Apple Inc. (NASDAQ:AAPL) is WCG Wealth Advisors LLC’s Largest Position

WCG Wealth Advisors LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 13.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 198,305 shares of the iPhone maker’s stock after buying an additional 23,578 shares during the quarter. Apple comprises about 3.1% of WCG Wealth Advisors LLC’s holdings, making the stock its biggest holding. WCG Wealth Advisors LLC’s holdings in Apple were worth $41,767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Intrepid Financial Planning Group LLC raised its position in Apple by 5.1% in the 2nd quarter. Intrepid Financial Planning Group LLC now owns 43,929 shares of the iPhone maker’s stock valued at $9,252,000 after purchasing an additional 2,115 shares during the last quarter. Glass Jacobson Investment Advisors llc increased its stake in Apple by 1.0% in the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 19,508 shares of the iPhone maker’s stock valued at $4,109,000 after buying an additional 185 shares during the period. Soundwatch Capital LLC increased its stake in Apple by 169.1% in the 2nd quarter. Soundwatch Capital LLC now owns 5,810 shares of the iPhone maker’s stock valued at $1,224,000 after buying an additional 3,651 shares during the period. Altrius Capital Management Inc increased its stake in Apple by 5.9% in the 2nd quarter. Altrius Capital Management Inc now owns 4,006 shares of the iPhone maker’s stock valued at $844,000 after buying an additional 223 shares during the period. Finally, Paces Ferry Wealth Advisors LLC increased its stake in Apple by 0.9% in the 2nd quarter. Paces Ferry Wealth Advisors LLC now owns 71,991 shares of the iPhone maker’s stock valued at $15,163,000 after buying an additional 662 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Citigroup boosted their price objective on shares of Apple to $185.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Tigress Financial upped their price target on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 28th. Bank of America reaffirmed a “buy” rating and set a $256.00 price target on shares of Apple in a research note on Thursday, October 3rd. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and set a $245.00 price target on shares of Apple in a research note on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $235.51.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 5,178 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the sale, the insider now owns 24,125 shares of the company’s stock, valued at $5,223,062.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Katherine L. Adams sold 61,019 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the transaction, the senior vice president now directly owns 187,043 shares in the company, valued at $42,309,126.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the sale, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 417,924 shares of company stock valued at $94,142,399 over the last 90 days. 0.06% of the stock is owned by corporate insiders.

Apple Stock Down 0.3 %

AAPL opened at $222.72 on Thursday. The firm has a 50 day moving average price of $226.91 and a 200 day moving average price of $213.51. The company has a market cap of $3.39 trillion, a PE ratio of 36.63, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter last year, the company earned $1.46 earnings per share. Apple’s revenue for the quarter was up 6.1% on a year-over-year basis. Sell-side analysts expect that Apple Inc. will post 7.45 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date is Friday, November 8th. Apple’s dividend payout ratio (DPR) is 16.45%.

Apple Company 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.