Flagship Wealth Advisors LLC Purchases 1,523 Shares of Apple Inc. $AAPL

Flagship Wealth Advisors LLC lifted its position in Apple Inc. (NASDAQ:AAPL) by 10.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,681 shares of the iPhone maker’s stock after acquiring an additional 1,523 shares during the quarter. Apple makes up approximately 1.5% of Flagship Wealth Advisors LLC’s portfolio, making the stock its 20th largest position. Flagship Wealth Advisors LLC’s holdings in Apple were worth $3,483,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AAPL. Norges Bank bought a new stake in shares of Apple in the 4th quarter worth $46,868,648,000. GAMMA Investing LLC grew its stake in shares of Apple by 25,934.1% in the 1st quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker’s stock worth $133,425,490,000 after acquiring an additional 59,835,676 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Apple by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker’s stock worth $349,532,608,000 after acquiring an additional 49,168,843 shares in the last quarter. Northern Trust Corp grew its stake in shares of Apple by 13.3% in the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock worth $42,918,365,000 after acquiring an additional 20,079,472 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Apple by 14.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker’s stock worth $26,220,566,000 after acquiring an additional 13,137,968 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Price Performance

NASDAQ AAPL opened at $239.69 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The company has a market cap of $3.56 trillion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 2.50 and a beta of 1.11. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10. The firm’s 50-day simple moving average is $219.28 and its two-hundred day simple moving average is $212.64.

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

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple’s dividend payout ratio (DPR) is currently 15.78%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AAPL. Needham & Company LLC reiterated a “hold” rating on shares of Apple in a research note on Friday, July 25th. BMO Capital Markets restated a “buy” rating on shares of Apple in a research report on Wednesday, August 13th. Moffett Nathanson upgraded shares of Apple from a “sell” rating to a “neutral” rating and set a $225.00 price target for the company in a research report on Thursday. Evercore ISI restated an “outperform” rating and set a $250.00 price target on shares of Apple in a research report on Wednesday, August 13th. Finally, DA Davidson restated a “buy” rating and set a $250.00 price target on shares of Apple in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.05.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the completion of the transaction, the senior vice president owned 136,687 shares in the company, valued at $30,508,538.40. This trade represents a 20.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.06% of the stock is owned by corporate insiders.

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.