Capital Advisors Wealth Management LLC grew its position in Apple Inc. (NASDAQ:AAPL – Get Rating) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,321 shares of the iPhone maker’s stock after purchasing an additional 436 shares during the period. Apple comprises about 2.2% of Capital Advisors Wealth Management LLC’s portfolio, making the stock its 12th largest position. Capital Advisors Wealth Management LLC’s holdings in Apple were worth $7,215,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Qube Research & Technologies Ltd grew its stake in Apple by 145.8% in the 4th quarter. Qube Research & Technologies Ltd now owns 643,206 shares of the iPhone maker’s stock valued at $114,214,000 after purchasing an additional 381,507 shares during the period. Corundum Group Inc. grew its position in Apple by 10.1% during the fourth quarter. Corundum Group Inc. now owns 16,752 shares of the iPhone maker’s stock valued at $2,975,000 after buying an additional 1,536 shares during the period. Karpas Strategies LLC increased its holdings in Apple by 110.5% during the fourth quarter. Karpas Strategies LLC now owns 8,630 shares of the iPhone maker’s stock worth $1,532,000 after buying an additional 4,530 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in Apple by 373.5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 317,712 shares of the iPhone maker’s stock worth $56,438,000 after acquiring an additional 250,617 shares during the period. Finally, Pinnacle Private Wealth LLC purchased a new position in Apple in the fourth quarter valued at about $51,792,000. 57.72% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, CFO Luca Maestri sold 96,735 shares of Apple stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total value of $16,923,788.25. Following the transaction, the chief financial officer now owns 110,673 shares in the company, valued at $19,362,241.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the transaction, the chief financial officer now directly owns 110,673 shares in the company, valued at approximately $19,362,241.35. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the completion of the sale, the senior vice president now owns 427,334 shares of the company’s stock, valued at approximately $70,411,823.18. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.
Analysts Set New Price Targets
AAPL has been the topic of a number of research reports. Itaú Unibanco began coverage on shares of Apple in a report on Tuesday, July 26th. They issued an “underperform” rating and a $136.00 price target on the stock. Itau BBA Securities started coverage on Apple in a research note on Tuesday, July 26th. They set an “underperform” rating and a $136.00 price target for the company. Rosenblatt Securities decreased their price objective on Apple from $168.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, July 29th. KeyCorp upped their price objective on shares of Apple from $177.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, August 19th. Finally, Wedbush lifted their target price on shares of Apple from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.00.
Apple Price Performance
Shares of Apple stock opened at $155.81 on Friday. The firm has a market capitalization of $2.50 trillion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 2.09 and a beta of 1.23. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.63. Apple Inc. has a 12 month low of $129.04 and a 12 month high of $182.94. The business’s 50-day moving average price is $156.11 and its 200-day moving average price is $157.00.
Apple (NASDAQ:AAPL – Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.06. The business had revenue of $82.96 billion for the quarter, compared to analysts’ expectations of $82.97 billion. Apple had a net margin of 25.71% and a return on equity of 152.97%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the business earned $1.30 earnings per share. Sell-side analysts forecast that Apple Inc. will post 6.1 EPS for the current fiscal year.
Apple Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Shareholders of record on Monday, August 8th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Friday, August 5th. Apple’s dividend payout ratio is presently 15.18%.
Apple Company Profile
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.
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