Blackston Financial Advisory Group LLC Has $2.32 Million Position in Apple Inc. (NASDAQ:AAPL)

Blackston Financial Advisory Group LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 9.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,099 shares of the iPhone maker’s stock after acquiring an additional 1,308 shares during the period. Apple comprises approximately 1.6% of Blackston Financial Advisory Group LLC’s holdings, making the stock its 10th largest position. Blackston Financial Advisory Group LLC’s holdings in Apple were worth $2,315,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AAPL. MKT Advisors LLC boosted its holdings in Apple by 0.5% in the 2nd quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock valued at $1,777,000 after purchasing an additional 60 shares during the period. Your Advocates Ltd. LLP boosted its stake in Apple by 1.0% during the 2nd quarter. Your Advocates Ltd. LLP now owns 6,339 shares of the iPhone maker’s stock worth $867,000 after acquiring an additional 65 shares during the last quarter. Aufman Associates Inc lifted its stake in Apple by 0.9% in the second quarter. Aufman Associates Inc now owns 7,674 shares of the iPhone maker’s stock valued at $1,049,000 after buying an additional 66 shares in the last quarter. Silver Oak Advisory Group Inc. raised its holdings in shares of Apple by 1.8% in the second quarter. Silver Oak Advisory Group Inc. now owns 3,925 shares of the iPhone maker’s stock valued at $537,000 after purchasing an additional 69 shares during the last quarter. Finally, Lowe Wealth Advisors LLC boosted its position in shares of Apple by 1.4% in the third quarter. Lowe Wealth Advisors LLC now owns 4,993 shares of the iPhone maker’s stock valued at $690,000 after acquiring an additional 69 shares during the period. Hedge funds and other institutional investors own 57.60% of the company’s stock.

Apple Stock Up 3.5 %

Shares of NASDAQ AAPL opened at $151.03 on Monday. The stock has a market cap of $2.39 trillion, a P/E ratio of 25.64, a P/E/G ratio of 2.00 and a beta of 1.30. The firm has a 50 day moving average price of $141.82 and a 200 day moving average price of $146.18. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.89 and a current ratio of 0.94. Apple Inc. has a 52-week low of $124.17 and a 52-week high of $179.61.

Apple (NASDAQ:AAPLGet Rating) last issued its quarterly earnings data on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.05). The company had revenue of $117.15 billion during the quarter, compared to the consensus estimate of $121.67 billion. Apple had a net margin of 24.56% and a return on equity of 163.45%. Apple’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.10 earnings per share. Analysts expect that Apple Inc. will post 6.04 EPS for the current year.

Apple Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 16th. Shareholders of record on Monday, February 13th were issued a dividend of $0.23 per share. This is a positive change from Apple’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 10th. This represents a $0.92 annualized dividend and a yield of 0.61%. Apple’s dividend payout ratio (DPR) is presently 15.62%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AAPL. BNP Paribas downgraded shares of Apple from an “outperform” rating to a “neutral” rating and set a $140.00 price objective for the company. in a research report on Tuesday, January 3rd. UBS Group set a $180.00 price objective on Apple in a research report on Monday, February 20th. Oppenheimer dropped their target price on Apple from $190.00 to $170.00 and set an “outperform” rating for the company in a report on Monday, December 12th. Barclays boosted their price target on Apple from $133.00 to $145.00 and gave the company an “equal weight” rating in a research note on Friday, February 3rd. Finally, Piper Sandler restated an “overweight” rating and set a $195.00 price target on shares of Apple in a research report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $166.18.

Apple Company Profile

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Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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