My Legacy Advisors LLC Purchases 930 Shares of Apple Inc. $AAPL

My Legacy Advisors LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 2.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 39,178 shares of the iPhone maker’s stock after purchasing an additional 930 shares during the period. Apple accounts for approximately 3.0% of My Legacy Advisors LLC’s portfolio, making the stock its 4th biggest holding. My Legacy Advisors LLC’s holdings in Apple were worth $8,322,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AAPL. Ryan Investment Management Inc. purchased a new position in shares of Apple during the 2nd quarter worth $31,000. ROSS JOHNSON & Associates LLC increased its stake in Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after buying an additional 180 shares during the period. Life Planning Partners Inc purchased a new stake in Apple during the 4th quarter worth approximately $47,000. Elite Financial Inc. purchased a new stake in Apple during the 1st quarter worth approximately $58,000. Finally, Conquis Financial LLC purchased a new stake in Apple during the 4th quarter worth approximately $63,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Price Performance

Apple stock opened at $255.46 on Monday. The business has a 50 day simple moving average of $228.87 and a 200-day simple moving average of $213.22. The stock has a market capitalization of $3.79 trillion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 2.65 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 12 month low of $169.21 and a 12 month high of $260.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.14. The firm had revenue of $94.04 billion during the quarter, compared to analysts’ expectations of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.Apple’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.40 earnings per share. Equities analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were given a $0.26 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s dividend payout ratio (DPR) is currently 15.78%.

Analysts Set New Price Targets

AAPL has been the subject of a number of analyst reports. Barclays boosted their price objective on Apple from $173.00 to $180.00 and gave the stock an “underweight” rating in a research report on Friday, August 1st. UBS Group reaffirmed a “neutral” rating on shares of Apple in a report on Monday, September 8th. BMO Capital Markets reaffirmed a “buy” rating on shares of Apple in a report on Wednesday, August 13th. Melius Research set a $290.00 price target on Apple and gave the company a “buy” rating in a report on Wednesday, September 10th. Finally, HSBC set a $220.00 price target on Apple and gave the company a “hold” rating in a report on Monday, September 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $245.66.

Insider Buying and Selling at Apple

In other news, SVP Deirdre O’brien sold 34,821 shares of the firm’s stock in a transaction 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 transaction, the senior vice president owned 136,687 shares in the company, valued at $30,508,538.40. This trade represents a 20.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

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.