,430,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Meridian Wealth Partners LLC grew its holdings in shares of Apple by 2.4% in the 2nd quarter. Meridian Wealth Partners LLC now owns 39,235 shares of the iPhone maker’s stock worth $8,264,000 after purchasing an additional 930 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd bought a new stake in Apple during the 2nd quarter worth about $1,996,000. E Fund Management Co. Ltd. grew its holdings in Apple by 31.6% during the 2nd quarter. E Fund Management Co. Ltd. now owns 306,884 shares of the iPhone maker’s stock worth $64,636,000 after acquiring an additional 73,629 shares during the last quarter. DecisionPoint Financial LLC grew its holdings in Apple by 1.7% during the 2nd quarter. DecisionPoint Financial LLC now owns 10,815 shares of the iPhone maker’s stock worth $2,402,000 after acquiring an additional 180 shares during the last quarter. Finally, Financial & Tax Architects LLC grew its holdings in Apple by 17.1% during the 2nd quarter. Financial & Tax Architects LLC now owns 9,392 shares of the iPhone maker’s stock worth $1,978,000 after acquiring an additional 1,370 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Maxim Group increased their price objective on shares of Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $273.00 target price on shares of Apple in a research note on Tuesday, September 10th. Wedbush reaffirmed an “outperform” rating and issued a $285.00 target price on shares of Apple in a research note on Monday, September 9th. Raymond James raised their target price on shares of Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, New Street Research reaffirmed a “neutral” rating and issued a $225.00 target price on shares of Apple in a research note on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.51.

Apple Stock Up 0.6 %

NASDAQ AAPL opened at $223.45 on Wednesday. The stock’s 50-day moving average price is $226.98 and its 200-day moving average price is $213.44. 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 Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. The company has a market capitalization of $3.40 trillion, a P/E ratio of 36.75, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24.

Apple (NASDAQ:AAPL) last released 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. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. During the same quarter last year, the business posted $1.46 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. On average, equities research analysts predict that Apple Inc. will post 7.45 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, November 8th. Apple’s payout ratio is 16.45%.

Insider Activity

In related news, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the transaction, the insider now owns 15,419 shares in the company, valued at $3,469,275. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 417,924 shares of company stock valued at $94,142,399 in the last ninety days. 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.