Financial Advisory Service Inc. lifted its holdings in Apple Inc. (NASDAQ:AAPL – Get Rating) by 5.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 125,631 shares of the iPhone maker’s stock after buying an additional 6,900 shares during the quarter. Apple comprises approximately 1.8% of Financial Advisory Service Inc.’s portfolio, making the stock its 10th largest holding. Financial Advisory Service Inc.’s holdings in Apple were worth $17,176,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of Apple by 8.3% in the first quarter. EverSource Wealth Advisors LLC now owns 74,619 shares of the iPhone maker’s stock worth $13,029,000 after acquiring an additional 5,703 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Apple during the 1st quarter valued at $171,000. Emerald Advisors LLC grew its holdings in Apple by 2.4% during the 2nd quarter. Emerald Advisors LLC now owns 19,905 shares of the iPhone maker’s stock valued at $2,721,000 after purchasing an additional 465 shares in the last quarter. Chico Wealth RIA acquired a new stake in Apple during the 1st quarter valued at $7,794,000. Finally, Sageworth Trust Co grew its holdings in Apple by 150.3% during the 2nd quarter. Sageworth Trust Co now owns 5,798 shares of the iPhone maker’s stock valued at $793,000 after purchasing an additional 3,482 shares in the last quarter. Institutional investors and hedge funds own 57.72% of the company’s stock.
Apple Stock Up 0.4 %
Apple stock opened at $151.29 on Friday. The stock has a market cap of $2.41 trillion, a price-to-earnings ratio of 24.76, a PEG ratio of 1.93 and a beta of 1.25. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95. The company’s 50-day moving average price is $147.08 and its two-hundred day moving average price is $149.88. Apple Inc. has a 52 week low of $129.04 and a 52 week high of $182.94.
Apple Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were paid a $0.23 dividend. The ex-dividend date was Friday, November 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.61%. Apple’s dividend payout ratio is currently 15.06%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on AAPL shares. KeyCorp reaffirmed a “buy” rating and set a $175.00 price target on shares of Apple in a report on Tuesday, November 8th. UBS Group set a $180.00 price target on shares of Apple in a report on Wednesday. Monness Crespi & Hardt assumed coverage on shares of Apple in a report on Thursday, September 8th. They set a “buy” rating and a $174.00 price target for the company. Credit Suisse Group set a $184.00 price objective on shares of Apple in a research note on Thursday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $170.00 price objective on shares of Apple in a research note on Tuesday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.26.
Insider Transactions at Apple
In other news, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $17,259,454.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Apple news, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the completion of the sale, the chief financial officer now directly owns 110,673 shares in the company, valued at $17,259,454.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 8,053 shares of Apple stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the completion of the sale, the senior vice president now owns 136,290 shares of the company’s stock, valued at $19,414,510.50. The disclosure for this sale can be found here. Insiders have sold a total of 360,651 shares of company stock valued at $53,703,645 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.
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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