180 Wealth Advisors LLC lessened its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 104,496 shares of the iPhone maker’s stock after selling 2,240 shares during the quarter. Apple accounts for 4.4% of 180 Wealth Advisors LLC’s portfolio, making the stock its 2nd biggest holding. 180 Wealth Advisors LLC’s holdings in Apple were worth $20,111,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Ilmarinen Mutual Pension Insurance Co boosted its stake in Apple by 8.3% during the first quarter. Ilmarinen Mutual Pension Insurance Co now owns 785,000 shares of the iPhone maker’s stock valued at $129,447,000 after buying an additional 60,000 shares during the last quarter. Starfox Financial Services LLC lifted its stake in shares of Apple by 21.5% in the 4th quarter. Starfox Financial Services LLC now owns 1,900 shares of the iPhone maker’s stock valued at $247,000 after purchasing an additional 336 shares during the last quarter. Arista Wealth Management LLC lifted its stake in shares of Apple by 1.0% in 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 lifted its stake in shares of Apple by 2.3% in 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. lifted its stake in shares of Apple by 3.3% in 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. Hedge funds and other institutional investors own 58.51% of the company’s stock.
Apple Price Performance
AAPL stock opened at $174.79 on Friday. Apple Inc. has a 1 year low of $124.17 and a 1 year 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 stock’s 50 day moving average price is $183.37 and its 200 day moving average price is $176.19. The firm has a market cap of $2.73 trillion, a P/E ratio of 29.38, a PEG ratio of 2.53 and a beta of 1.27.
Apple Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.96 annualized dividend and a yield of 0.55%. Apple’s dividend payout ratio (DPR) is presently 16.13%.
Wall Street Analyst Weigh In
AAPL has been the subject of a number of research analyst reports. UBS Group lowered Apple from a “buy” rating to a “neutral” rating and raised their price target for the stock from $180.00 to $190.00 in a research note on Monday, June 12th. Rosenblatt Securities reissued a “neutral” rating and issued a $198.00 price objective on shares of Apple in a research report on Tuesday, September 12th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Apple in a research report on Thursday. Canaccord Genuity Group boosted their price objective on Apple from $185.00 to $205.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Bank of America reissued a “neutral” rating and issued a $208.00 price objective on shares of Apple in a report on Friday. Ten analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $199.41.
View Our Latest Report on Apple
Insider Buying and Selling at Apple
In other Apple news, SVP Deirdre O’brien sold 15,419 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $178.56, for a total value of $2,753,216.64. Following the completion of the transaction, the senior vice president now directly owns 136,445 shares in the company, valued at approximately $24,363,619.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is currently owned by insiders.
About Apple
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.
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