Delos Wealth Advisors LLC Purchases 3,453 Shares of Apple Inc. (NASDAQ:AAPL)

Delos Wealth Advisors LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 41.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,824 shares of the iPhone maker’s stock after purchasing an additional 3,453 shares during the period. Apple comprises about 2.4% of Delos Wealth Advisors LLC’s investment portfolio, making the stock its 16th largest position. Delos Wealth Advisors LLC’s holdings in Apple were worth $2,490,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AAPL. Access Investment Management LLC acquired a new stake in shares of Apple in the 1st quarter valued at $140,000. Hoese & Co LLP lifted its holdings in Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after purchasing an additional 57 shares during the last quarter. Sage Financial Group Inc. acquired a new position in Apple in the second quarter valued at about $206,000. Benchmark Wealth Management LLC bought a new stake in Apple during the second quarter worth about $208,000. Finally, SMH Capital Advisors Inc. bought a new stake in Apple during the second quarter worth about $209,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

AAPL opened at $226.96 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $3.43 trillion, a P/E ratio of 37.33, a PEG ratio of 2.18 and a beta of 1.24. The stock has a 50-day moving average price of $226.82 and a 200-day moving average price of $214.36. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.49.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 EPS. Equities analysts predict that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. Apple’s dividend payout ratio (DPR) is currently 16.45%.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 8,706 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,469,275. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the sale, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Chris Kondo sold 8,706 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 15,419 shares in the company, valued at $3,469,275. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 412,746 shares of company stock worth $93,021,362. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on AAPL shares. Monness Crespi & Hardt restated a “buy” rating and set a $245.00 target price on shares of Apple in a report on Monday, September 9th. Maxim Group upped their price target on shares of Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Moffett Nathanson initiated coverage on shares of Apple in a research report on Monday, August 19th. They issued a “neutral” rating and a $211.00 price objective for the company. StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, UBS Group reissued a “hold” rating and set a $236.00 price target on shares of Apple in a research note on Wednesday, October 16th. Two 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $235.51.

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.