Bridge Advisory LLC Purchases 384 Shares of Apple Inc. (NASDAQ:AAPL)

Bridge Advisory LLC grew its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% in the third quarter, Holdings Channel reports. The institutional investor owned 34,797 shares of the iPhone maker’s stock after buying an additional 384 shares during the period. Apple accounts for 3.9% of Bridge Advisory LLC’s holdings, making the stock its 7th biggest holding. Bridge Advisory LLC’s holdings in Apple were worth $8,108,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hershey Financial Advisers LLC purchased a new position in shares of Apple in the 2nd quarter valued at about $42,000. Access Investment Management LLC acquired a new position in Apple during the first quarter worth about $140,000. Hoese & Co LLP grew its position in Apple by 6.7% during the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after buying an additional 57 shares during the period. Sage Financial Group Inc. acquired a new stake in shares of Apple during the 2nd quarter valued at approximately $206,000. Finally, Benchmark Wealth Management LLC acquired a new stake in shares of Apple during the 2nd quarter valued at approximately $208,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Stock Performance

Shares of AAPL stock opened at $228.02 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The company has a market cap of $3.45 trillion, a PE ratio of 37.50, a P/E/G ratio of 2.20 and a beta of 1.24. The company’s fifty day simple moving average is $227.18 and its 200-day simple moving average is $217.00. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49.

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

Apple Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 0.44%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Insiders Place Their Bets

In other news, SVP Katherine L. Adams sold 61,019 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the sale, the senior vice president now directly owns 187,043 shares in the company, valued at $42,309,126.60. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Luca Maestri sold 59,305 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the transaction, the chief financial officer now owns 107,788 shares in the company, valued at approximately $24,416,137.76. This trade represents a 35.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 404,040 shares of company stock worth $91,062,512 in the last 90 days. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Raymond James raised their price objective on Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. The Goldman Sachs Group raised their price target on Apple from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. KeyCorp lowered shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price objective on the stock. in a research report on Friday, October 25th. Moffett Nathanson initiated coverage on shares of Apple in a report on Monday, August 19th. They set a “neutral” rating and a $211.00 target price for the company. Finally, Wedbush reaffirmed an “outperform” rating and issued a $285.00 price target on shares of Apple in a report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $235.51.

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.