Fischer Financial Services Inc. Acquires 371 Shares of Apple Inc. $AAPL

Fischer Financial Services Inc. grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 127,705 shares of the iPhone maker’s stock after purchasing an additional 371 shares during the period. Apple makes up approximately 7.7% of Fischer Financial Services Inc.’s investment portfolio, making the stock its 2nd largest holding. Fischer Financial Services Inc.’s holdings in Apple were worth $26,149,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AAPL. Kingstone Capital Partners Texas LLC increased its holdings in shares of Apple by 573,627.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock valued at $39,065,374,000 after purchasing an additional 205,656,808 shares during the period. Nuveen LLC acquired a new position in shares of Apple during the first quarter valued at $17,472,482,000. GAMMA Investing LLC increased its holdings in shares of Apple by 25,934.1% during the first quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker’s stock valued at $133,425,490,000 after purchasing an additional 59,835,676 shares during the period. Northern Trust Corp increased its holdings in shares of Apple by 13.3% during the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after purchasing an additional 20,079,472 shares during the period. Finally, Amundi increased its holdings in shares of Apple by 27.4% during the first quarter. Amundi now owns 68,190,569 shares of the iPhone maker’s stock valued at $13,870,795,000 after purchasing an additional 14,651,321 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on AAPL. DA Davidson reaffirmed a “neutral” rating and set a $250.00 target price on shares of Apple in a research note on Thursday, September 11th. Monness Crespi & Hardt increased their price target on Apple from $245.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. increased their price target on Apple from $255.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Tigress Financial increased their price objective on Apple from $300.00 to $305.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, September 17th. Finally, Seaport Res Ptn raised Apple to a “strong-buy” rating in a research note on Wednesday, October 1st. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $248.29.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 47,125 shares of Apple stock in a transaction on 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 completion of the transaction, the senior vice president owned 179,158 shares in the company, valued at approximately $46,005,982.82. The trade was a 20.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Deirdre O’brien sold 43,013 shares of Apple stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $257.39, for a total value of $11,071,116.07. Following the completion of the transaction, the senior vice president owned 136,687 shares of the company’s stock, valued at approximately $35,181,866.93. The trade was a 23.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 254,922 shares of company stock worth $64,320,190. 0.06% of the stock is currently owned by insiders.

Apple Price Performance

Shares of AAPL stock opened at $254.04 on Friday. The stock’s fifty day simple moving average is $236.75 and its 200 day simple moving average is $215.77. 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 market cap of $3.77 trillion, a price-to-earnings ratio of 38.55, a P/E/G 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 announced its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, beating the consensus estimate of $1.43 by $0.14. The business had revenue of $94.04 billion for the quarter, compared to analyst estimates of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.Apple’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.40 EPS. On average, analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were given a $0.26 dividend. 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 presently 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.