Apple Inc. (NASDAQ:AAPL) is Peterson Wealth Services’ Largest Position

Peterson Wealth Services raised its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,625 shares of the iPhone maker’s stock after buying an additional 1,443 shares during the quarter. Apple comprises 7.6% of Peterson Wealth Services’ portfolio, making the stock its biggest holding. Peterson Wealth Services’ holdings in Apple were worth $10,613,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AAPL. Elk River Wealth Management LLC boosted its holdings in shares of Apple by 49.0% in the 1st quarter. Elk River Wealth Management LLC now owns 167,122 shares of the iPhone maker’s stock worth $29,181,000 after purchasing an additional 54,989 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Apple by 8.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 74,619 shares of the iPhone maker’s stock worth $13,029,000 after purchasing an additional 5,703 shares during the period. Piscataqua Savings Bank boosted its holdings in shares of Apple by 1.5% in the 1st quarter. Piscataqua Savings Bank now owns 47,546 shares of the iPhone maker’s stock worth $8,302,000 after purchasing an additional 684 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of Apple in the 1st quarter worth approximately $171,000. Finally, Chico Wealth RIA purchased a new position in shares of Apple in the 1st quarter worth approximately $7,794,000. Hedge funds and other institutional investors own 57.72% of the company’s stock.

Apple Trading Down 0.6 %

Shares of NASDAQ:AAPL opened at $152.74 on Friday. The business’s 50-day moving average is $160.31 and its 200 day moving average is $155.83. Apple Inc. has a 1 year low of $129.04 and a 1 year high of $182.94. The firm has a market capitalization of $2.45 trillion, a P/E ratio of 25.20, a P/E/G ratio of 2.03 and a beta of 1.23. 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 announced its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.06. Apple had a return on equity of 152.97% and a net margin of 25.71%. The company had revenue of $82.96 billion for the quarter, compared to analyst estimates of $82.97 billion. During the same period in the prior year, the company posted $1.30 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, research analysts predict that Apple Inc. will post 6.11 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Monday, August 8th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.60%. The ex-dividend date was Friday, August 5th. Apple’s dividend payout ratio is currently 15.18%.

Analyst Ratings Changes

A number of research firms recently issued reports on AAPL. Evercore ISI boosted their price objective on Apple from $185.00 to $190.00 and gave the company an “outperform” rating in a report on Tuesday. Fundamental Research set a $177.07 price objective on Apple and gave the company a “buy” rating in a report on Thursday, August 4th. Deutsche Bank Aktiengesellschaft set a $175.00 price objective on Apple in a report on Monday, August 1st. Rosenblatt Securities dropped 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. Finally, Monness Crespi & Hardt began coverage on Apple in a report on Thursday, September 8th. They set a “buy” rating and a $174.00 price objective for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $181.68.

Insider Activity at Apple

In related news, SVP Katherine L. Adams sold 25,000 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 427,334 shares of the company’s stock, valued at approximately $70,411,823.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Apple news, CFO Luca Maestri sold 96,735 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 110,673 shares in the company, valued at approximately $19,362,241.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 25,000 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now owns 427,334 shares in the company, 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 corporate insiders.

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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