BMS Financial Advisors LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,749 shares of the iPhone maker’s stock after buying an additional 214 shares during the period. Apple comprises about 0.5% of BMS Financial Advisors LLC’s investment portfolio, making the stock its 28th largest holding. BMS Financial Advisors LLC’s holdings in Apple were worth $786,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of AAPL. Norges Bank acquired a new position in shares of Apple during the fourth quarter worth about $25,228,507,000. Aaron Wealth Advisors LLC boosted its position in shares of Apple by 30,391.8% during the first quarter. Aaron Wealth Advisors LLC now owns 26,075,085 shares of the iPhone maker’s stock worth $149,333,000 after buying an additional 25,989,570 shares during the period. State Street Corp boosted its position in shares of Apple by 1.8% during the fourth quarter. State Street Corp now owns 633,115,246 shares of the iPhone maker’s stock worth $112,422,274,000 after buying an additional 10,951,705 shares during the period. Capital Research Global Investors boosted its position in Apple by 31.7% during the first quarter. Capital Research Global Investors now owns 38,903,911 shares of the iPhone maker’s stock valued at $6,793,041,000 after purchasing an additional 9,354,484 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Apple by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after purchasing an additional 8,734,393 shares during the last quarter. 57.72% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on AAPL shares. Monness Crespi & Hardt started coverage on Apple in a research report on Thursday, September 8th. They set a “buy” rating and a $174.00 price target for the company. set a $175.00 price target on Apple in a research report on Friday, July 29th. Barclays set a $169.00 price target on Apple in a research report on Wednesday, September 14th. Wedbush increased their price target on Apple from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, August 17th. Finally, Rosenblatt Securities reduced their price target on Apple from $168.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, July 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.68.
Insiders Place Their Bets
Apple Price Performance
Apple stock opened at $152.74 on Friday. The stock’s fifty day moving average price is $160.31 and its two-hundred day moving average price is $155.83. Apple Inc. has a one year low of $129.04 and a one year high of $182.94. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.86 and a quick ratio of 0.82. The firm has a market cap of $2.45 trillion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 2.03 and a beta of 1.23.
Apple (NASDAQ:AAPL – Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.06. Apple had a return on equity of 152.97% and a net margin of 25.71%. The firm had revenue of $82.96 billion for the quarter, compared to analyst estimates of $82.97 billion. During the same quarter last year, the company earned $1.30 EPS. The company’s revenue was up 1.9% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 6.11 EPS for the current fiscal year.
Apple Dividend Announcement
The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.60%. Apple’s dividend payout ratio (DPR) is presently 15.18%.
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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