Vantage Wealth Has $16.97 Million Position in Apple Inc. $AAPL

Vantage Wealth reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,719 shares of the iPhone maker’s stock after selling 3,562 shares during the period. Apple makes up about 3.8% of Vantage Wealth’s portfolio, making the stock its 22nd biggest holding. Vantage Wealth’s holdings in Apple were worth $16,971,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AAPL. Ryan Investment Management Inc. acquired a new position in Apple in the 2nd quarter valued at $31,000. ROSS JOHNSON & Associates LLC raised its holdings in 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 acquired a new position in Apple in the 4th quarter valued at $47,000. Elite Financial Inc. acquired a new position in Apple in the 1st quarter valued at $58,000. Finally, Conquis Financial LLC acquired a new position in Apple in the 4th quarter valued at $63,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Apple

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $30,508,538.40. This 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

Shares of AAPL opened at $254.43 on Tuesday. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $260.10. The business has a 50-day simple moving average of $229.71 and a two-hundred day simple moving average of $213.51. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The stock has a market cap of $3.78 trillion, a PE ratio of 38.61, a PEG ratio of 2.65 and a beta of 1.11.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) 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 business had revenue of $94.04 billion during the quarter, compared to analysts’ expectations of $88.64 billion. During the same quarter in the prior year, the firm earned $1.40 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. Analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple’s dividend payout ratio is presently 15.78%.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $266.00 price objective on shares of Apple in a report on Tuesday, August 26th. Moffett Nathanson raised Apple from a “sell” rating to a “neutral” rating and set a $225.00 price objective for the company in a report on Thursday, September 4th. Monness Crespi & Hardt lifted their price objective on Apple from $245.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. UBS Group reiterated a “neutral” rating on shares of Apple in a research note on Monday, September 8th. Finally, DA Davidson reiterated a “neutral” rating and issued a $250.00 price target on shares of Apple in a research note on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus target price of $245.66.

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.