BlueSky Wealth Advisors LLC Grows Position in Apple Inc. $AAPL

BlueSky Wealth Advisors LLC increased its holdings in Apple Inc. (NASDAQ:AAPL) by 5.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,035 shares of the iPhone maker’s stock after acquiring an additional 451 shares during the quarter. BlueSky Wealth Advisors LLC’s holdings in Apple were worth $1,854,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AAPL. Kingstone Capital Partners Texas LLC lifted its stake in Apple by 573,627.2% in 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 acquiring an additional 205,656,808 shares during the period. Norges Bank bought a new position in Apple in the fourth quarter worth about $46,868,648,000. Nuveen LLC bought a new position in Apple in the first quarter worth about $17,472,482,000. GAMMA Investing LLC raised its holdings in Apple by 25,934.1% in 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 in the last quarter. Finally, Northern Trust Corp raised its holdings in Apple by 13.3% in the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock worth $42,918,365,000 after purchasing an additional 20,079,472 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Deirdre O’brien sold 34,821 shares of the stock in a transaction that occurred 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 transaction, the senior vice president owned 136,687 shares in the company, valued at approximately $30,508,538.40. This represents a 20.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $257.13 on Friday. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10. The company’s 50 day moving average is $232.20 and its 200 day moving average is $214.38. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The company has a market cap of $3.82 trillion, a PE ratio of 39.02, a price-to-earnings-growth ratio of 2.48 and a beta of 1.09.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.14. Apple had a net margin of 24.30% and a return on equity of 170.91%. The company had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. During the same quarter in the prior year, the company earned $1.40 EPS. Apple’s quarterly revenue was up 9.6% on a year-over-year basis. On average, sell-side analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple’s dividend payout ratio is 15.78%.

Analyst Ratings Changes

A number of equities analysts have commented on AAPL shares. HSBC set a $220.00 target price on shares of Apple and gave the stock a “hold” rating in a report on Monday, September 8th. DA Davidson reiterated a “neutral” rating and issued a $250.00 target price on shares of Apple in a report on Thursday, September 11th. Loop Capital reduced their target price on shares of Apple from $230.00 to $226.00 and set a “hold” rating for the company in a report on Thursday, August 21st. Melius Research set a $290.00 target price on shares of Apple and gave the stock a “buy” rating in a report on Wednesday, September 10th. Finally, Evercore ISI set a $290.00 target price on shares of Apple and gave the stock an “outperform” rating in a report on Friday, September 26th. Two 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $247.51.

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.