Apple Inc. $AAPL Shares Purchased by Sarver Vrooman Wealth Advisors

Sarver Vrooman Wealth Advisors grew its stake in Apple Inc. (NASDAQ:AAPL) by 112.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,641 shares of the iPhone maker’s stock after acquiring an additional 1,400 shares during the quarter. Apple comprises approximately 0.4% of Sarver Vrooman Wealth Advisors’ investment portfolio, making the stock its 9th biggest position. Sarver Vrooman Wealth Advisors’ holdings in Apple were worth $542,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Burkett Financial Services LLC raised its holdings in shares of Apple by 0.6% during the 1st quarter. Burkett Financial Services LLC now owns 14,401 shares of the iPhone maker’s stock worth $3,199,000 after acquiring an additional 93 shares during the period. Avid Wealth Partners LLC raised its holdings in shares of Apple by 28.3% during the 1st quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock worth $935,000 after acquiring an additional 930 shares during the period. Bell & Brown Wealth Advisors LLC raised its holdings in shares of Apple by 0.4% during the 1st quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock worth $13,772,000 after acquiring an additional 240 shares during the period. OneAscent Wealth Management LLC increased its position in shares of Apple by 4.6% during the 4th 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 last quarter. Finally, Andina Capital Management LLC increased its position in shares of Apple by 209.2% during the 1st quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock worth $1,507,000 after purchasing an additional 4,591 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the subject of a number of recent analyst reports. Morgan Stanley set a $240.00 price objective on Apple and gave the stock an “overweight” rating in a research report on Wednesday, September 3rd. Raymond James Financial reissued an “outperform” rating and set a $240.00 price objective (up from $230.00) on shares of Apple in a research report on Friday, August 1st. Loop Capital cut their price objective on Apple from $230.00 to $226.00 and set a “hold” rating for the company in a research report on Thursday, August 21st. Phillip Securities downgraded Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 price objective for the company. in a research report on Thursday, September 11th. Finally, HSBC set a $220.00 price objective on Apple and gave the stock a “hold” rating in a research report on Monday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $242.74.

Apple Price Performance

AAPL stock opened at $245.50 on Monday. The business has a 50 day moving average price of $224.35 and a 200 day moving average price of $212.10. The stock has a market cap of $3.64 trillion, a price-to-earnings ratio of 37.25, a PEG ratio of 2.55 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 company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.14. The firm had revenue of $94.04 billion during 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 firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.40 earnings per share. Equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple’s payout ratio is 15.78%.

Insider Buying and Selling

In other Apple 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 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.06% of the stock is currently owned by company insiders.

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.