O Connor Financial Group LLC Has $824,000 Stock Position in Apple Inc. (NASDAQ:AAPL)

O Connor Financial Group LLC increased its position in Apple Inc. (NASDAQ:AAPL) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,537 shares of the iPhone maker’s stock after purchasing an additional 61 shares during the quarter. O Connor Financial Group LLC’s holdings in Apple were worth $824,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Hershey Financial Advisers LLC bought a new position in shares of Apple in the second quarter valued at about $42,000. Hoese & Co LLP boosted its position in shares of Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after acquiring an additional 57 shares during the period. Sage Financial Group Inc. bought a new stake in Apple in the 2nd quarter valued at about $206,000. Benchmark Wealth Management LLC acquired a new position in shares of Apple during the 2nd quarter worth approximately $208,000. Finally, SMH Capital Advisors Inc. bought a new position in Apple during the 2nd quarter worth $209,000. Institutional investors own 60.41% of the company’s stock.

Apple Price Performance

NASDAQ:AAPL opened at $235.06 on Wednesday. The business has a 50 day simple moving average of $228.43 and a 200-day simple moving average of $219.01. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The firm has a market capitalization of $3.55 trillion, a price-to-earnings ratio of 38.66, a PEG ratio of 2.25 and a beta of 1.24. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share 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 for the quarter, compared to the consensus estimate of $94.52 billion. During the same period in the prior year, the business posted $1.46 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.43%. Apple’s dividend payout ratio (DPR) is currently 16.45%.

Insider Buying and Selling

In related news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value 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 $736,269,202.80. This represents a 6.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Katherine L. Adams sold 61,019 shares of the 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 transaction, the senior vice president now owns 187,043 shares in the company, valued at approximately $42,309,126.60. The trade was a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 408,170 shares of company stock valued at $92,007,745 over the last quarter. 0.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AAPL shares. KeyCorp lowered shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price on the stock. in a report on Friday, October 25th. Piper Sandler reaffirmed a “neutral” rating and set a $225.00 target price on shares of Apple in a research note on Wednesday, October 9th. New Street Research restated a “neutral” rating and issued a $225.00 price target on shares of Apple in a research report on Wednesday, September 25th. Barclays lowered their price objective on Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a research report on Friday, November 1st. Finally, Bank of America reaffirmed a “buy” rating and issued a $256.00 price objective on shares of Apple in a research note on Thursday, October 3rd. 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 given a strong buy rating to the company. According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.25.

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.