FDx Advisors Inc. Has $15.12 Million Stake in Apple Inc. (NASDAQ:AAPL)

FDx Advisors Inc. boosted its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 483.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 110,584 shares of the iPhone maker’s stock after buying an additional 91,638 shares during the quarter. FDx Advisors Inc.’s holdings in Apple were worth $15,119,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AAPL. Aaron Wealth Advisors LLC raised its position in 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 buying an additional 25,989,570 shares during the last quarter. Capital Research Global Investors grew its stake in Apple by 31.7% in 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 in the last quarter. Vanguard Group Inc. grew its stake in Apple by 0.7% in 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 in the last quarter. Swiss National Bank grew its stake in Apple by 13.1% in the first quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock valued at $12,407,910,000 after purchasing an additional 8,230,300 shares in the last quarter. Finally, CFS Investment Advisory Services LLC grew its stake in Apple by 18,263.5% in the first quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock valued at $47,000 after purchasing an additional 7,416,445 shares in the last quarter. Institutional investors and hedge funds own 57.72% of the company’s stock.

Insider Buying and Selling at Apple

In related news, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the sale, the chief financial officer now owns 110,673 shares in the company, valued at approximately $17,259,454.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Deirdre O’brien sold 8,053 shares of the company’s stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the sale, the senior vice president now owns 136,290 shares in the company, valued at approximately $19,414,510.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 110,673 shares in the company, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 360,651 shares of company stock worth $53,703,645. Insiders own 0.06% of the company’s stock.

Apple Trading Up 0.4 %

NASDAQ AAPL opened at $151.29 on Monday. The business’s 50-day moving average price is $147.08 and its two-hundred day moving average price is $149.77. Apple Inc. has a 12 month low of $129.04 and a 12 month high of $182.94. The firm has a market capitalization of $2.41 trillion, a PE ratio of 24.76, a price-to-earnings-growth 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.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.02. Apple had a return on equity of 160.90% and a net margin of 25.31%. The firm had revenue of $90.15 billion for the quarter, compared to analyst estimates of $88.77 billion. During the same quarter in the previous year, the company posted $1.24 EPS. The business’s revenue was up 7.8% on a year-over-year basis. On average, analysts expect that Apple Inc. will post 6.26 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. Apple’s dividend payout ratio (DPR) is presently 15.06%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Rosenblatt Securities restated a “buy” rating and issued a $189.00 price target on shares of Apple in a research note on Tuesday, November 8th. Credit Suisse Group set a $184.00 price target on Apple in a research note on Thursday. Citigroup restated a “buy” rating and issued a $175.00 price target on shares of Apple in a research note on Tuesday, November 8th. KeyCorp reiterated a “buy” rating and set a $175.00 target price on shares of Apple in a research note on Tuesday, November 8th. Finally, Morgan Stanley reduced their target price on Apple from $177.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, November 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.26.

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.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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