Ibex Wealth Advisors raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 303.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 125,894 shares of the iPhone maker’s stock after acquiring an additional 94,727 shares during the quarter. Apple makes up about 4.2% of Ibex Wealth Advisors’ investment portfolio, making the stock its 2nd biggest position. Ibex Wealth Advisors’ holdings in Apple were worth $14,580,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the business. Foundry Partners LLC raised its holdings in Apple by 261.3% during the third quarter. Foundry Partners LLC now owns 9,080 shares of the iPhone maker’s stock valued at $1,052,000 after acquiring an additional 6,567 shares during the period. Wolff Financial Management LLC boosted its holdings in shares of Apple by 300.6% in the third quarter. Wolff Financial Management LLC now owns 19,603 shares of the iPhone maker’s stock valued at $2,270,000 after purchasing an additional 14,710 shares during the period. Cordatus Wealth Management LLC boosted its holdings in shares of Apple by 294.9% in the third quarter. Cordatus Wealth Management LLC now owns 105,687 shares of the iPhone maker’s stock valued at $12,240,000 after purchasing an additional 78,922 shares during the period. Gateway Advisory LLC boosted its holdings in shares of Apple by 299.3% in the third quarter. Gateway Advisory LLC now owns 63,941 shares of the iPhone maker’s stock valued at $7,405,000 after purchasing an additional 47,926 shares during the period. Finally, James Investment Research Inc. boosted its holdings in shares of Apple by 253.9% in the third quarter. James Investment Research Inc. now owns 323,076 shares of the iPhone maker’s stock valued at $37,415,000 after purchasing an additional 231,781 shares during the period. 59.65% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ AAPL opened at $110.44 on Wednesday. The company has a 50 day simple moving average of $114.17 and a 200-day simple moving average of $99.01. The company has a market capitalization of $1,914.74 billion, a P/E ratio of 33.88, a P/E/G ratio of 2.45 and a beta of 1.36. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.36 and a quick ratio of 1.33. Apple Inc. has a 1 year low of $53.15 and a 1 year high of $137.98.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, November 3rd. The iPhone maker reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.03. The business had revenue of $64.70 billion during the quarter, compared to the consensus estimate of $63.33 billion. Apple had a net margin of 20.91% and a return on equity of 75.15%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.03 EPS. As a group, research analysts expect that Apple Inc. will post 4.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Monday, November 9th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.74%. Apple’s payout ratio is currently 25.00%.
In related news, CEO Timothy D. Cook sold 265,160 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $496.91, for a total transaction of $131,760,655.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Deirdre O’brien sold 31,200 shares of the stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $119.80, for a total transaction of $3,737,760.00. The disclosure for this sale can be found here. Insiders have sold a total of 811,974 shares of company stock valued at $194,985,342 in the last ninety days. 0.05% of the stock is currently owned by corporate insiders.
A number of analysts recently issued reports on AAPL shares. Monness Crespi & Hardt boosted their price target on Apple from $117.50 to $144.00 and gave the company a “buy” rating in a report on Monday, August 31st. Robert W. Baird boosted their price target on Apple from $109.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, September 10th. Canaccord Genuity boosted their price target on Apple to $145.00 in a report on Tuesday, September 1st. DZ Bank reiterated a “buy” rating on shares of Apple in a report on Monday, August 31st. Finally, Piper Sandler raised shares of Apple to an “overweight” rating and boosted their price objective for the stock from $130.00 to $135.00 in a research note on Thursday, October 22nd. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $111.67.
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.
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