Apple Inc. $AAPL Holdings Raised by RVW Wealth LLC

RVW Wealth LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 0.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,008 shares of the iPhone maker’s stock after purchasing an additional 152 shares during the quarter. Apple comprises about 2.2% of RVW Wealth LLC’s portfolio, making the stock its 12th biggest holding. RVW Wealth LLC’s holdings in Apple were worth $25,648,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Ryan Investment Management Inc. acquired a new stake in Apple in the second quarter worth approximately $31,000. ROSS JOHNSON & Associates LLC raised its stake in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after buying an additional 180 shares in the last quarter. Elite Financial Inc. acquired a new stake in shares of Apple in the first quarter valued at $58,000. Conquis Financial LLC acquired a new stake in shares of Apple in the fourth quarter valued at $63,000. Finally, LSV Asset Management bought a new position in Apple during the fourth quarter valued at about $65,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

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 firm’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 sale, the chief executive officer directly owned 3,280,295 shares of the company’s stock, valued at $842,412,558.95. This trade represents 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.

Analyst Upgrades and Downgrades

Several brokerages have commented on AAPL. Morgan Stanley set a $298.00 price target on shares of Apple and gave the stock an “overweight” rating in a research report on Thursday. Citigroup reaffirmed a “buy” rating on shares of Apple in a research note on Wednesday, September 10th. Phillip Securities lowered shares of Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 target price for the company. in a research note on Thursday, September 11th. BMO Capital Markets restated a “buy” rating on shares of Apple in a report on Wednesday, August 13th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Apple in a research report on Saturday, September 27th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $247.49.

Apple Price Performance

Shares of AAPL opened at $256.69 on Tuesday. The business’s 50-day moving average is $233.94 and its 200-day moving average is $214.96. 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 company has a market capitalization of $3.81 trillion, a price-to-earnings ratio of 38.95, a P/E/G 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.

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. The business had revenue of $94.04 billion during the quarter, compared to analysts’ expectations of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company posted $1.40 earnings per share. Equities research analysts expect that Apple Inc. will post 7.28 EPS 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%.

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.