Signal Advisors Wealth LLC Has $18.77 Million Stock Position in Apple Inc. $AAPL

Signal Advisors Wealth LLC grew its position in Apple Inc. (NASDAQ:AAPLFree Report) by 7.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,713 shares of the iPhone maker’s stock after purchasing an additional 4,892 shares during the quarter. Apple comprises approximately 1.7% of Signal Advisors Wealth LLC’s investment portfolio, making the stock its 9th biggest position. Signal Advisors Wealth LLC’s holdings in Apple were worth $18,770,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Ryan Investment Management Inc. bought a new stake in shares of Apple in the second quarter valued at about $31,000. ROSS JOHNSON & Associates LLC raised its stake in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares in the last quarter. Nexus Investment Management ULC grew its position in shares of Apple by 333.3% during the 2nd quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock worth $53,000 after purchasing an additional 200 shares in the last quarter. LSV Asset Management bought a new position in shares of Apple during the fourth quarter worth approximately $65,000. Finally, Morgan Dempsey Capital Management LLC increased its holdings in shares of Apple by 41.0% during the second quarter. Morgan Dempsey Capital Management LLC now owns 430 shares of the iPhone maker’s stock worth $88,000 after purchasing an additional 125 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Apple

In other Apple news, SVP Deirdre O’brien sold 43,013 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total value of $11,071,116.07. Following the completion of the transaction, the senior vice president directly owned 136,687 shares in the company, valued at approximately $35,181,866.93. This trade represents a 23.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevan Parekh sold 4,199 shares of Apple stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $247.39, for a total value of $1,038,790.61. Following the sale, the chief financial officer directly owned 8,765 shares in the company, valued at $2,168,373.35. The trade was a 32.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 228,052 shares of company stock worth $58,604,588 over the last 90 days. 0.06% of the stock is currently owned by company insiders.

Apple Stock Down 0.1%

AAPL stock opened at $273.40 on Friday. The firm has a 50-day moving average price of $272.54 and a 200-day moving average price of $241.75. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $288.62. 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 $4.04 trillion, a P/E ratio of 36.60, a price-to-earnings-growth ratio of 2.56 and a beta of 1.10.

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

Apple Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. TD Cowen boosted 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 target price for the company in a research report on Thursday, September 4th. HSBC set a $220.00 price target on Apple and gave the stock a “hold” rating in a research report on Monday, September 8th. Melius increased their price objective 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. Finally, Melius Research set a $345.00 target price on shares of Apple in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $283.92.

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Apple Company Profile

(Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

See Also

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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