Apple Inc. $AAPL Stock Position Lifted by Boyum Wealth Architects LLC

Boyum Wealth Architects LLC boosted its stake in Apple Inc. (NASDAQ:AAPL) by 71.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,517 shares of the iPhone maker’s stock after buying an additional 1,465 shares during the quarter. Apple makes up about 0.5% of Boyum Wealth Architects LLC’s holdings, making the stock its 29th biggest position. Boyum Wealth Architects LLC’s holdings in Apple were worth $722,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of AAPL. Norges Bank acquired a new position in shares of Apple during the 4th quarter valued at about $46,868,648,000. Nuveen LLC bought a new stake in Apple during the first quarter worth approximately $17,472,482,000. GAMMA Investing LLC grew its holdings in Apple by 25,934.1% during the first quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker’s stock valued at $133,425,490,000 after purchasing an additional 59,835,676 shares during the last quarter. Vanguard Group Inc. raised 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 valued at $349,532,608,000 after purchasing an additional 49,168,843 shares during the period. Finally, Northern Trust Corp raised 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 valued at $42,918,365,000 after purchasing an additional 20,079,472 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Up 4.3%

NASDAQ:AAPL opened at $256.08 on Tuesday. The company has a market cap of $3.80 trillion, a price-to-earnings ratio of 38.86, 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 quick ratio of 0.83 and a current ratio of 0.87. The stock’s fifty day moving average price is $225.30 and its two-hundred day moving average price is $212.22. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, topping 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 the consensus estimate of $88.64 billion. During the same quarter in the previous year, the company posted $1.40 earnings per share. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. On average, analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The firm also recently announced 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 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 is presently 15.78%.

Analyst Ratings Changes

Several research analysts recently commented on AAPL shares. Sanford C. Bernstein initiated coverage on shares of Apple in a report on Monday, September 15th. They issued an “outperform” rating and a $290.00 target price on the stock. Loop Capital dropped their price objective on Apple from $230.00 to $226.00 and set a “hold” rating on the stock in a research note on Thursday, August 21st. Raymond James Financial reissued an “outperform” rating and set a $240.00 price objective (up previously from $230.00) on shares of Apple in a research report on Friday, August 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a report on Friday, July 25th. Finally, Tigress Financial lifted their price target on Apple from $300.00 to $305.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, September 17th. Two research 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 issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $244.03.

Insider Transactions at Apple

In other news, SVP Deirdre O’brien sold 34,821 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $223.20, for a total value of $7,772,047.20. Following the transaction, 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 is available through this hyperlink. Insiders own 0.06% of the company’s stock.

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.