Simplicity Wealth LLC Acquires 559 Shares of Apple Inc. (NASDAQ:AAPL)

Simplicity Wealth LLC increased its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 9.7% during the 1st quarter, Holdings Channel reports. The firm owned 6,340 shares of the iPhone maker’s stock after buying an additional 559 shares during the period. Apple makes up approximately 1.1% of Simplicity Wealth LLC’s investment portfolio, making the stock its 26th biggest position. Simplicity Wealth LLC’s holdings in Apple were worth $1,107,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Donald L. Hagan LLC raised its position in Apple by 0.3% in the 1st quarter. Donald L. Hagan LLC now owns 18,220 shares of the iPhone maker’s stock valued at $3,181,000 after purchasing an additional 61 shares during the last quarter. Goodwin Daniel L raised its position in Apple by 0.5% in the 1st quarter. Goodwin Daniel L now owns 12,761 shares of the iPhone maker’s stock valued at $2,230,000 after purchasing an additional 62 shares during the last quarter. Opus Capital Group LLC raised its position in Apple by 0.3% in the 1st quarter. Opus Capital Group LLC now owns 19,081 shares of the iPhone maker’s stock valued at $3,332,000 after purchasing an additional 63 shares during the last quarter. Norwood Financial Corp raised its position in Apple by 0.9% in the 1st quarter. Norwood Financial Corp now owns 7,025 shares of the iPhone maker’s stock valued at $1,227,000 after purchasing an additional 65 shares during the last quarter. Finally, Investors Research Corp raised its position in Apple by 0.4% during the 1st quarter. Investors Research Corp now owns 16,117 shares of the iPhone maker’s stock worth $2,814,000 after buying an additional 66 shares during the last quarter. 57.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of analyst reports. Sanford C. Bernstein set a $170.00 price objective on shares of Apple in a research report on Monday. Rosenblatt Securities cut their price objective on shares of Apple from $168.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, July 29th. JPMorgan Chase & Co. set a $200.00 price objective on shares of Apple in a research report on Monday. Fundamental Research set a $177.07 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Thursday, August 4th. Finally, Oppenheimer restated an “outperform” rating and set a $190.00 price objective on shares of Apple in a research report on Wednesday, June 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $181.52.

Insiders Place Their Bets

In other Apple news, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the sale, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at approximately $19,362,241.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 shares were sold at an average price of $174.95, for a total value of $16,923,788.25. Following the sale, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the completion of the sale, the senior vice president now directly owns 427,334 shares in the company, valued at $70,411,823.18. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

Apple Price Performance

Apple stock opened at $155.31 on Thursday. Apple Inc. has a 12-month low of $129.04 and a 12-month high of $182.94. The stock has a market capitalization of $2.50 trillion, a P/E ratio of 25.63, a P/E/G ratio of 2.03 and a beta of 1.23. The firm’s 50-day moving average is $159.21 and its two-hundred day moving average is $156.27. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.86 and a quick ratio of 0.82.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.06. Apple had a net margin of 25.71% and a return on equity of 152.97%. The company had revenue of $82.96 billion for the quarter, compared to analysts’ expectations of $82.97 billion. During the same period last year, the company earned $1.30 EPS. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities analysts predict that Apple Inc. will post 6.11 earnings per share for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Shareholders of record on Monday, August 8th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 0.59%. Apple’s dividend payout ratio is currently 15.18%.

Apple Company Profile

(Get Rating)

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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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