Foster Victor Wealth Advisors LLC Has $13.62 Million Holdings in Apple Inc. $AAPL

Foster Victor Wealth Advisors LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,511 shares of the iPhone maker’s stock after purchasing an additional 3,455 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Apple were worth $13,621,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Ryan Investment Management Inc. acquired a new position in Apple in the second quarter valued at $31,000. ROSS JOHNSON & Associates LLC lifted its holdings 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 period. Elite Financial Inc. acquired a new position in Apple in the first quarter valued at $58,000. Conquis Financial LLC acquired a new position in Apple in the fourth quarter valued at $63,000. Finally, LSV Asset Management acquired a new position in Apple in the fourth quarter valued at $65,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling

In related news, CEO Timothy D. Cook sold 129,963 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Deirdre O’brien sold 43,013 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the transaction, the senior vice president owned 136,687 shares in the company, valued at approximately $35,181,866.93. This trade represents a 23.94% 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 worth $64,320,190. 0.06% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several recent analyst reports. Loop Capital dropped their target price on shares of Apple from $230.00 to $226.00 and set a “hold” rating on the stock in a report on Thursday, August 21st. Citigroup restated a “buy” rating on shares of Apple in a report on Wednesday, September 10th. Moffett Nathanson raised shares of Apple from a “sell” rating to a “neutral” rating and set a $225.00 price target for the company in a research note on Thursday, September 4th. Seaport Res Ptn raised shares of Apple to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Jefferies Financial Group downgraded shares of Apple from a “hold” rating to an “underperform” rating and decreased their price target for the company from $205.82 to $205.16 in a research note on Friday. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $247.49.

Apple Trading Down 0.5%

NASDAQ:AAPL opened at $256.69 on Tuesday. 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 firm has a 50-day moving average of $233.94 and a 200-day moving average of $214.96. The company has a market cap of $3.81 trillion, a PE ratio of 38.95, a PEG ratio of 2.51 and a beta of 1.09. Apple Inc. has a one year low of $169.21 and a one year high of $260.10.

Apple (NASDAQ:AAPL) last posted its 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 company had revenue of $94.04 billion during the quarter, compared to the consensus estimate of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 earnings per share. As a group, equities research analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

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

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.