Compton Wealth Advisory Group LLC Has $13.29 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Compton Wealth Advisory Group LLC grew its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 63,084 shares of the iPhone maker’s stock after acquiring an additional 1,104 shares during the quarter. Apple comprises approximately 3.5% of Compton Wealth Advisory Group LLC’s holdings, making the stock its 9th largest holding. Compton Wealth Advisory Group LLC’s holdings in Apple were worth $13,287,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Christopher J. Hasenberg Inc bought a new stake in Apple in the first quarter worth $35,000. A.P. Gilfoyle & Co. L.P. bought a new stake in Apple in the fourth quarter worth $39,000. University of Texas Texas AM Investment Managment Co. lifted its position in Apple by 657.1% in the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after buying an additional 368 shares during the last quarter. Clarity Asset Management Inc. bought a new stake in Apple in the fourth quarter worth $85,000. Finally, Clear Street Markets LLC lifted its position in Apple by 100.6% in the fourth quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock worth $93,000 after buying an additional 83,965 shares during the last quarter. 60.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Evercore ISI restated an “outperform” rating and issued a $250.00 price target on shares of Apple in a research report on Tuesday, August 27th. Piper Sandler Companies restated a “neutral” rating and issued a $225.00 price target (up from $190.00) on shares of Apple in a research report on Tuesday, July 9th. Bank of America reiterated a “buy” rating and set a $256.00 target price on shares of Apple in a research report on Tuesday, August 27th. Cfra lifted their target price on Apple from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Finally, DA Davidson upgraded Apple from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $200.00 to $230.00 in a research report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $237.30.

Insider Buying and Selling

In other Apple news, insider Chris Kondo sold 8,706 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,469,275. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Apple news, insider Chris Kondo sold 8,706 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,469,275. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The disclosure for this sale can be found here. Insiders sold 113,884 shares of company stock valued at $23,723,887 over the last quarter. 0.06% of the stock is currently owned by company insiders.

Apple Price Performance

Shares of AAPL stock opened at $229.00 on Tuesday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.23. The firm has a market capitalization of $3.51 trillion, a price-to-earnings ratio of 35.61, a PEG ratio of 2.69 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. The stock’s 50-day simple moving average is $222.30 and its 200-day simple moving average is $196.25.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The business had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. During the same quarter in the previous year, the firm earned $1.26 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. As a group, equities analysts forecast that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio (DPR) is 15.55%.

About Apple

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.