Apple Inc. $AAPL is Laraway Financial Advisors Inc’s Largest Position

Laraway Financial Advisors Inc decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,111 shares of the iPhone maker’s stock after selling 203 shares during the period. Apple accounts for 8.5% of Laraway Financial Advisors Inc’s holdings, making the stock its biggest position. Laraway Financial Advisors Inc’s holdings in Apple were worth $10,687,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Burkett Financial Services LLC raised its holdings in shares of Apple by 0.6% in the first quarter. Burkett Financial Services LLC now owns 14,401 shares of the iPhone maker’s stock worth $3,199,000 after buying an additional 93 shares during the last quarter. Avid Wealth Partners LLC increased its stake in shares of Apple by 28.3% in the first quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock worth $935,000 after acquiring an additional 930 shares during the period. OneAscent Wealth Management LLC increased its stake in shares of Apple by 4.6% in the fourth quarter. OneAscent Wealth Management LLC now owns 9,332 shares of the iPhone maker’s stock worth $2,337,000 after acquiring an additional 409 shares during the period. Bell & Brown Wealth Advisors LLC grew its position in Apple by 0.4% during the first quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock valued at $13,772,000 after buying an additional 240 shares during the period. Finally, TruWealth Advisors LLC grew its position in Apple by 2.8% during the first quarter. TruWealth Advisors LLC now owns 189,282 shares of the iPhone maker’s stock valued at $42,045,000 after buying an additional 5,120 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on AAPL. Rosenblatt Securities raised their price target on shares of Apple from $223.00 to $241.00 and gave the company a “neutral” rating in a research report on Wednesday. The Goldman Sachs Group reissued a “buy” rating and issued a $266.00 price target on shares of Apple in a research note on Tuesday, August 26th. Morgan Stanley set a $240.00 target price on shares of Apple and gave the stock an “overweight” rating in a research note on Wednesday, September 3rd. HSBC set a $220.00 price objective on shares of Apple and gave the stock a “hold” rating in a report on Monday. Finally, Evercore ISI boosted their target price on Apple from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $242.16.

Apple Stock Down 3.2%

Shares of NASDAQ:AAPL opened at $226.79 on Thursday. The stock has a market cap of $3.37 trillion, a P/E ratio of 34.41, a P/E/G ratio of 2.45 and a beta of 1.11. The firm has a fifty day moving average price of $220.75 and a 200 day moving average price of $212.60. 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 Inc. has a 1-year low of $169.21 and a 1-year high of $260.10.

Apple (NASDAQ:AAPL) last issued its quarterly 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 analysts’ expectations of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. Apple’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.40 EPS. Sell-side analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were issued a $0.26 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 annualized dividend and a dividend yield of 0.5%. Apple’s payout ratio is presently 15.78%.

Insider Buying and Selling at Apple

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