Nikulski Financial Inc. Buys 157 Shares of Apple Inc. (NASDAQ:AAPL)

Nikulski Financial Inc. grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,835 shares of the iPhone maker’s stock after purchasing an additional 157 shares during the quarter. Apple accounts for 5.6% of Nikulski Financial Inc.’s investment portfolio, making the stock its 2nd biggest position. Nikulski Financial Inc.’s holdings in Apple were worth $12,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of AAPL. Daniels&Tansey LLP increased its position in shares of Apple by 7.0% during the third quarter. Daniels&Tansey LLP now owns 3,798 shares of the iPhone maker’s stock worth $537,000 after acquiring an additional 250 shares during the last quarter. Vantage Financial Partners Ltd. Inc. increased its holdings in Apple by 231.1% in the third quarter. Vantage Financial Partners Ltd. Inc. now owns 12,264 shares of the iPhone maker’s stock valued at $1,735,000 after buying an additional 8,560 shares during the last quarter. Cardinal Point Wealth Management LLC increased its holdings in Apple by 15.9% in the third quarter. Cardinal Point Wealth Management LLC now owns 17,753 shares of the iPhone maker’s stock valued at $2,512,000 after buying an additional 2,433 shares during the last quarter. Summit Place Financial Advisors LLC increased its holdings in Apple by 2.1% in the third quarter. Summit Place Financial Advisors LLC now owns 33,696 shares of the iPhone maker’s stock valued at $4,768,000 after buying an additional 692 shares during the last quarter. Finally, O Shares Investment Advisers LLC increased its holdings in Apple by 3.0% in the third quarter. O Shares Investment Advisers LLC now owns 161,385 shares of the iPhone maker’s stock valued at $22,836,000 after buying an additional 4,724 shares during the last quarter. Institutional investors own 56.49% of the company’s stock.

In other Apple 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 transaction of $2,670,448.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Luca Maestri sold 165,829 shares of the business’s stock in a transaction on Tuesday, October 19th. The shares were sold at an average price of $148.62, for a total transaction of $24,645,505.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 218,081 shares of company stock worth $32,383,704. Company insiders own 0.06% of the company’s stock.

Shares of NASDAQ:AAPL opened at $173.07 on Friday. Apple Inc. has a one year low of $116.21 and a one year high of $182.94. The stock has a fifty day moving average of $167.84 and a 200-day moving average of $154.11. The company has a market capitalization of $2.83 trillion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.02 and a current ratio of 1.07.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Wednesday, October 27th. The iPhone maker reported $1.24 EPS for the quarter, meeting analysts’ consensus estimates of $1.24. Apple had a return on equity of 144.13% and a net margin of 25.88%. The company had revenue of $83.40 billion during the quarter, compared to the consensus estimate of $84.94 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. As a group, research analysts forecast 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. Shareholders of record on Monday, November 8th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Friday, November 5th. Apple’s dividend payout ratio (DPR) is currently 15.66%.

Several equities analysts have recently commented on AAPL shares. Piper Sandler upped their target price on Apple from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Friday. Robert W. Baird reaffirmed a “buy” rating and set a $169.00 target price on shares of Apple in a report on Friday, October 29th. Morgan Stanley upped their target price on Apple from $164.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, December 7th. Evercore ISI raised Apple to a “top pick” rating and upped their target price for the company from $180.00 to $200.00 in a report on Tuesday, December 14th. Finally, Tigress Financial upped their target price on Apple from $182.00 to $198.00 and gave the company a “strong-buy” rating in a report on Wednesday, September 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $176.74.

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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