Hilltop Wealth Advisors LLC Buys 12,794 Shares of Apple Inc. $AAPL

Hilltop Wealth Advisors LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 187.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 19,630 shares of the iPhone maker’s stock after purchasing an additional 12,794 shares during the period. Apple makes up approximately 2.6% of Hilltop Wealth Advisors LLC’s holdings, making the stock its 8th biggest holding. Hilltop Wealth Advisors LLC’s holdings in Apple were worth $4,998,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Capstone Wealth Management LLC lifted its stake in shares of Apple by 0.5% in the 3rd quarter. Capstone Wealth Management LLC now owns 8,537 shares of the iPhone maker’s stock valued at $2,174,000 after purchasing an additional 42 shares in the last quarter. Baker Boyer National Bank lifted its position in Apple by 0.3% during the second quarter. Baker Boyer National Bank now owns 18,011 shares of the iPhone maker’s stock valued at $3,695,000 after buying an additional 47 shares in the last quarter. Beddow Capital Management Inc. lifted its position in Apple by 1.8% during the second quarter. Beddow Capital Management Inc. now owns 2,597 shares of the iPhone maker’s stock valued at $533,000 after buying an additional 47 shares in the last quarter. Uncommon Cents Investing LLC increased its position in shares of Apple by 0.4% in the third quarter. Uncommon Cents Investing LLC now owns 10,609 shares of the iPhone maker’s stock worth $2,701,000 after acquiring an additional 47 shares in the last quarter. Finally, Red Tortoise LLC raised its stake in shares of Apple by 0.9% in the 2nd quarter. Red Tortoise LLC now owns 5,717 shares of the iPhone maker’s stock valued at $1,173,000 after acquiring an additional 49 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Price Performance

AAPL stock opened at $260.35 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 1.06. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $288.62. The stock’s 50 day moving average is $273.30 and its two-hundred day moving average is $246.00. The company has a market capitalization of $3.85 trillion, a PE ratio of 34.85, a P/E/G ratio of 2.45 and a beta of 1.09.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, beating the consensus estimate of $1.74 by $0.11. Apple had a return on equity of 164.05% and a net margin of 26.92%.The company had revenue of $102.47 billion during the quarter, compared to analysts’ expectations of $101.65 billion. The business’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.64 EPS. Analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 10th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, November 10th. Apple’s dividend payout ratio (DPR) is currently 13.92%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AAPL shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Apple in a research report on Monday, December 29th. DA Davidson upped their target price on Apple from $250.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Monness Crespi & Hardt increased their target price on Apple from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. boosted their price target on Apple from $290.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $325.00 price objective (up previously from $300.00) on shares of Apple in a research report on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $283.92.

Insider Activity

In other news, insider Chris Kondo sold 3,752 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $271.23, for a total value of $1,017,654.96. Following the sale, the insider owned 15,098 shares in the company, valued at approximately $4,095,030.54. This represents a 19.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kevan Parekh sold 4,199 shares of the stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the transaction, the chief financial officer directly owned 8,765 shares in the company, valued at $2,168,373.35. The trade was a 32.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.06% of the stock is currently owned by insiders.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: JPMorgan set to take over the Apple Card program, ending a drawn-out, costly partnership with Goldman Sachs and removing a persistent operational/regulatory headache for Apple; transition expected to take ~24 months. This reduces execution risk around Apple’s consumer-finance offering. JPMorgan reaches deal to take over Apple credit card, WSJ reports
• Positive Sentiment: Evercore names Apple a top tech pick ahead of a key iPhone upgrade cycle, signaling analyst conviction about near-term iPhone sales and upside to hardware/services revenue. AAPL: Evercore Calls Apple Top Tech Pick Ahead of Key iPhone Cycle
• Positive Sentiment: Foxconn’s strong Q4 revenue (AI/server and device demand) is read as a bullish signal for iPhone demand, providing a supplier-confirmation boost to Apple’s hardware outlook. Gene Munster Flags Positive Signal For Nvidia And Apple As Foxconn Smashes Q4 Revenue Estimates
• Neutral Sentiment: Investor calendar item: Apple has product/feature rollouts due Jan. 12 — a potential catalyst if new features meaningfully boost services engagement, but not yet a revenue-confirming event. Dear Apple Stock Fans, Mark Your Calendars for January 12
• Negative Sentiment: Alphabet surpassed Apple in market capitalization, a headline that can pressure sentiment toward Apple by shifting index/flows and signaling competitive momentum for AI leaders outside Apple. Alphabet Surpasses Apple in Market Cap for First Time Since 2019
• Negative Sentiment: Soaring memory prices pose margin pressure for hardware makers including Apple; higher component costs could compress gross margins if not passed to customers. Apple and Dell Face Soaring Memory Prices. How the Stocks Can Handle the Threat.
• Negative Sentiment: App Store net revenue growth decelerated in December, a flag for services growth momentum that investors watch closely given services’ role in valuation. Apple App Store Net Revenue Growth Decelerates In December

Apple Company Profile

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.