Osprey Private Wealth LLC Raises Stock Holdings in Apple Inc. $AAPL

Osprey Private Wealth LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 9.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,375 shares of the iPhone maker’s stock after buying an additional 800 shares during the quarter. Osprey Private Wealth LLC’s holdings in Apple were worth $2,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Versant Capital Management Inc boosted its stake in shares of Apple by 3.1% during the second quarter. Versant Capital Management Inc now owns 50,239 shares of the iPhone maker’s stock valued at $10,308,000 after purchasing an additional 1,529 shares during the period. Insight Wealth Strategies LLC raised its holdings in Apple by 2.5% in the second quarter. Insight Wealth Strategies LLC now owns 37,946 shares of the iPhone maker’s stock worth $7,886,000 after purchasing an additional 936 shares in the last quarter. Retirement Wealth Solutions LLC raised its holdings in Apple by 3.7% in the second quarter. Retirement Wealth Solutions LLC now owns 2,201 shares of the iPhone maker’s stock worth $452,000 after purchasing an additional 78 shares in the last quarter. Greenfield Savings Bank raised its holdings in Apple by 0.5% in the second quarter. Greenfield Savings Bank now owns 66,337 shares of the iPhone maker’s stock worth $13,610,000 after purchasing an additional 315 shares in the last quarter. Finally, Nova Wealth Management Inc. increased its holdings in shares of Apple by 5.9% during the second quarter. Nova Wealth Management Inc. now owns 6,012 shares of the iPhone maker’s stock valued at $1,233,000 after acquiring an additional 334 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Down 0.5%

Shares of AAPL stock opened at $237.88 on Friday. The firm has a market capitalization of $3.53 trillion, a PE ratio of 36.10, a P/E/G ratio of 2.48 and a beta of 1.11. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The stock’s 50-day simple moving average is $223.66 and its 200-day simple moving average is $212.35. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87.

Apple (NASDAQ:AAPL) last posted its 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 firm had revenue of $94.04 billion for 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%.Apple’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $1.40 earnings per share. Equities analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

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

Wall Street Analyst Weigh In

AAPL has been the topic of several recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $266.00 price objective on shares of Apple in a research report on Tuesday, August 26th. JPMorgan Chase & Co. lifted their target price on Apple from $250.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a research note on Friday, July 25th. Loop Capital cut their target price on shares of Apple from $230.00 to $226.00 and set a “hold” rating for the company in a report on Thursday, August 21st. Finally, Morgan Stanley set a $240.00 target price on Apple and gave the company an “overweight” rating in a research report on Wednesday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $241.93.

Insider Transactions at Apple

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president owned 136,687 shares of the company’s stock, valued at $30,508,538.40. This trade represents a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is currently owned by company insiders.

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.