Focused Wealth Management Inc Acquires 713 Shares of Apple Inc. $AAPL

Focused Wealth Management Inc raised its holdings in Apple Inc. (NASDAQ:AAPL) by 0.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 106,605 shares of the iPhone maker’s stock after purchasing an additional 713 shares during the period. Apple comprises 2.6% of Focused Wealth Management Inc’s holdings, making the stock its 9th largest position. Focused Wealth Management Inc’s holdings in Apple were worth $21,872,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Hofer & Associates. Inc grew its holdings in Apple by 0.3% in the second quarter. Hofer & Associates. Inc now owns 23,749 shares of the iPhone maker’s stock valued at $4,873,000 after purchasing an additional 65 shares during the period. Bank of Stockton boosted its stake in shares of Apple by 0.6% in the second quarter. Bank of Stockton now owns 41,793 shares of the iPhone maker’s stock worth $8,575,000 after acquiring an additional 251 shares during the last quarter. ACT Advisors LLC. boosted its stake in shares of Apple by 0.8% in the second quarter. ACT Advisors LLC. now owns 8,315 shares of the iPhone maker’s stock worth $1,706,000 after acquiring an additional 64 shares during the last quarter. Bfsg LLC boosted its stake in shares of Apple by 1.1% in the second quarter. Bfsg LLC now owns 85,418 shares of the iPhone maker’s stock worth $17,525,000 after acquiring an additional 954 shares during the last quarter. Finally, Optima Capital LLC boosted its stake in shares of Apple by 13.9% in the second quarter. Optima Capital LLC now owns 5,802 shares of the iPhone maker’s stock worth $1,190,000 after acquiring an additional 709 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the completion of the transaction, the senior vice president directly owned 179,158 shares of the company’s stock, valued at $46,005,982.82. The trade was a 20.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 129,963 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total value of $33,375,798.03. Following the transaction, the chief executive officer directly owned 3,280,295 shares of the company’s stock, valued at $842,412,558.95. The trade was a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 254,922 shares of company stock valued at $64,320,190 in the last three months. 0.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Moffett Nathanson raised Apple from a “sell” rating to a “neutral” rating and set a $225.00 price target on the stock in a research note on Thursday, September 4th. Tigress Financial lifted their price target on Apple from $300.00 to $305.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, September 17th. Seaport Res Ptn raised Apple to a “strong-buy” rating in a research note on Wednesday. Loop Capital lowered their price target on Apple from $230.00 to $226.00 and set a “hold” rating on the stock in a research note on Thursday, August 21st. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $250.00 price target on shares of Apple in a research note on Thursday, September 11th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $247.49.

Apple Price Performance

AAPL stock opened at $258.02 on Friday. 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 capitalization of $3.83 trillion, a PE ratio of 39.15, a P/E/G ratio of 2.50 and a beta of 1.09. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $260.10. The business’s fifty day moving average price is $233.09 and its 200 day moving average price is $214.69.

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

Apple Announces Dividend

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 dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple’s payout ratio is presently 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.