My Personal CFO LLC Has $9.32 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

My Personal CFO LLC increased its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 177.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 68,148 shares of the iPhone maker’s stock after acquiring an additional 43,559 shares during the period. Apple makes up about 8.3% of My Personal CFO LLC’s portfolio, making the stock its largest holding. My Personal CFO LLC’s holdings in Apple were worth $9,317,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Elk River Wealth Management LLC increased its stake in Apple by 49.0% during the 1st quarter. Elk River Wealth Management LLC now owns 167,122 shares of the iPhone maker’s stock valued at $29,181,000 after purchasing an additional 54,989 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Apple by 8.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 74,619 shares of the iPhone maker’s stock valued at $13,029,000 after purchasing an additional 5,703 shares in the last quarter. Piscataqua Savings Bank increased its stake in Apple by 1.5% during the 1st quarter. Piscataqua Savings Bank now owns 47,546 shares of the iPhone maker’s stock valued at $8,302,000 after purchasing an additional 684 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Apple during the 1st quarter valued at approximately $171,000. Finally, Chico Wealth RIA acquired a new position in Apple during the 1st quarter valued at approximately $7,794,000. Institutional investors own 57.72% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Katherine L. Adams sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the completion of the sale, the senior vice president now owns 427,334 shares of the company’s stock, valued at $70,411,823.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Apple news, SVP Katherine L. Adams sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the transaction, the senior vice president now directly owns 427,334 shares in the company, valued at approximately $70,411,823.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Luca Maestri sold 96,735 shares of the stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the completion of the sale, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at approximately $19,362,241.35. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

AAPL opened at $154.48 on Tuesday. The firm’s fifty day simple moving average is $159.65 and its two-hundred day simple moving average is $155.94. The company has a market cap of $2.48 trillion, a price-to-earnings ratio of 25.49, a PEG ratio of 1.95 and a beta of 1.23. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 1.63. Apple Inc. has a 52-week low of $129.04 and a 52-week high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.06. The firm had revenue of $82.96 billion for the quarter, compared to analyst estimates of $82.97 billion. Apple had a net margin of 25.71% and a return on equity of 152.97%. Apple’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.30 earnings per share. Equities analysts anticipate that Apple Inc. will post 6.11 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 11th. Shareholders of record on Monday, August 8th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Friday, August 5th. Apple’s payout ratio is currently 15.18%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AAPL. Deutsche Bank Aktiengesellschaft set a $175.00 price objective on shares of Apple in a report on Monday, August 1st. Wells Fargo & Company dropped their price objective on shares of Apple from $205.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, July 20th. Wedbush upped their price objective on shares of Apple from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, August 17th. Monness Crespi & Hardt began coverage on shares of Apple in a report on Thursday, September 8th. They issued a “buy” rating and a $174.00 price objective on the stock. Finally, JPMorgan Chase & Co. set a $200.00 price objective on shares of Apple in a report on Monday, September 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.52.

Apple 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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