Perfromance Wealth Partners LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 0.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,113,346 shares of the iPhone maker’s stock after selling 27,573 shares during the period. Apple comprises about 36.2% of Perfromance Wealth Partners LLC’s portfolio, making the stock its biggest position. Perfromance Wealth Partners LLC’s holdings in Apple were worth $787,006,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Ilmarinen Mutual Pension Insurance Co grew its position in shares of Apple by 8.3% in the 1st 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 grew its position 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 buying 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 period. 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 period. Finally, My Personal CFO LLC lifted its stake in shares of Apple by 4.1% in the 2nd quarter. My Personal CFO LLC now owns 26,276 shares of the iPhone maker’s stock valued at $5,097,000 after purchasing an additional 1,047 shares during the period. Institutional investors own 58.51% of the company’s stock.
Analyst Upgrades and Downgrades
AAPL has been the topic of a number of recent analyst reports. Canaccord Genuity Group boosted their price objective on Apple from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Robert W. Baird boosted their price objective on Apple from $180.00 to $204.00 and gave the company an “outperform” rating in a research note on Tuesday, August 1st. Piper Jaffray Companies boosted their price objective on Apple from $180.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, July 31st. Raymond James boosted their price objective on Apple from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Finally, KeyCorp reissued an “overweight” rating and issued a $200.00 price objective on shares of Apple in a research note on Thursday, September 14th. Ten equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $199.41.
Insider Buying and Selling at Apple
In other Apple news, SVP Deirdre O’brien sold 15,419 shares of the stock in a transaction on Monday, August 7th. The stock was 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 $24,363,619.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.06% of the stock is owned by corporate insiders.
Apple Stock Performance
AAPL stock opened at $171.21 on Friday. The firm has a market cap of $2.68 trillion, a PE ratio of 28.77, a P/E/G ratio of 2.48 and a beta of 1.27. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.63. The business has a 50 day moving average of $181.22 and a 200-day moving average of $176.93. Apple Inc. has a 12-month low of $124.17 and a 12-month high of $198.23.
Apple (NASDAQ:AAPL – Get Free Report) last released its earnings results on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.07. Apple had a return on equity of 164.92% and a net margin of 24.68%. The company had revenue of $81.80 billion during the quarter, compared to analyst estimates of $81.79 billion. During the same period in the prior year, the company posted $1.20 earnings per share. Apple’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, sell-side analysts expect that Apple Inc. will post 6.05 earnings per share for the current year.
Apple Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders 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%.
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.
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