Apple Inc. $AAPL Holdings Boosted by Jackson Wealth Management LLC

Jackson Wealth Management LLC grew its holdings in Apple Inc. (NASDAQ:AAPL) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,857 shares of the iPhone maker’s stock after purchasing an additional 2,120 shares during the period. Apple makes up 5.1% of Jackson Wealth Management LLC’s portfolio, making the stock its 5th biggest position. Jackson Wealth Management LLC’s holdings in Apple were worth $51,399,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AAPL. Kingstone Capital Partners Texas LLC grew its stake in Apple by 573,627.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock valued at $39,065,374,000 after acquiring an additional 205,656,808 shares in the last quarter. Norges Bank purchased a new stake in shares of Apple in the second quarter worth approximately $38,942,255,000. Nuveen LLC acquired a new stake in shares of Apple during the first quarter worth approximately $17,472,482,000. PKS Advisory Services LLC boosted its holdings in shares of Apple by 98,917.0% during the second quarter. PKS Advisory Services LLC now owns 57,956,620 shares of the iPhone maker’s stock worth $12,106,000 after purchasing an additional 57,898,088 shares during the period. Finally, Laurel Wealth Advisors LLC grew its position in Apple by 20,464.8% during the second quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker’s stock valued at $5,553,753,000 after purchasing an additional 26,937,401 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a research report on Wednesday, December 3rd. Melius upped their price target on shares of Apple from $290.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. increased their price objective on Apple from $290.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. DA Davidson lifted their price objective on Apple from $250.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Wedbush set a $350.00 target price on Apple and gave the company an “outperform” rating in a research note on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $283.92.

Apple Trading Down 1.0%

Shares of NASDAQ:AAPL opened at $271.84 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $4.02 trillion, a PE ratio of 36.39, a P/E/G ratio of 2.57 and a beta of 1.10. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $288.62. The firm has a fifty day moving average price of $269.23 and a 200 day moving average price of $238.57.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.11. The company had revenue of $102.47 billion during the quarter, compared to analysts’ expectations of $101.65 billion. Apple had a return on equity of 164.05% and a net margin of 26.92%.The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 earnings per share. Analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 10th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, November 10th. Apple’s payout ratio is 13.92%.

Insider Activity

In other news, SVP Deirdre O’brien sold 43,013 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $257.39, for a total value of $11,071,116.07. Following the completion of the sale, the senior vice president directly owned 136,687 shares in the company, valued at approximately $35,181,866.93. The trade was a 23.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 129,963 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the sale, the chief executive officer directly owned 3,280,295 shares of the company’s stock, valued at approximately $842,412,558.95. This represents a 3.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 228,052 shares of company stock valued at $58,604,588. Insiders own 0.06% of the company’s stock.

Apple Company 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.