RTD Financial Advisors Inc. boosted its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 18.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,007 shares of the iPhone maker’s stock after buying an additional 1,891 shares during the period. RTD Financial Advisors Inc.’s holdings in Apple were worth $2,329,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in AAPL. IFM Investors Pty Ltd raised its position in shares of Apple by 20.0% during the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after buying an additional 435,891 shares in the last quarter. Ironwood Wealth Management LLC. raised its holdings in Apple by 0.4% during the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after buying an additional 1,040 shares during the period. Markel Corp lifted its position in Apple by 0.7% in the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after buying an additional 8,450 shares during the last quarter. Camden Capital LLC boosted its stake in Apple by 9.2% during the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock worth $27,305,000 after buying an additional 13,200 shares during the period. Finally, Harbor Island Capital LLC increased its position in Apple by 0.3% during the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 58.51% of the company’s stock.
Apple Stock Performance
Shares of NASDAQ AAPL opened at $170.69 on Friday. The stock has a market cap of $2.67 trillion, a price-to-earnings ratio of 28.69, a PEG ratio of 2.51 and a beta of 1.27. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $198.23. The company has a 50 day simple moving average of $181.63 and a two-hundred day simple moving average of $176.78. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.63.
Apple Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Friday, August 11th. Apple’s dividend payout ratio (DPR) is 16.13%.
Insider Activity at Apple
In other news, SVP Deirdre O’brien sold 15,419 shares of Apple stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 136,445 shares of the company’s stock, valued at approximately $24,363,619.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.06% of the stock is owned by company insiders.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. Morgan Stanley restated an “overweight” rating and issued a $215.00 target price on shares of Apple in a report on Monday. Barclays restated an “equal weight” rating and set a $167.00 target price on shares of Apple in a research report on Tuesday, September 19th. Tigress Financial increased their price target on Apple from $210.00 to $225.00 in a report on Friday, June 23rd. Sanford C. Bernstein lifted their target price on Apple from $175.00 to $195.00 and gave the stock a “market perform” rating in a research report on Thursday, July 27th. Finally, KeyCorp reiterated an “overweight” rating and issued a $200.00 price target on shares of Apple in a report on Thursday, September 14th. Ten analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average price target of $199.41.
Read Our Latest Report on Apple
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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