Sweet Financial Partners LLC boosted its position in Apple Inc. (NASDAQ:AAPL – Get Rating) by 5.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,994 shares of the iPhone maker’s stock after acquiring an additional 1,281 shares during the period. Apple accounts for about 1.1% of Sweet Financial Partners LLC’s holdings, making the stock its 15th biggest position. Sweet Financial Partners LLC’s holdings in Apple were worth $3,417,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in AAPL. Aaron Wealth Advisors LLC boosted its holdings in Apple by 30,391.8% in the first quarter. Aaron Wealth Advisors LLC now owns 26,075,085 shares of the iPhone maker’s stock worth $149,333,000 after acquiring an additional 25,989,570 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Apple by 31.7% in the first quarter. Capital Research Global Investors now owns 38,903,911 shares of the iPhone maker’s stock worth $6,793,041,000 after purchasing an additional 9,354,484 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Apple by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after purchasing an additional 8,734,393 shares during the last quarter. Swiss National Bank raised its stake in shares of Apple by 13.1% in the first quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock worth $12,407,910,000 after purchasing an additional 8,230,300 shares during the last quarter. Finally, CFS Investment Advisory Services LLC raised its stake in shares of 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 worth $47,000 after purchasing an additional 7,416,445 shares during the last quarter. Institutional investors own 57.72% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. Morgan Stanley lowered their price objective on Apple from $177.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, November 8th. Robert W. Baird lowered their price objective on Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. DA Davidson lowered their price objective on Apple from $185.00 to $167.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Bank Of America (Bofa) downgraded Apple from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $189.00 to $160.00 in a research note on Friday, September 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Apple from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $176.26.
Insider Activity at Apple
Apple Price Performance
Apple stock opened at $151.29 on Monday. Apple Inc. has a one year low of $129.04 and a one year high of $182.94. The business has a fifty day moving average price of $147.08 and a 200-day moving average price of $149.77. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85. The firm has a market capitalization of $2.41 trillion, a P/E ratio of 24.76, a PEG ratio of 1.93 and a beta of 1.25.
Apple (NASDAQ:AAPL – Get Rating) last posted its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $88.77 billion. During the same period last year, the company earned $1.24 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities research analysts forecast that Apple Inc. will post 6.26 EPS for the current year.
Apple Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.61%. The ex-dividend date was Friday, November 4th. Apple’s dividend payout ratio is 15.06%.
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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