Apple Inc. $AAPL Shares Acquired by Axis Wealth Partners LLC

Axis Wealth Partners LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,910 shares of the iPhone maker’s stock after purchasing an additional 550 shares during the period. Apple comprises about 1.5% of Axis Wealth Partners LLC’s portfolio, making the stock its 20th largest holding. Axis Wealth Partners LLC’s holdings in Apple were worth $2,238,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Ryan Investment Management Inc. bought a new position in Apple during the 2nd quarter worth $31,000. ROSS JOHNSON & Associates LLC lifted its stake in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after buying an additional 180 shares during the last quarter. Life Planning Partners Inc acquired a new position in shares of Apple during the fourth quarter valued at $47,000. Elite Financial Inc. bought a new position in shares of Apple during the first quarter worth about $58,000. Finally, Conquis Financial LLC acquired a new stake in shares of Apple in the 4th quarter worth about $63,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Apple

In other Apple news, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total value of $12,101,228.75. Following the transaction, the senior vice president owned 179,158 shares in the company, valued at $46,005,982.82. The trade was a 20.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Timothy D. Cook sold 129,963 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 3,280,295 shares in the company, valued at approximately $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. Over the last ninety days, insiders have sold 254,922 shares of company stock valued at $64,320,190. 0.06% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on AAPL. Wedbush set a $310.00 target price on shares of Apple and gave the company an “outperform” rating in a research note on Monday, September 22nd. Morgan Stanley set a $298.00 price target on Apple and gave the company an “overweight” rating in a report on Thursday. Sanford C. Bernstein initiated coverage on Apple in a research report on Monday, September 15th. They set an “outperform” rating and a $290.00 price objective for the company. Phillip Securities lowered Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 price objective for the company. in a report on Thursday, September 11th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $240.00 target price (up previously from $230.00) on shares of Apple in a research note on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $247.49.

Apple Trading Up 0.3%

NASDAQ:AAPL opened at $258.02 on Monday. The stock has a market cap of $3.83 trillion, a PE ratio of 39.15, a price-to-earnings-growth ratio of 2.51 and a beta of 1.09. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The stock’s 50-day moving average is $233.09 and its two-hundred day moving average is $214.69.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS 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 business had revenue of $94.04 billion during the quarter, compared to analysts’ expectations of $88.64 billion. During the same period last year, the company posted $1.40 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, equities research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

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