Apple Inc. $AAPL Stock Holdings Increased by RMR Wealth Builders

RMR Wealth Builders lifted its stake in Apple Inc. (NASDAQ:AAPL) by 5.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,314 shares of the iPhone maker’s stock after purchasing an additional 6,925 shares during the quarter. Apple accounts for 2.4% of RMR Wealth Builders’ portfolio, making the stock its 11th largest position. RMR Wealth Builders’ holdings in Apple were worth $26,121,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AAPL. Norges Bank purchased a new stake in shares of Apple in the fourth quarter worth approximately $46,868,648,000. Nuveen LLC purchased a new stake in shares of Apple in the first quarter worth approximately $17,472,482,000. GAMMA Investing LLC lifted its position in shares of Apple by 25,934.1% in the first quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker’s stock worth $133,425,490,000 after purchasing an additional 59,835,676 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Apple by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker’s stock worth $349,532,608,000 after purchasing an additional 49,168,843 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Apple by 13.3% in the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock worth $42,918,365,000 after purchasing an additional 20,079,472 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Apple

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 stock was 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 directly owned 136,687 shares in the company, valued at approximately $30,508,538.40. The trade was a 20.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is currently owned by company insiders.

Apple Stock Up 3.2%

Shares of NASDAQ AAPL opened at $245.50 on Friday. The stock has a market cap of $3.64 trillion, a PE ratio of 37.25, a PEG ratio of 2.47 and a beta of 1.11. The business has a fifty day moving average of $224.35 and a two-hundred day moving average of $212.42. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10. 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 issued its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $88.64 billion. During the same period last year, the business earned $1.40 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders 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 dividend yield of 0.4%. Apple’s dividend payout ratio is 15.78%.

Analysts Set New Price Targets

AAPL has been the subject of a number of research analyst reports. UBS Group reissued a “neutral” rating on shares of Apple in a research report on Monday, September 8th. BMO Capital Markets reaffirmed a “buy” rating on shares of Apple in a research report on Wednesday, August 13th. DA Davidson reiterated a “neutral” rating and set a $250.00 price target on shares of Apple in a report on Thursday, September 11th. Morgan Stanley set a $240.00 target price on shares of Apple and gave the stock an “overweight” rating in a research report on Wednesday, September 3rd. Finally, Rosenblatt Securities boosted their target price on shares of Apple from $223.00 to $241.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $242.74.

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.