Tounjian Advisory Partners LLC Has $25.23 Million Position in Apple Inc. $AAPL

Tounjian Advisory Partners LLC cut its holdings in Apple Inc. (NASDAQ:AAPL) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,598 shares of the iPhone maker’s stock after selling 2,120 shares during the period. Apple makes up 4.5% of Tounjian Advisory Partners LLC’s investment portfolio, making the stock its 3rd biggest holding. Tounjian Advisory Partners LLC’s holdings in Apple were worth $25,234,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Mirador Capital Partners LP boosted its holdings in Apple by 2.4% in the second quarter. Mirador Capital Partners LP now owns 112,648 shares of the iPhone maker’s stock worth $23,112,000 after purchasing an additional 2,605 shares in the last quarter. David J Yvars Group lifted its position in Apple by 1.2% during the 2nd quarter. David J Yvars Group now owns 21,626 shares of the iPhone maker’s stock worth $4,437,000 after acquiring an additional 251 shares during the last quarter. Lifelong Wealth Advisors Inc. lifted its position in Apple by 6.9% during the 2nd quarter. Lifelong Wealth Advisors Inc. now owns 6,918 shares of the iPhone maker’s stock worth $1,419,000 after acquiring an additional 444 shares during the last quarter. Aaron Wealth Advisors LLC lifted its position in Apple by 6.4% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 113,152 shares of the iPhone maker’s stock worth $23,215,000 after acquiring an additional 6,843 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. lifted its position in Apple by 32.2% during the 2nd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 143,512 shares of the iPhone maker’s stock worth $29,444,000 after acquiring an additional 34,978 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AAPL shares. Raymond James Financial reissued an “outperform” rating and set a $240.00 target price (up previously from $230.00) on shares of Apple in a research report on Friday, August 1st. The Goldman Sachs Group reissued a “buy” rating and set a $266.00 target price on shares of Apple in a research report on Tuesday, August 26th. DA Davidson reissued a “neutral” rating and set a $250.00 target price on shares of Apple in a research report on Thursday, September 11th. Jefferies Financial Group boosted their target price on shares of Apple from $190.67 to $205.82 and gave the stock a “hold” rating in a research report on Monday, September 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Apple in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average target price of $244.66.

Insiders Place Their Bets

In related news, SVP Deirdre O’brien sold 34,821 shares of the company’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 sale, 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 legal filing with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by insiders.

Apple Stock Down 0.8%

Shares of AAPL opened at $252.31 on Thursday. The company has a 50-day simple moving average of $227.04 and a 200-day simple moving average of $212.78. The firm has a market capitalization of $3.74 trillion, a P/E ratio of 38.29, a P/E/G ratio of 2.64 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. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 24.30% and a return on equity of 170.91%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.40 earnings per share. On average, equities research analysts expect 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 $0.26 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Apple’s payout ratio 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.