FRG Family Wealth Advisors LLC Has $14.69 Million Position in Apple Inc. (NASDAQ:AAPL)

FRG Family Wealth Advisors LLC reduced its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,425 shares of the iPhone maker’s stock after selling 572 shares during the quarter. Apple comprises about 3.4% of FRG Family Wealth Advisors LLC’s portfolio, making the stock its 6th biggest position. FRG Family Wealth Advisors LLC’s holdings in Apple were worth $14,687,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AAPL. Norges Bank purchased a new position in Apple during the 4th quarter worth $25,228,507,000. Aaron Wealth Advisors LLC increased its holdings in shares of Apple by 30,391.8% in the 1st quarter. Aaron Wealth Advisors LLC now owns 26,075,085 shares of the iPhone maker’s stock valued at $149,333,000 after acquiring an additional 25,989,570 shares during the period. State Street Corp increased its holdings in shares of Apple by 1.8% in the 4th quarter. State Street Corp now owns 633,115,246 shares of the iPhone maker’s stock valued at $112,422,274,000 after acquiring an additional 10,951,705 shares during the period. Capital Research Global Investors increased its holdings in shares of Apple by 31.7% in the 1st quarter. Capital Research Global Investors now owns 38,903,911 shares of the iPhone maker’s stock valued at $6,793,041,000 after acquiring an additional 9,354,484 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Apple by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after acquiring an additional 8,734,393 shares during the period. 57.72% of the stock is currently owned by hedge funds and other institutional investors.

Apple Price Performance

Shares of Apple stock opened at $152.74 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 1.63. Apple Inc. has a twelve month low of $129.04 and a twelve month high of $182.94. The business has a 50-day moving average price of $160.31 and a 200 day moving average price of $155.83. The firm has a market cap of $2.45 trillion, a PE ratio of 25.20, a P/E/G ratio of 2.03 and a beta of 1.23.

Apple (NASDAQ:AAPLGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $82.97 billion. During the same period in the previous year, the business earned $1.30 EPS. Apple’s quarterly revenue was up 1.9% on a year-over-year basis. Sell-side analysts predict that Apple Inc. will post 6.11 earnings per share for the current fiscal year.

Apple Announces Dividend

The company 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 of this dividend was Friday, August 5th. This represents a $0.92 annualized dividend and a yield of 0.60%. Apple’s dividend payout ratio (DPR) is currently 15.18%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AAPL shares. JPMorgan Chase & Co. set a $200.00 price target on Apple in a report on Monday, September 12th. KeyCorp raised their price objective on Apple from $177.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, August 19th. Itaú Unibanco assumed coverage on Apple in a research report on Tuesday, July 26th. They issued an “underperform” rating and a $136.00 price objective for the company. Itau BBA Securities assumed coverage on Apple in a research report on Tuesday, July 26th. They issued an “underperform” rating and a $136.00 price objective for the company. Finally, UBS Group set a $185.00 price objective on Apple in a research report on Wednesday, September 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average target price of $181.68.

Insiders Place Their Bets

In other Apple news, CFO Luca Maestri sold 96,735 shares of the business’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 completion of the sale, 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 document filed with the SEC, which is available through this link. In other news, SVP Katherine L. Adams sold 25,000 shares of the company’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 value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Luca Maestri sold 96,735 shares of the company’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 completion of the sale, the chief financial officer now owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The disclosure for this sale can be found here. 0.06% of the stock is owned by company insiders.

Apple Profile

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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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