Apple Inc. $AAPL Shares Acquired by Grant Private Wealth Management Inc

Grant Private Wealth Management Inc raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 53.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,265 shares of the iPhone maker’s stock after purchasing an additional 9,470 shares during the period. Apple accounts for 3.2% of Grant Private Wealth Management Inc’s portfolio, making the stock its 9th largest position. Grant Private Wealth Management Inc’s holdings in Apple were worth $5,594,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Kingstone Capital Partners Texas LLC increased its position in Apple by 573,627.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock worth $39,065,374,000 after purchasing an additional 205,656,808 shares during the last quarter. Norges Bank acquired a new position in Apple during the fourth quarter worth approximately $46,868,648,000. Nuveen LLC acquired a new position in Apple during the first quarter worth approximately $17,472,482,000. GAMMA Investing LLC increased its position 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 worth $133,425,490,000 after purchasing an additional 59,835,676 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Apple by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker’s stock worth $349,532,608,000 after purchasing an additional 49,168,843 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $266.00 price target on shares of Apple in a research report on Tuesday, August 26th. Moffett Nathanson upgraded shares of Apple from a “sell” rating to a “neutral” rating and set a $225.00 price objective for the company in a research note on Thursday, September 4th. Loop Capital decreased their price objective 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. Citigroup reiterated a “buy” rating on shares of Apple in a research note on Wednesday, September 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Apple from $255.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Two equities research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $245.66.

Insider Buying and Selling

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the transaction, the senior vice president directly owned 136,687 shares in the company, valued at $30,508,538.40. This represents a 20.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.06% of the stock is owned by company insiders.

Apple Price Performance

Shares of AAPL stock opened at $254.43 on Tuesday. The company has a market capitalization of $3.78 trillion, a PE ratio of 38.61, a price-to-earnings-growth ratio of 2.65 and a beta of 1.11. The firm has a fifty day simple moving average of $229.71 and a 200-day simple moving average of $213.51. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL) last posted 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. Apple had a net margin of 24.30% and a return on equity of 170.91%. The firm had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. During the same period in the prior year, the firm posted $1.40 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. Equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple’s dividend payout ratio is 15.78%.

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.