Sage Private Wealth Group LLC Purchases 2,623 Shares of Apple Inc. $AAPL

Sage Private Wealth Group LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 20.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,681 shares of the iPhone maker’s stock after purchasing an additional 2,623 shares during the quarter. Apple comprises 2.1% of Sage Private Wealth Group LLC’s holdings, making the stock its 10th biggest position. Sage Private Wealth Group LLC’s holdings in Apple were worth $3,217,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Avid Wealth Partners LLC increased its position in Apple by 28.3% during the first quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock worth $935,000 after buying an additional 930 shares during the last quarter. Bell & Brown Wealth Advisors LLC lifted its position in shares of Apple by 0.4% in the first quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock valued at $13,772,000 after buying an additional 240 shares during the last quarter. American National Bank & Trust boosted its stake in shares of Apple by 2.4% during the 2nd quarter. American National Bank & Trust now owns 195,482 shares of the iPhone maker’s stock worth $40,107,000 after acquiring an additional 4,543 shares during the period. Andina Capital Management LLC boosted its stake in shares of Apple by 209.2% during the 1st quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock worth $1,507,000 after acquiring an additional 4,591 shares during the period. Finally, Plum Street Advisors LLC increased its holdings in shares of Apple by 4.0% during the 1st quarter. Plum Street Advisors LLC now owns 7,889 shares of the iPhone maker’s stock worth $1,752,000 after acquiring an additional 301 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total value of $12,101,228.75. Following the completion of the transaction, the senior vice president directly owned 179,158 shares in the company, valued at approximately $46,005,982.82. The trade was a 20.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 3,752 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $271.23, for a total transaction of $1,017,654.96. Following the sale, the insider directly owned 15,098 shares of the company’s stock, valued at approximately $4,095,030.54. This trade represents a 19.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 228,052 shares of company stock valued at $58,604,588 over the last three months. 0.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AAPL shares. BMO Capital Markets reaffirmed a “buy” rating on shares of Apple in a report on Wednesday, August 13th. Barclays increased their price objective on shares of Apple from $180.00 to $230.00 and gave the company an “underweight” rating in a research report on Friday, October 31st. Seaport Res Ptn raised shares of Apple to a “strong-buy” rating in a report on Wednesday, October 1st. Melius Research set a $345.00 price target on shares of Apple in a research note on Friday, October 31st. Finally, Monness Crespi & Hardt raised their price objective on shares of Apple from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $278.22.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $272.41 on Friday. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $277.32. The company’s 50 day moving average price is $255.92 and its two-hundred day moving average price is $226.95. The firm has a market cap of $4.03 trillion, a PE ratio of 41.34, a PEG ratio of 2.62 and a beta of 1.09. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 170.91% and a net margin of 24.30%.The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.64 earnings per share. Equities research analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 10th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, November 10th. 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.