Greystone Financial Group LLC Has $9.94 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Greystone Financial Group LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 2.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 72,708 shares of the iPhone maker’s stock after buying an additional 2,010 shares during the period. Apple accounts for about 3.1% of Greystone Financial Group LLC’s investment portfolio, making the stock its 2nd largest holding. Greystone Financial Group LLC’s holdings in Apple were worth $9,941,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AAPL. Aaron Wealth Advisors LLC lifted its holdings in Apple by 30,391.8% during 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 purchasing an additional 25,989,570 shares during the last quarter. Capital Research Global Investors lifted its holdings in Apple by 31.7% during 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 purchasing an additional 9,354,484 shares during the last quarter. Vanguard Group Inc. increased its position in 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 in the last quarter. Swiss National Bank increased its position in Apple by 13.1% in the 1st quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock valued at $12,407,910,000 after acquiring an additional 8,230,300 shares in the last quarter. Finally, CFS Investment Advisory Services LLC increased its position in Apple by 18,263.5% in the 1st quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock valued at $47,000 after acquiring an additional 7,416,445 shares in the last quarter. 57.72% of the stock is owned by institutional investors.

Apple Stock Performance

Shares of AAPL stock opened at $150.18 on Wednesday. The company’s fifty day simple moving average is $146.70 and its 200-day simple moving average is $149.66. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95. The firm has a market cap of $2.39 trillion, a PE ratio of 24.58, a P/E/G ratio of 1.93 and a beta of 1.25. Apple Inc. has a 12 month low of $129.04 and a 12 month high of $182.94.

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

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 given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Friday, November 4th. Apple’s dividend payout ratio is presently 15.06%.

Insider Transactions at Apple

In other news, SVP Deirdre O’brien sold 8,053 shares of the business’s stock in a transaction on Monday, October 17th. The shares were sold at an average price of $142.45, for a total value of $1,147,149.85. Following the sale, the senior vice president now owns 136,290 shares of the company’s stock, valued at $19,414,510.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Apple news, SVP Deirdre O’brien sold 8,053 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at $19,414,510.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction on 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 directly owns 110,673 shares in the company, valued at $17,259,454.35. 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 90 days. 0.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. KeyCorp restated a “buy” rating and issued a $175.00 price objective on shares of Apple in a research report on Tuesday, November 8th. UBS Group set a $180.00 price objective on shares of Apple in a research report on Wednesday, November 16th. The Goldman Sachs Group restated a “neutral” rating and issued a $139.00 price objective on shares of Apple in a research report on Thursday, September 8th. StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a research report on Saturday, November 5th. Finally, Itaú Unibanco initiated coverage on shares of Apple in a research report on Tuesday, July 26th. They issued an “underperform” rating and a $136.00 price objective for the company. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $176.26.

Apple Company Profile

(Get Rating)

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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