BlueSky Wealth Advisors LLC Acquires 100 Shares of Apple Inc. (NASDAQ:AAPL)

BlueSky Wealth Advisors LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,620 shares of the iPhone maker’s stock after purchasing an additional 100 shares during the period. Apple accounts for 0.7% of BlueSky Wealth Advisors LLC’s portfolio, making the stock its 26th largest holding. BlueSky Wealth Advisors LLC’s holdings in Apple were worth $3,565,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. St. James Investment Advisors LLC increased its holdings in Apple by 98.3% in the 4th quarter. St. James Investment Advisors LLC now owns 236 shares of the iPhone maker’s stock valued at $31,000 after buying an additional 117 shares during the period. HBC Financial Services PLLC lifted its position in Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after buying an additional 80 shares in the last quarter. PayPay Securities Corp acquired a new position in Apple during the 4th quarter worth about $60,000. LFA Lugano Financial Advisors SA acquired a new position in Apple during the 4th quarter worth about $93,000. Finally, Sonnipe Ltd acquired a new position in Apple during the 4th quarter worth about $104,000. 58.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Apple

In related news, SVP Deirdre O’brien sold 15,419 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $178.56, for a total value of $2,753,216.64. Following the transaction, the senior vice president now owns 136,445 shares in the company, valued at $24,363,619.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.06% of the company’s stock.

Apple Trading Up 0.1 %

Shares of Apple stock opened at $189.70 on Wednesday. Apple Inc. has a 1 year low of $124.17 and a 1 year high of $198.23. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.98 and a quick ratio of 0.92. The company has a market capitalization of $2.97 trillion, a price-to-earnings ratio of 31.88, a P/E/G ratio of 2.76 and a beta of 1.27. The business has a fifty day simple moving average of $186.94 and a two-hundred day simple moving average of $174.00.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. Apple had a return on equity of 164.92% and a net margin of 24.68%. The company had revenue of $81.80 billion during the quarter, compared to the consensus estimate of $81.79 billion. During the same quarter last year, the firm earned $1.20 earnings per share. The company’s revenue was down 1.4% on a year-over-year basis. Research analysts forecast that Apple Inc. will post 6.05 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 14th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Friday, August 11th. Apple’s dividend payout ratio is currently 16.13%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Oppenheimer upped their target price on shares of Apple from $195.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Wells Fargo & Company increased their target price on Apple from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 24th. KeyCorp increased their target price on Apple from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 11th. Robert W. Baird increased their target price on Apple from $180.00 to $204.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 1st. Finally, 51job reissued a “maintains” rating on shares of Apple in a research note on Friday, June 2nd. Ten research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average target price of $198.86.

Apple Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.