S. R. Schill & Associates Takes $215,000 Position in Apple Inc. $AAPL

S. R. Schill & Associates acquired a new stake in Apple Inc. (NASDAQ:AAPL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,047 shares of the iPhone maker’s stock, valued at approximately $215,000. Apple makes up approximately 0.2% of S. R. Schill & Associates’ holdings, making the stock its 24th biggest position.

Other hedge funds also recently made changes to their positions in the company. Burkett Financial Services LLC boosted its stake in shares of Apple by 0.6% in the 1st quarter. Burkett Financial Services LLC now owns 14,401 shares of the iPhone maker’s stock valued at $3,199,000 after purchasing an additional 93 shares during the last quarter. Avid Wealth Partners LLC grew 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 valued at $935,000 after buying an additional 930 shares in the last quarter. Bell & Brown Wealth Advisors LLC boosted 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 worth $13,772,000 after purchasing an additional 240 shares during the period. OneAscent Wealth Management LLC boosted its position in Apple by 4.6% during the fourth quarter. OneAscent Wealth Management LLC now owns 9,332 shares of the iPhone maker’s stock worth $2,337,000 after purchasing an additional 409 shares during the period. Finally, Andina Capital Management LLC lifted its holdings in shares of Apple by 209.2% during the first quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock worth $1,507,000 after buying an additional 4,591 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Loop Capital dropped their price target on Apple from $230.00 to $226.00 and set a “hold” rating for the company in a research note on Thursday, August 21st. BMO Capital Markets restated a “buy” rating on shares of Apple in a report on Wednesday, August 13th. Sanford C. Bernstein started coverage on Apple in a report on Monday. They set an “outperform” rating and a $290.00 price target on the stock. Morgan Stanley set a $240.00 target price on Apple and gave the stock an “overweight” rating in a research report on Wednesday, September 3rd. Finally, Moffett Nathanson raised Apple from a “sell” rating to a “neutral” rating and set a $225.00 target price on the stock in a research report on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $241.93.

Apple Price Performance

Shares of Apple stock opened at $238.99 on Thursday. 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 business’s 50 day simple moving average is $223.15 and its two-hundred day simple moving average is $212.36. The stock has a market capitalization of $3.55 trillion, a P/E ratio of 36.27, a price-to-earnings-growth ratio of 2.47 and a beta of 1.11. Apple Inc. has a one year low of $169.21 and a one year high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.14. The business had revenue of $94.04 billion for 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 business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 EPS. Analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

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

Insider Buying and Selling at Apple

In related news, SVP Deirdre O’brien sold 34,821 shares of Apple 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 sale, the senior vice president directly owned 136,687 shares in the company, valued at $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 available through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Apple 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.