Reyes Financial Architecture Inc. Has $2.02 Million Stake in Apple Inc. $AAPL

Reyes Financial Architecture Inc. grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 17.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,861 shares of the iPhone maker’s stock after acquiring an additional 1,482 shares during the quarter. Apple comprises 1.7% of Reyes Financial Architecture Inc.’s investment portfolio, making the stock its 8th largest position. Reyes Financial Architecture Inc.’s holdings in Apple were worth $2,023,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. High Probability Advisors LLC lifted its position in Apple by 8.3% in the 2nd quarter. High Probability Advisors LLC now owns 4,504 shares of the iPhone maker’s stock worth $924,000 after buying an additional 346 shares during the last quarter. Czech National Bank increased its stake in Apple by 5.8% in the 2nd quarter. Czech National Bank now owns 3,650,810 shares of the iPhone maker’s stock worth $749,037,000 after purchasing an additional 200,576 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Apple by 17.1% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 662,135 shares of the iPhone maker’s stock worth $135,771,000 after purchasing an additional 96,800 shares during the period. Svenska Handelsbanken AB publ raised its holdings in shares of Apple by 39.1% during the second quarter. Svenska Handelsbanken AB publ now owns 170,715 shares of the iPhone maker’s stock valued at $35,026,000 after acquiring an additional 48,001 shares in the last quarter. Finally, Sandy Cove Advisors LLC raised its holdings in shares of Apple by 1.8% during the second quarter. Sandy Cove Advisors LLC now owns 60,631 shares of the iPhone maker’s stock valued at $12,440,000 after acquiring an additional 1,056 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the topic of several recent research reports. HSBC set a $220.00 price target on Apple and gave the stock a “hold” rating in a research note on Monday, September 8th. Raymond James Financial reissued an “outperform” rating and issued a $240.00 target price (up from $230.00) on shares of Apple in a research note on Friday, August 1st. Phillip Securities cut Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 target price on the stock. in a research note on Thursday, September 11th. Loop Capital cut their target price on Apple from $230.00 to $226.00 and set a “hold” rating on the stock in a research note on Thursday, August 21st. Finally, Sanford C. Bernstein began coverage on Apple in a research note on Monday, September 15th. They issued an “outperform” rating and a $290.00 target price on the stock. Two 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $242.74.

Apple Stock Up 3.2%

NASDAQ AAPL opened at $245.50 on Monday. The stock’s 50-day moving average price is $224.35 and its 200-day moving average price is $212.10. 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 Inc. has a 52 week low of $169.21 and a 52 week high of $260.10. The company has a market capitalization of $3.64 trillion, a P/E ratio of 37.25, a price-to-earnings-growth ratio of 2.55 and a beta of 1.11.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data 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 the consensus estimate of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.40 earnings per share. On average, equities research analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

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

Insider Transactions at Apple

In related 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 sale, the senior vice president owned 136,687 shares of the company’s stock, valued at approximately $30,508,538.40. This trade represents 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 link. Company insiders own 0.06% of the company’s stock.

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.