5th Street Advisors LLC Has $3.34 Million Stock Position in Apple Inc. $AAPL

5th Street Advisors LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 27.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,038 shares of the iPhone maker’s stock after purchasing an additional 3,238 shares during the period. Apple makes up about 1.6% of 5th Street Advisors LLC’s holdings, making the stock its 19th biggest position. 5th Street Advisors LLC’s holdings in Apple were worth $3,340,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Advanced Portfolio Management LLC raised its position in shares of Apple by 0.3% during the 4th quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker’s stock valued at $3,260,000 after buying an additional 47 shares during the period. Salus Financial Advisors LLC raised its position in shares of Apple by 3.9% during the 1st quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock valued at $291,000 after buying an additional 49 shares during the period. Sharpepoint LLC raised its position in shares of Apple by 3.5% during the 1st quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker’s stock valued at $322,000 after buying an additional 51 shares during the period. Redwood Financial Network Corp raised its position in shares of Apple by 0.6% during the 4th quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker’s stock valued at $2,184,000 after buying an additional 53 shares during the period. Finally, Mission Hills Financial Advisory LLC raised its position in shares of Apple by 1.3% during the 1st quarter. Mission Hills Financial Advisory LLC now owns 4,016 shares of the iPhone maker’s stock valued at $892,000 after buying an additional 53 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Up 1.8%

Apple stock opened at $234.07 on Friday. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The stock has a market cap of $3.47 trillion, a PE ratio of 35.52, a P/E/G ratio of 2.39 and a beta of 1.11. The stock’s fifty day moving average is $221.50 and its two-hundred day moving average is $212.39.

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

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were paid 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%.

Insider Transactions at Apple

In related news, SVP Deirdre O’brien sold 34,821 shares of the firm’s stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Morgan Stanley set a $240.00 price target on shares of Apple and gave the company an “overweight” rating in a research report on Wednesday, September 3rd. Moffett Nathanson raised shares of Apple from a “sell” rating to a “neutral” rating and set a $225.00 price target on the stock in a research report on Thursday, September 4th. Barclays lifted their price target on shares of Apple from $173.00 to $180.00 and gave the company an “underweight” rating in a research report on Friday, August 1st. Raymond James Financial reaffirmed an “outperform” rating and set a $240.00 price target (up previously from $230.00) on shares of Apple in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. boosted their target price on Apple from $250.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $240.80.

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.