Oxinas Partners Wealth Management LLC Acquires 12,753 Shares of Apple Inc. (NASDAQ:AAPL)

Posted by Defense World Staff on Oct 3rd, 2023

Oxinas Partners Wealth Management LLC raised its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 43.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,246 shares of the iPhone maker’s stock after buying an additional 12,753 shares during the period. Apple comprises about 5.4% of Oxinas Partners Wealth Management LLC’s holdings, making the stock its largest position. Oxinas Partners Wealth Management LLC’s holdings in Apple were worth $8,194,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ilmarinen Mutual Pension Insurance Co grew its holdings in shares of Apple by 8.3% during the first quarter. Ilmarinen Mutual Pension Insurance Co now owns 785,000 shares of the iPhone maker’s stock worth $129,447,000 after purchasing an additional 60,000 shares during the last quarter. Arista Wealth Management LLC grew its holdings in shares of Apple by 1.0% during the first quarter. Arista Wealth Management LLC now owns 26,680 shares of the iPhone maker’s stock worth $4,399,000 after purchasing an additional 261 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Apple by 2.3% during the first quarter. Thrivent Financial for Lutherans now owns 3,919,534 shares of the iPhone maker’s stock worth $646,332,000 after purchasing an additional 89,615 shares during the last quarter. My Personal CFO LLC grew its holdings in shares of Apple by 4.1% during the second quarter. My Personal CFO LLC now owns 26,276 shares of the iPhone maker’s stock worth $5,097,000 after purchasing an additional 1,047 shares during the last quarter. Finally, New England Research & Management Inc. grew its holdings in shares of Apple by 3.3% during the second quarter. New England Research & Management Inc. now owns 29,606 shares of the iPhone maker’s stock worth $5,743,000 after purchasing an additional 949 shares during the last quarter. 58.51% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

AAPL stock opened at $173.75 on Tuesday. The firm has a 50 day moving average of $180.84 and a 200-day moving average of $177.39. Apple Inc. has a 12-month low of $124.17 and a 12-month high of $198.23. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.63. The company has a market cap of $2.72 trillion, a price-to-earnings ratio of 29.20, a PEG ratio of 2.50 and a beta of 1.28.

Apple (NASDAQ:AAPL – Get Free Report) last posted 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. Apple had a net margin of 24.68% and a return on equity of 164.92%. The company had revenue of $81.80 billion during the quarter, compared to the consensus estimate of $81.79 billion. During the same period last year, the firm earned $1.20 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities analysts expect that Apple Inc. will post 6.05 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were given 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 dividend payout ratio is currently 16.13%.

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 15,419 shares of Apple stock in a transaction that occurred 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 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 the SEC website. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AAPL shares. UBS Group reaffirmed a “neutral” rating and set a $190.00 price objective on shares of Apple in a report on Wednesday, September 27th. DA Davidson lowered Apple from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $193.00 to $185.00 in a report on Monday, June 5th. Piper Jaffray Companies raised their price target on Apple from $180.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, July 31st. 58.com reissued a “maintains” rating on shares of Apple in a report on Monday, June 5th. Finally, Piper Sandler raised their price target on Apple from $180.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, July 31st. Nine analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $200.54.

View Our Latest Research Report on AAPL

About Apple

(Free Report)

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.