Apple Inc. (NASDAQ:AAPL) Shares Acquired by Silverleafe Capital Partners LLC

Silverleafe Capital Partners LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.7% in the third quarter, Holdings Channel.com reports. The firm owned 87,814 shares of the iPhone maker’s stock after acquiring an additional 2,281 shares during the period. Apple comprises approximately 4.9% of Silverleafe Capital Partners LLC’s investment portfolio, making the stock its 3rd largest position. Silverleafe Capital Partners LLC’s holdings in Apple were worth $12,426,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Powell Investment Advisors LLC grew its holdings in Apple by 2.9% during the 3rd quarter. Powell Investment Advisors LLC now owns 10,125 shares of the iPhone maker’s stock valued at $1,433,000 after purchasing an additional 288 shares in the last quarter. Everhart Financial Group Inc. grew its holdings in Apple by 10.8% during the 3rd quarter. Everhart Financial Group Inc. now owns 28,544 shares of the iPhone maker’s stock worth $4,039,000 after acquiring an additional 2,781 shares in the last quarter. Bay Rivers Group grew its holdings in Apple by 1.8% during the 3rd quarter. Bay Rivers Group now owns 67,608 shares of the iPhone maker’s stock worth $9,566,000 after acquiring an additional 1,196 shares in the last quarter. Avenue 1 Advisors LLC grew its holdings in Apple by 3.5% during the 3rd quarter. Avenue 1 Advisors LLC now owns 7,324 shares of the iPhone maker’s stock worth $1,036,000 after acquiring an additional 247 shares in the last quarter. Finally, Alta Wealth Advisors LLC grew its holdings in Apple by 3.6% during the 3rd quarter. Alta Wealth Advisors LLC now owns 14,086 shares of the iPhone maker’s stock worth $1,993,000 after acquiring an additional 493 shares in the last quarter. 56.40% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on the stock. Evercore ISI raised shares of Apple to a “buy” rating and set a $180.00 price objective for the company in a report on Friday, September 10th. Wells Fargo & Company raised shares of Apple to an “overweight” rating and raised their price objective for the stock from $160.00 to $165.00 in a report on Wednesday, July 28th. Sanford C. Bernstein reissued a “hold” rating and set a $132.00 price objective on shares of Apple in a report on Tuesday, August 10th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Apple from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 28th. Finally, Fundamental Research raised their price target on shares of Apple from $163.99 to $164.79 and gave the stock a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $165.56.

AAPL stock opened at $161.94 on Thursday. Apple Inc. has a 52 week low of $115.17 and a 52 week high of $165.70. The company has a market capitalization of $2.66 trillion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 2.23 and a beta of 1.21. The firm’s 50-day moving average is $148.13 and its two-hundred day moving average is $142.67. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.73.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Wednesday, October 27th. The iPhone maker reported $1.24 EPS for the quarter, hitting analysts’ consensus estimates of $1.24. Apple had a net margin of 25.88% and a return on equity of 144.13%. The company had revenue of $83.40 billion for the quarter, compared to the consensus estimate of $84.94 billion. During the same period in the previous year, the firm earned $0.73 EPS. Apple’s revenue was up 28.9% on a year-over-year basis. On average, equities research analysts predict that Apple Inc. will post 5.77 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 11th. Stockholders of record on Monday, November 8th were paid a $0.22 dividend. The ex-dividend date was Friday, November 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.54%. Apple’s dividend payout ratio is currently 15.66%.

In other news, CFO Luca Maestri sold 165,829 shares of Apple stock in a transaction that occurred on Tuesday, October 19th. The shares were sold at an average price of $148.62, for a total value of $24,645,505.98. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Chris Kondo sold 9,005 shares of Apple stock in a transaction that occurred on Friday, November 12th. The stock was sold at an average price of $150.00, for a total transaction of $1,350,750.00. The disclosure for this sale can be found here. Insiders sold a total of 473,347 shares of company stock worth $67,822,283 in the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Apple Profile

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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