Apple Inc. (NASDAQ:AAPL) Position Lifted by Ceera Investments LLC

Ceera Investments LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 7.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 52,804 shares of the iPhone maker’s stock after acquiring an additional 3,704 shares during the quarter. Apple comprises 4.1% of Ceera Investments LLC’s holdings, making the stock its 5th largest position. Ceera Investments LLC’s holdings in Apple were worth $7,472,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. American Financial Advisors LLC grew its holdings in Apple by 2.8% during the 3rd quarter. American Financial Advisors LLC now owns 43,038 shares of the iPhone maker’s stock worth $6,090,000 after acquiring an additional 1,154 shares in the last quarter. Argent Advisors Inc. grew its holdings in Apple by 0.3% during the 3rd quarter. Argent Advisors Inc. now owns 31,201 shares of the iPhone maker’s stock worth $4,415,000 after acquiring an additional 79 shares in the last quarter. Daniels&Tansey LLP grew its holdings in Apple by 7.0% during the 3rd quarter. Daniels&Tansey LLP now owns 3,798 shares of the iPhone maker’s stock worth $537,000 after acquiring an additional 250 shares in the last quarter. Vantage Financial Partners Ltd. Inc. grew its holdings in Apple by 231.1% during the 3rd quarter. Vantage Financial Partners Ltd. Inc. now owns 12,264 shares of the iPhone maker’s stock worth $1,735,000 after acquiring an additional 8,560 shares in the last quarter. Finally, Cardinal Point Wealth Management LLC grew its holdings in Apple by 15.9% during the 3rd quarter. Cardinal Point Wealth Management LLC now owns 17,753 shares of the iPhone maker’s stock worth $2,512,000 after acquiring an additional 2,433 shares in the last quarter. 56.49% of the stock is currently owned by institutional investors.

Several research analysts have issued reports on AAPL shares. Piper Sandler increased their target price on shares of Apple from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday. Credit Suisse Group began coverage on shares of Apple in a report on Friday, October 29th. They set a “neutral” rating and a $150.00 target price on the stock. Fundamental Research raised their price target on shares of Apple from $163.99 to $164.79 and gave the company a “buy” rating in a report on Tuesday, November 23rd. JPMorgan Chase & Co. set a $210.00 price target on shares of Apple and gave the company an “overweight” rating in a report on Tuesday, December 14th. Finally, KeyCorp began coverage on shares of Apple in a report on Monday, December 6th. They issued an “overweight” rating and a $191.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $176.74.

AAPL opened at $173.07 on Friday. Apple Inc. has a 12-month low of $116.21 and a 12-month high of $182.94. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $2.83 trillion, a PE ratio of 30.80, a P/E/G ratio of 2.37 and a beta of 1.20. The firm has a 50 day moving average of $167.84 and a two-hundred day moving average of $154.11.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Wednesday, October 27th. The iPhone maker reported $1.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.24. The company had revenue of $83.40 billion during the quarter, compared to analyst estimates of $84.94 billion. Apple had a net margin of 25.88% and a return on equity of 144.13%. Apple’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period last year, the firm posted $0.73 EPS. As a group, analysts predict that Apple Inc. will post 5.82 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 11th. Stockholders of record on Monday, November 8th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Friday, November 5th. Apple’s dividend payout ratio (DPR) is 15.66%.

In related news, SVP Deirdre O’brien sold 18,247 shares of the business’s stock in a transaction on Monday, October 18th. The shares were sold at an average price of $146.35, for a total value of $2,670,448.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chris Kondo sold 9,005 shares of the business’s stock in a transaction 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. Over the last ninety days, insiders have sold 218,081 shares of company stock valued at $32,383,704. Insiders own 0.06% of the company’s stock.

Apple Company 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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