Affiance Financial LLC lifted its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 0.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,137 shares of the iPhone maker’s stock after purchasing an additional 98 shares during the period. Apple accounts for approximately 4.8% of Affiance Financial LLC’s holdings, making the stock its 6th largest position. Affiance Financial LLC’s holdings in Apple were worth $9,919,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ilmarinen Mutual Pension Insurance Co boosted its holdings in Apple by 8.3% in the 1st quarter. Ilmarinen Mutual Pension Insurance Co now owns 785,000 shares of the iPhone maker’s stock worth $129,447,000 after buying an additional 60,000 shares during the period. Starfox Financial Services LLC boosted its holdings in Apple by 21.5% in the 4th quarter. Starfox Financial Services LLC now owns 1,900 shares of the iPhone maker’s stock worth $247,000 after buying an additional 336 shares during the period. Arista Wealth Management LLC boosted its holdings in shares of Apple by 1.0% during the 1st quarter. Arista Wealth Management LLC now owns 26,680 shares of the iPhone maker’s stock valued at $4,399,000 after purchasing an additional 261 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Apple by 2.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 3,919,534 shares of the iPhone maker’s stock valued at $646,332,000 after purchasing an additional 89,615 shares during the last quarter. Finally, New England Research & Management Inc. boosted its holdings in shares of Apple by 3.3% during the 2nd quarter. New England Research & Management Inc. now owns 29,606 shares of the iPhone maker’s stock valued at $5,743,000 after purchasing an additional 949 shares during the last quarter. 58.51% of the stock is currently owned by hedge funds and other institutional investors.
Apple Price Performance
NASDAQ AAPL opened at $174.79 on Friday. The company has a market cap of $2.73 trillion, a PE ratio of 29.38, a P/E/G ratio of 2.53 and a beta of 1.27. Apple Inc. has a 52-week low of $124.17 and a 52-week high of $198.23. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.92 and a current ratio of 0.98. The firm’s 50 day moving average price is $183.37 and its 200-day moving average price is $176.19.
Apple Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 14th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, August 11th. This represents a $0.96 annualized dividend and a dividend yield of 0.55%. Apple’s payout ratio is currently 16.13%.
Insider Transactions at Apple
In other news, SVP Deirdre O’brien sold 15,419 shares of Apple stock in a transaction on Monday, August 7th. The shares were sold at an average price of $178.56, for a total transaction of $2,753,216.64. Following the completion of the sale, the senior vice president now directly owns 136,445 shares in the company, valued at $24,363,619.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.06% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have commented on AAPL. Oppenheimer increased their price objective on shares of Apple from $195.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, August 4th. DA Davidson cut shares of Apple from a “buy” rating to a “neutral” rating and decreased their target price for the company from $193.00 to $185.00 in a research report on Monday, June 5th. Sanford C. Bernstein upped their target price on shares of Apple from $175.00 to $195.00 and gave the company a “market perform” rating in a research report on Thursday, July 27th. Credit Suisse Group restated an “outperform” rating and set a $220.00 target price on shares of Apple in a research report on Friday, September 15th. Finally, Wells Fargo & Company upped their target price on shares of Apple from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, July 24th. Ten research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $199.41.
Check Out Our Latest Research Report on AAPL
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.
Read More
- Five stocks we like better than Apple
- What is Insider Trading? What You Can Learn from Insider Trading
- 3 Reasons This Sleeping Giant Is About To Wake Up
- Investing in Commodities: What Are They? How to Invest in Them
- MarketBeat Week in Review – 9/18 – 9/22
- How to Invest in Communication Stocks
- 52-week Low Names To Tip The Upside Scale In Your Favor
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL – Free Report).
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.
