Franklin Street Advisors Inc. NC increased its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 0.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 418,615 shares of the iPhone maker’s stock after purchasing an additional 772 shares during the period. Apple accounts for about 6.9% of Franklin Street Advisors Inc. NC’s holdings, making the stock its biggest holding. Franklin Street Advisors Inc. NC’s holdings in Apple were worth $81,199,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the stock. Ilmarinen Mutual Pension Insurance Co boosted its stake in shares of Apple by 8.3% in 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 purchasing an additional 60,000 shares during the period. Arista Wealth Management LLC boosted its stake in shares of Apple by 1.0% in the first 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 boosted its stake in shares of Apple by 2.3% in the first 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. My Personal CFO LLC boosted its stake in shares of Apple by 4.1% in the second 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. Finally, New England Research & Management Inc. boosted its stake in shares of Apple by 3.3% in the second 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 period. 58.51% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Apple
In related news, SVP Deirdre O’brien sold 15,419 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $178.56, for a total value of $2,753,216.64. Following the sale, the senior vice president now directly owns 136,445 shares of the company’s stock, valued at approximately $24,363,619.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on Apple
Apple Stock Up 0.3 %
Shares of Apple stock opened at $171.21 on Friday. The firm has a fifty day moving average of $181.22 and a two-hundred day moving average of $177.10. 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 company has a market cap of $2.68 trillion, a P/E ratio of 28.77, a PEG ratio of 2.49 and a beta of 1.27. Apple Inc. has a one year low of $124.17 and a one year high of $198.23.
Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings results on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The business had revenue of $81.80 billion during the quarter, compared to the consensus estimate of $81.79 billion. Apple had a net margin of 24.68% and a return on equity of 164.92%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 EPS. On average, analysts forecast that Apple Inc. will post 6.05 earnings per share for the current year.
Apple Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.96 dividend on an annualized basis and a yield of 0.56%. Apple’s payout ratio is 16.13%.
Apple Company 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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