Builder Investment Group Inc. ADV decreased its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,845 shares of the iPhone maker’s stock after selling 67 shares during the quarter. Apple makes up 0.8% of Builder Investment Group Inc. ADV’s portfolio, making the stock its 29th biggest position. Builder Investment Group Inc. ADV’s holdings in Apple were worth $2,104,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in AAPL. Parker Financial LLC raised its position in shares of Apple by 1.2% in the 2nd quarter. Parker Financial LLC now owns 4,543 shares of the iPhone maker’s stock worth $881,000 after purchasing an additional 54 shares during the last quarter. MKT Advisors LLC increased 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 worth $1,777,000 after buying an additional 60 shares in the last quarter. Professional Financial Advisors LLC increased its holdings in Apple by 0.5% in the 2nd quarter. Professional Financial Advisors LLC now owns 13,213 shares of the iPhone maker’s stock worth $2,563,000 after buying an additional 62 shares in the last quarter. Aspire Capital Advisors LLC grew its stake in shares of Apple by 0.5% during the 1st quarter. Aspire Capital Advisors LLC now owns 14,076 shares of the iPhone maker’s stock valued at $2,321,000 after purchasing an additional 64 shares during the period. Finally, Legacy Financial Group LLC grew its stake in shares of Apple by 0.6% during the 2nd quarter. Legacy Financial Group LLC now owns 10,949 shares of the iPhone maker’s stock valued at $2,124,000 after purchasing an additional 64 shares during the period. Institutional investors own 58.51% of the company’s stock.
Insiders Place Their Bets
In other Apple news, CFO Luca Maestri sold 31,685 shares of the company’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $178.69, for a total transaction of $5,661,792.65. Following the transaction, the chief financial officer now directly owns 107,661 shares in the company, valued at $19,237,944.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Apple news, SVP Deirdre O’brien sold 15,419 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 SEC, which is available through this link. Also, CFO Luca Maestri sold 31,685 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $178.69, for a total value of $5,661,792.65. Following the completion of the sale, the chief financial officer now owns 107,661 shares of the company’s stock, valued at approximately $19,237,944.09. The disclosure for this sale can be found here. Insiders have sold 455,004 shares of company stock worth $79,238,767 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.
Apple Price Performance
Apple (NASDAQ:AAPL – Get Free Report) last posted its quarterly earnings results on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The business had revenue of $81.80 billion during the quarter, compared to analyst estimates of $81.79 billion. Apple had a return on equity of 164.92% and a net margin of 24.68%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.20 earnings per share. Equities research analysts anticipate that Apple Inc. will post 6.04 earnings per share for the current fiscal year.
Apple Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Friday, August 11th. Apple’s dividend payout ratio is presently 16.13%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on AAPL shares. TD Cowen boosted their price target on Apple from $195.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price target on Apple from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 24th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Apple in a report on Thursday, September 21st. Wedbush raised their target price on shares of Apple from $230.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, September 13th. Finally, Piper Sandler upped their price target on shares of Apple from $180.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, July 31st. Ten equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $198.08.
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.
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