Apple Inc. $AAPL Stake Boosted by Henrickson Nauta Wealth Advisors Inc.

Henrickson Nauta Wealth Advisors Inc. increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 9.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,589 shares of the iPhone maker’s stock after purchasing an additional 415 shares during the quarter. Apple accounts for about 0.3% of Henrickson Nauta Wealth Advisors Inc.’s investment portfolio, making the stock its 29th largest holding. Henrickson Nauta Wealth Advisors Inc.’s holdings in Apple were worth $942,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. ROSS JOHNSON & Associates LLC lifted its stake in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after buying an additional 180 shares during the last quarter. Conquis Financial LLC bought a new stake in Apple in the fourth quarter valued at $63,000. LSV Asset Management bought a new stake in Apple in the fourth quarter valued at $65,000. Elite Financial Inc. bought a new stake in shares of Apple during the first quarter valued at about $58,000. Finally, HFM Investment Advisors LLC bought a new stake in shares of Apple during the first quarter valued at about $99,000. 67.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.06% of the company’s stock.

Apple Stock Up 3.2%

Shares of Apple stock opened at $245.50 on Monday. The firm has a market cap of $3.64 trillion, a price-to-earnings ratio of 37.25, a P/E/G ratio of 2.55 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10. The stock has a 50-day simple moving average of $224.35 and a 200-day simple moving average of $212.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.14. The business 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 period in the previous year, the company earned $1.40 EPS. On average, equities research analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Analysts Set New Price Targets

AAPL has been the topic of a number of recent analyst reports. Loop Capital cut their price objective on shares of Apple from $230.00 to $226.00 and set a “hold” rating on the stock in a research note on Thursday, August 21st. BMO Capital Markets restated a “buy” rating on shares of Apple in a research note on Wednesday, August 13th. Monness Crespi & Hardt lifted their price objective on shares of Apple from $245.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Raymond James Financial restated an “outperform” rating and set a $240.00 price objective (up from $230.00) on shares of Apple in a research note on Friday, August 1st. Finally, Rosenblatt Securities lifted their price objective on shares of Apple from $223.00 to $241.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Two 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, Apple presently has a consensus 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.