United Asset Strategies Inc. Purchases 3,128 Shares of Apple Inc. $AAPL

United Asset Strategies Inc. grew its position in Apple Inc. (NASDAQ:AAPLFree Report) by 1.4% in the third quarter, HoldingsChannel reports. The fund owned 228,650 shares of the iPhone maker’s stock after acquiring an additional 3,128 shares during the quarter. Apple accounts for about 4.7% of United Asset Strategies Inc.’s portfolio, making the stock its 2nd largest position. United Asset Strategies Inc.’s holdings in Apple were worth $58,221,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AAPL. Norges Bank acquired a new stake in Apple in the 2nd quarter worth about $38,942,255,000. Nuveen LLC acquired a new stake in shares of Apple in the first quarter worth approximately $17,472,482,000. PKS Advisory Services LLC increased its position in shares of Apple by 98,917.0% during the second quarter. PKS Advisory Services LLC now owns 57,956,620 shares of the iPhone maker’s stock worth $12,106,000 after purchasing an additional 57,898,088 shares in the last quarter. Laurel Wealth Advisors LLC raised its stake in Apple by 20,464.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker’s stock valued at $5,553,753,000 after purchasing an additional 26,937,401 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Apple by 13.3% in the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after purchasing an additional 20,079,472 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AAPL shares. Barclays increased their target price 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. Argus set a $325.00 target price on shares of Apple and gave the stock a “buy” rating in a research note on Friday, October 31st. UBS Group restated a “neutral” rating on shares of Apple in a report on Tuesday, January 6th. Raymond James Financial reaffirmed a “market perform” rating on shares of Apple in a report on Friday, January 2nd. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Apple in a research note on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $282.80.

Get Our Latest Analysis on Apple

Apple Trading Down 0.7%

NASDAQ AAPL opened at $256.44 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.89 and a quick ratio of 0.86. The stock has a market capitalization of $3.77 trillion, a P/E ratio of 34.33, a PEG ratio of 2.40 and a beta of 1.09. The firm’s 50-day moving average is $268.78 and its two-hundred day moving average is $251.02. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $288.62.

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

Trending Headlines about Apple

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Insider Activity at Apple

In other news, insider Chris Kondo sold 3,752 shares of Apple stock in a transaction on Friday, November 7th. The stock was sold at an average price of $271.23, for a total value of $1,017,654.96. Following the completion of the sale, the insider directly owned 15,098 shares of the company’s stock, valued at approximately $4,095,030.54. The trade was a 19.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

Apple 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

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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