TL Private Wealth Grows Stock Holdings in Apple Inc. (NASDAQ:AAPL)

TL Private Wealth increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,583 shares of the iPhone maker’s stock after purchasing an additional 133 shares during the period. Apple makes up 0.4% of TL Private Wealth’s investment portfolio, making the stock its 19th largest holding. TL Private Wealth’s holdings in Apple were worth $794,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Hershey Financial Advisers LLC purchased a new stake in Apple during the second quarter valued at approximately $42,000. Hoese & Co LLP increased its holdings in Apple by 6.7% during the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after buying an additional 57 shares during the last quarter. Sage Financial Group Inc. purchased a new stake in Apple during the second quarter valued at approximately $206,000. Benchmark Wealth Management LLC purchased a new stake in Apple during the second quarter valued at approximately $208,000. Finally, SMH Capital Advisors Inc. purchased a new stake in Apple during the second quarter valued at approximately $209,000. 60.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the completion of the sale, the chief operating officer now owns 489,944 shares in the company, valued at $111,148,695.84. This trade represents a 10.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 408,170 shares of company stock worth $92,007,745. 0.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AAPL shares. Barclays reduced their target price on shares of Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, November 1st. UBS Group upped their price target on shares of Apple to $236.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th. Tigress Financial upped their price target on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 28th. Jefferies Financial Group lowered shares of Apple from a “buy” rating to a “hold” rating and upped their price target for the stock from $205.00 to $212.92 in a research report on Monday, October 7th. Finally, The Goldman Sachs Group upped their price target on shares of Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $235.25.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $234.93 on Thursday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. The stock has a market capitalization of $3.55 trillion, a P/E ratio of 38.64, a PEG ratio of 2.28 and a beta of 1.24. The firm has a fifty day simple moving average of $228.71 and a two-hundred day simple moving average of $219.12. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. The firm had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business earned $1.46 EPS. On average, analysts expect that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

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.