Apple Inc. $AAPL Shares Bought by Fischer Financial Services Inc.

Fischer Financial Services Inc. lifted its stake in Apple Inc. (NASDAQ:AAPL) by 0.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,334 shares of the iPhone maker’s stock after purchasing an additional 325 shares during the quarter. Apple accounts for 9.1% of Fischer Financial Services Inc.’s portfolio, making the stock its 2nd largest position. Fischer Financial Services Inc.’s holdings in Apple were worth $28,284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Life Planning Partners Inc bought a new position in shares of Apple in the fourth quarter valued at approximately $47,000. Elite Financial Inc. bought a new position in shares of Apple in the first quarter valued at about $58,000. Conquis Financial LLC bought a new stake in Apple during the 4th quarter worth about $63,000. LSV Asset Management bought a new stake in Apple during the 4th quarter worth about $65,000. Finally, Pillar Financial Advisors LLC acquired a new position in shares of Apple during the 4th quarter worth about $82,000. Institutional investors own 67.73% of the company’s stock.

Insider Transactions at Apple

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the completion of the sale, the senior vice president owned 136,687 shares of the company’s stock, valued at approximately $30,508,538.40. The trade was a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AAPL. The Goldman Sachs Group reiterated a “buy” rating and issued a $266.00 price objective on shares of Apple in a research report on Tuesday, August 26th. BMO Capital Markets reiterated a “buy” rating on shares of Apple in a research report on Wednesday, August 13th. Raymond James Financial restated an “outperform” rating and issued a $240.00 price target (up previously from $230.00) on shares of Apple in a research report on Friday, August 1st. DA Davidson restated a “buy” rating and issued a $250.00 price target on shares of Apple in a research report on Friday, August 1st. Finally, Monness Crespi & Hardt raised their price objective on Apple from $245.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $237.73.

Apple Price Performance

AAPL opened at $238.47 on Thursday. The firm has a market cap of $3.54 trillion, a price-to-earnings ratio of 36.19, a PEG ratio of 2.42 and a beta of 1.11. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10. The stock’s 50 day simple moving average is $217.73 and its 200 day simple moving average is $212.92. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. The company had revenue of $94.04 billion during the quarter, compared to analysts’ expectations of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.40 EPS. As a group, analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple’s payout ratio is currently 15.78%.

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.