Apple Inc. $AAPL is Vishria Bird Financial Group LLC’s 3rd Largest Position

Vishria Bird Financial Group LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 7.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,940 shares of the iPhone maker’s stock after selling 7,436 shares during the quarter. Apple accounts for about 6.7% of Vishria Bird Financial Group LLC’s holdings, making the stock its 3rd largest position. Vishria Bird Financial Group LLC’s holdings in Apple were worth $20,094,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Burkett Financial Services LLC increased its position in 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 position in 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 buying an additional 930 shares during the last quarter. Bell & Brown Wealth Advisors LLC increased its position in Apple by 0.4% in the first quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock worth $13,772,000 after buying an additional 240 shares during the last quarter. OneAscent Wealth Management LLC increased its position in 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 buying an additional 409 shares during the last quarter. Finally, Andina Capital Management LLC increased its position in Apple by 209.2% in 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 during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Barclays raised their target price on Apple from $173.00 to $180.00 and gave the stock an “underweight” rating in a research report on Friday, August 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a report on Friday, July 25th. Loop Capital cut their price target on Apple from $230.00 to $226.00 and set a “hold” rating for the company in a report on Thursday, August 21st. UBS Group reaffirmed a “neutral” rating on shares of Apple in a report on Monday, September 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued 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 assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $241.93.

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 34,821 shares of the business’s stock in a transaction that occurred 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 $30,508,538.40. The trade was a 20.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.06% of the stock is owned by company insiders.

Apple Trading Down 0.5%

Shares of Apple stock opened at $237.88 on Friday. The firm has a market cap of $3.53 trillion, a price-to-earnings ratio of 36.10, a PEG ratio of 2.48 and a beta of 1.11. The business has a 50-day moving average price of $223.66 and a 200-day moving average price of $212.35. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10.

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

Apple Announces Dividend

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

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.