Apple Inc. $AAPL Stock Holdings Lifted by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. increased its position in Apple Inc. (NASDAQ:AAPL) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 314,217 shares of the iPhone maker’s stock after buying an additional 3,156 shares during the period. Apple comprises approximately 3.4% of GW Henssler & Associates Ltd.’s holdings, making the stock its 2nd largest position. GW Henssler & Associates Ltd.’s holdings in Apple were worth $64,468,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AAPL. Ryan Investment Management Inc. purchased a new stake in Apple during the 2nd quarter valued at approximately $31,000. ROSS JOHNSON & Associates LLC lifted its holdings in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after buying an additional 180 shares in the last quarter. LSV Asset Management bought a new position in shares of Apple during the fourth quarter worth $65,000. Elite Financial Inc. purchased a new position in Apple during the first quarter valued at $58,000. Finally, HFM Investment Advisors LLC purchased a new position in Apple during the first quarter valued at $99,000. 67.73% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Timothy D. Cook sold 129,963 shares of Apple stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the completion of the transaction, the chief executive officer directly owned 3,280,295 shares of the company’s stock, valued at approximately $842,412,558.95. The trade was a 3.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 47,125 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the completion of the sale, the senior vice president directly owned 179,158 shares in the company, valued at $46,005,982.82. This trade represents a 20.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 224,300 shares of company stock worth $57,586,933. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on AAPL. Seaport Res Ptn upgraded shares of Apple to a “strong-buy” rating in a research note on Wednesday, October 1st. The Goldman Sachs Group boosted their target price on Apple from $279.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. TD Cowen increased their price target on Apple from $275.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Moffett Nathanson upgraded Apple from a “sell” rating to a “neutral” rating and set a $225.00 price target for the company in a report on Thursday, September 4th. Finally, Rosenblatt Securities upped their price objective on Apple from $241.00 to $250.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $278.22.

Apple Trading Down 0.5%

Shares of NASDAQ AAPL opened at $268.47 on Friday. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $277.32. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The business’s 50 day moving average is $252.25 and its two-hundred day moving average is $224.71. The stock has a market capitalization of $3.97 trillion, a P/E ratio of 40.74, a PEG ratio of 2.62 and a beta of 1.09.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.11. The firm had revenue of $102.47 billion during the quarter, compared to analysts’ expectations of $101.65 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.64 EPS. As a group, research analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Monday, November 10th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, November 10th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Apple’s payout ratio is 13.92%.

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.