Compass Ion Advisors LLC Increases Position in Apple Inc. (NASDAQ:AAPL)

Compass Ion Advisors LLC lifted its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 12.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,850 shares of the iPhone maker’s stock after purchasing an additional 1,239 shares during the period. Apple comprises about 0.4% of Compass Ion Advisors LLC’s portfolio, making the stock its 24th largest holding. Compass Ion Advisors LLC’s holdings in Apple were worth $1,483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AAPL. Aaron Wealth Advisors LLC boosted its holdings 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 worth $149,333,000 after buying an additional 25,989,570 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Apple by 31.7% during the 1st 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. boosted its holdings in shares of Apple by 0.7% during the 1st 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 boosted its holdings in shares of Apple by 13.1% during the 1st 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 boosted its holdings in shares of Apple by 18,263.5% during the 1st 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. Hedge funds and other institutional investors own 57.72% of the company’s stock.

Apple Stock Up 1.2 %

Apple stock opened at $150.04 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95. The stock’s fifty day simple moving average is $147.42 and its 200-day simple moving average is $150.00. The firm has a market capitalization of $2.39 trillion, a P/E ratio of 24.56, a P/E/G ratio of 1.89 and a beta of 1.25. Apple Inc. has a twelve month low of $129.04 and a twelve month high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last issued its 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. The firm had revenue of $90.15 billion during the quarter, compared to the consensus estimate of $88.77 billion. Apple had a net margin of 25.31% and a return on equity of 160.90%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.24 earnings per share. As a group, equities analysts expect that Apple Inc. will post 6.32 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 176,299 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $142.16, for a total transaction of $25,062,665.84. Following the completion of the transaction, the senior vice president now owns 136,290 shares in the company, valued at $19,374,986.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 360,651 shares of company stock worth $53,703,645. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AAPL shares. Itau BBA Securities started coverage on Apple in a report on Tuesday, July 26th. They set an “underperform” rating and a $136.00 target price on the stock. Citigroup restated a “buy” rating and set a $175.00 target price on shares of Apple in a report on Tuesday, November 8th. Sanford C. Bernstein set a $170.00 price objective on Apple in a report on Monday, September 12th. StockNews.com cut Apple from a “buy” rating to a “hold” rating in a report on Saturday, November 5th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $139.00 price objective on shares of Apple in a report on Thursday, September 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $176.26.

Apple Company 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.

Further Reading

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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