Valley Forge Investment Consultants Inc. ADV Raises Holdings in Apple Inc. (NASDAQ:AAPL)

Valley Forge Investment Consultants Inc. ADV lifted its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 2.0% in the second quarter, HoldingsChannel reports. The firm owned 11,211 shares of the iPhone maker’s stock after acquiring an additional 219 shares during the period. Apple makes up about 0.8% of Valley Forge Investment Consultants Inc. ADV’s portfolio, making the stock its 18th biggest holding. Valley Forge Investment Consultants Inc. ADV’s holdings in Apple were worth $1,533,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AAPL. EverSource Wealth Advisors LLC boosted its position in Apple by 8.3% during 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 during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Apple during the first quarter worth approximately $171,000. Emerald Advisors LLC boosted its position in Apple by 2.4% during the second quarter. Emerald Advisors LLC now owns 19,905 shares of the iPhone maker’s stock worth $2,721,000 after acquiring an additional 465 shares during the last quarter. Chico Wealth RIA acquired a new stake in Apple during the first quarter worth approximately $7,794,000. Finally, Sageworth Trust Co boosted its position in Apple by 150.3% during the second quarter. Sageworth Trust Co now owns 5,798 shares of the iPhone maker’s stock worth $793,000 after acquiring an additional 3,482 shares during the last quarter. 57.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Apple

In other news, CFO Luca Maestri sold 176,299 shares of the business’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 completion of the sale, the chief financial officer now owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Luca Maestri sold 176,299 shares of the business’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 completion of the sale, the chief financial officer now owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Deirdre O’brien sold 8,053 shares of the business’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 completion of the sale, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at approximately $19,414,510.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 360,651 shares of company stock valued at $53,703,645. Insiders own 0.06% of the company’s stock.

Apple Stock Performance

Apple stock opened at $150.18 on Wednesday. Apple Inc. has a 12-month low of $129.04 and a 12-month high of $182.94. The company has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 1.93 and a beta of 1.25. 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’s fifty day moving average price is $146.70 and its 200 day moving average price is $149.66.

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

Apple Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Friday, November 4th. Apple’s payout ratio is currently 15.06%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Barclays decreased their target price on shares of Apple from $156.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Monday, November 7th. Needham & Company LLC reiterated a “buy” rating and issued a $170.00 price target on shares of Apple in a report on Tuesday, November 8th. JPMorgan Chase & Co. set a $200.00 price target on shares of Apple in a report on Monday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Apple from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Finally, Credit Suisse Group set a $184.00 price target on shares of Apple in a report on Thursday, November 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.

See Also

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLGet Rating).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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