Krilogy Financial LLC Has $48.34 Million Position in Apple Inc. $AAPL

Krilogy Financial LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 6.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 235,587 shares of the iPhone maker’s stock after buying an additional 13,954 shares during the period. Apple accounts for 2.8% of Krilogy Financial LLC’s holdings, making the stock its 7th biggest holding. Krilogy Financial LLC’s holdings in Apple were worth $48,335,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AAPL. ROSS JOHNSON & Associates LLC increased its stake in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 180 shares in the last quarter. Life Planning Partners Inc bought a new stake in Apple in the fourth quarter valued at $47,000. Elite Financial Inc. acquired a new position in shares of Apple during the first quarter valued at about $58,000. Conquis Financial LLC acquired a new position in shares of Apple during the fourth quarter valued at about $63,000. Finally, LSV Asset Management acquired a new position in shares of Apple during the fourth quarter valued at about $65,000. Institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of research analyst reports. Moffett Nathanson raised Apple from a “sell” rating to a “neutral” rating and set a $225.00 target price for the company in a research report on Thursday, September 4th. HSBC set a $220.00 price objective on Apple and gave the company a “hold” rating in a report on Monday, September 8th. JPMorgan Chase & Co. boosted their price objective on Apple from $255.00 to $280.00 and gave the company an “overweight” rating in a report on Friday. Needham & Company LLC restated a “hold” rating on shares of Apple in a research note on Friday, July 25th. Finally, Loop Capital decreased their price target on shares of Apple from $230.00 to $226.00 and set a “hold” rating for the company in a research note on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $244.03.

Insider Buying and Selling

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the firm’s stock in a transaction on 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 completion of the transaction, the senior vice president directly owned 136,687 shares of the company’s stock, valued at $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 at this link. 0.06% of the stock is currently owned by insiders.

Apple Price Performance

Apple stock opened at $256.08 on Tuesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The firm has a market capitalization of $3.80 trillion, a P/E ratio of 38.86, a PEG ratio of 2.55 and a beta of 1.11. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The business has a fifty day moving average price of $225.30 and a 200-day moving average price of $212.22.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share 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 business had revenue of $94.04 billion during the quarter, compared to analyst estimates of $88.64 billion. During the same quarter in the previous year, the firm earned $1.40 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current 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 issued a $0.26 dividend. 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 presently 15.78%.

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.