Journey Advisory Group LLC Has $28.89 Million Position in Apple Inc. (NASDAQ:AAPL)

Journey Advisory Group LLC raised its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 10.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 178,883 shares of the iPhone maker’s stock after purchasing an additional 16,464 shares during the quarter. Apple makes up about 6.6% of Journey Advisory Group LLC’s portfolio, making the stock its biggest holding. Journey Advisory Group LLC’s holdings in Apple were worth $28,891,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of AAPL. Cooper Financial Group grew its stake in Apple by 2.2% in the first quarter. Cooper Financial Group now owns 114,581 shares of the iPhone maker’s stock valued at $20,007,000 after purchasing an additional 2,516 shares in the last quarter. IFM Investors Pty Ltd grew its stake in Apple by 20.0% in the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after purchasing an additional 435,891 shares in the last quarter. Ironwood Wealth Management LLC. grew its stake in Apple by 0.4% in the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after purchasing an additional 1,040 shares in the last quarter. Tennessee Valley Asset Management Partners grew its stake in Apple by 2.0% in the first quarter. Tennessee Valley Asset Management Partners now owns 24,330 shares of the iPhone maker’s stock valued at $4,248,000 after purchasing an additional 470 shares in the last quarter. Finally, Concorde Asset Management LLC boosted its stake in shares of Apple by 15.1% during the 1st quarter. Concorde Asset Management LLC now owns 11,375 shares of the iPhone maker’s stock worth $1,985,000 after acquiring an additional 1,488 shares during the period. 57.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 8,053 shares of the business’s stock in a transaction on 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 sale, the senior vice president now owns 136,290 shares in the company, valued at approximately $19,414,510.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Deirdre O’brien sold 8,053 shares of the business’s stock in a transaction on 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 sale, the senior vice president now owns 136,290 shares in the company, valued at approximately $19,414,510.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $155.95, for a total value of $27,493,829.05. Following the sale, the chief financial officer now owns 110,673 shares in the company, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. Insiders have sold 360,651 shares of company stock worth $53,703,645 in the last 90 days. Insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Itau BBA Securities assumed coverage on Apple in a research note on Tuesday, July 26th. They set an “underperform” rating and a $136.00 target price for the company. Deutsche Bank Aktiengesellschaft reduced their target price on Apple from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, October 28th. UBS Group set a $180.00 target price on Apple in a research note on Wednesday. Robert W. Baird reduced their target price on Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Finally, Citigroup reiterated a “buy” rating and set a $175.00 target price on shares of Apple in a research note on Tuesday, November 8th. Two equities 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $176.26.

Apple Trading Up 0.4 %

Shares of AAPL opened at $151.29 on Friday. Apple Inc. has a 52-week low of $129.04 and a 52-week high of $182.94. The business’s fifty day moving average is $147.08 and its 200-day moving average is $149.95. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.85 and a current ratio of 0.88. The firm has a market cap of $2.41 trillion, a price-to-earnings ratio of 24.76, a PEG ratio of 1.90 and a beta of 1.25.

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

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were given 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 yield of 0.61%. Apple’s dividend payout ratio is currently 15.06%.

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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