Apple Inc. $AAPL is Vista Cima Wealth Management LLC’s 4th Largest Position

Vista Cima Wealth Management LLC increased its position in Apple Inc. (NASDAQ:AAPL) by 0.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,798 shares of the iPhone maker’s stock after acquiring an additional 137 shares during the period. Apple comprises approximately 3.7% of Vista Cima Wealth Management LLC’s holdings, making the stock its 4th largest position. Vista Cima Wealth Management LLC’s holdings in Apple were worth $5,064,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. First National Bank of Hutchinson boosted its holdings in Apple by 24.6% in the 4th quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker’s stock worth $8,845,000 after buying an additional 6,982 shares during the period. Eagle Capital Management LLC boosted its holdings in Apple by 0.5% in the 4th quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker’s stock worth $13,544,000 after buying an additional 272 shares during the period. Brighton Jones LLC boosted its holdings in Apple by 14.8% in the 4th quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker’s stock worth $134,554,000 after buying an additional 69,207 shares during the period. Revolve Wealth Partners LLC boosted its holdings in Apple by 4.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker’s stock worth $16,742,000 after buying an additional 2,695 shares during the period. Finally, Highview Capital Management LLC DE boosted its holdings in Apple by 2.4% in the 4th quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker’s stock worth $12,587,000 after buying an additional 1,155 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of Apple stock in a transaction on 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 completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is currently owned by company insiders.

Apple Trading Up 1.1%

NASDAQ AAPL opened at $236.70 on Tuesday. The company has a fifty day simple moving average of $222.03 and a two-hundred day simple moving average of $211.99. The stock has a market cap of $3.51 trillion, a P/E ratio of 35.92, a P/E/G ratio of 2.43 and a beta of 1.11. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $260.10. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.14. Apple had a net margin of 24.30% and a return on equity of 170.91%. The firm had revenue of $94.04 billion during the quarter, compared to analysts’ expectations of $88.64 billion. During the same quarter last year, the company posted $1.40 earnings per share. The firm’s revenue was up 9.6% compared to the same quarter last year. On average, analysts forecast 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. Investors of record on Monday, August 11th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple’s dividend payout ratio (DPR) is 15.78%.

Wall Street Analyst Weigh In

AAPL has been the topic of several recent research reports. Sanford C. Bernstein initiated coverage on shares of Apple in a research report on Monday. They set an “outperform” rating on the stock. Wedbush reiterated an “outperform” rating and set a $270.00 price target on shares of Apple in a report on Tuesday, September 9th. Barclays upped their price target on shares of Apple from $173.00 to $180.00 and gave the company an “underweight” rating in a report on Friday, August 1st. Melius Research set a $290.00 price target on shares of Apple and gave the company a “buy” rating in a report on Wednesday, September 10th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $240.00 price target (up from $230.00) on shares of Apple in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $240.80.

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.