Physician Wealth Advisors Inc. Has $15.72 Million Stock Holdings in Apple Inc. $AAPL

Physician Wealth Advisors Inc. lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 0.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,639 shares of the iPhone maker’s stock after buying an additional 264 shares during the period. Apple comprises approximately 2.5% of Physician Wealth Advisors Inc.’s portfolio, making the stock its 12th biggest position. Physician Wealth Advisors Inc.’s holdings in Apple were worth $15,724,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Advanced Portfolio Management LLC raised its position in Apple by 0.3% in the 4th quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker’s stock worth $3,260,000 after purchasing an additional 47 shares during the last quarter. Salus Financial Advisors LLC raised its position in Apple by 3.9% in the 1st quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock worth $291,000 after purchasing an additional 49 shares during the last quarter. Sharpepoint LLC raised its position in Apple by 3.5% in the 1st quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker’s stock worth $322,000 after purchasing an additional 51 shares during the last quarter. Redwood Financial Network Corp raised its position in Apple by 0.6% in the 4th quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker’s stock worth $2,184,000 after purchasing an additional 53 shares during the last quarter. Finally, Mission Hills Financial Advisory LLC raised its position in Apple by 1.3% in the 1st quarter. Mission Hills Financial Advisory LLC now owns 4,016 shares of the iPhone maker’s stock worth $892,000 after purchasing an additional 53 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on AAPL shares. 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 report on Friday, September 19th. HSBC set a $220.00 target price on shares of Apple and gave the company a “hold” rating in a research report on Monday, September 8th. Citigroup reiterated a “buy” rating on shares of Apple in a research report on Wednesday, September 10th. Melius Research set a $290.00 target price on shares of Apple and gave the company a “buy” rating in a research report on Wednesday, September 10th. Finally, Rosenblatt Securities upped their target price on shares of Apple from $223.00 to $241.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.51.

Apple Price Performance

Shares of NASDAQ AAPL opened at $254.63 on Wednesday. The firm has a market cap of $3.78 trillion, a PE ratio of 38.64, a PEG ratio of 2.64 and a beta of 1.11. 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 1-year low of $169.21 and a 1-year high of $260.10. The company has a fifty day moving average price of $230.51 and a 200 day moving average price of $213.80.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.14. The firm 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 company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.40 EPS. Research analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business 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 dividend payout ratio is presently 15.78%.

Insiders Place Their Bets

In related news, SVP Deirdre O’brien sold 34,821 shares of the company’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 approximately $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 accessible through this link. Insiders own 0.06% of the company’s stock.

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.