FORM Wealth Advisors LLC Has $2.75 Million Stock Holdings in Apple Inc. $AAPL

FORM Wealth Advisors LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 1.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,382 shares of the iPhone maker’s stock after buying an additional 194 shares during the quarter. Apple makes up about 0.3% of FORM Wealth Advisors LLC’s portfolio, making the stock its 19th biggest position. FORM Wealth Advisors LLC’s holdings in Apple were worth $2,746,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Oak Capital LLC raised its position in Apple by 77.5% in the 2nd quarter. Blue Oak Capital LLC now owns 8,635 shares of the iPhone maker’s stock valued at $1,772,000 after buying an additional 3,771 shares during the last quarter. Legend Financial Advisors Inc. raised its position in Apple by 40.6% in the 2nd quarter. Legend Financial Advisors Inc. now owns 11,211 shares of the iPhone maker’s stock valued at $2,300,000 after buying an additional 3,237 shares during the last quarter. CX Institutional raised its position in Apple by 9.6% in the 2nd quarter. CX Institutional now owns 208,224 shares of the iPhone maker’s stock valued at $42,721,000 after buying an additional 18,246 shares during the last quarter. American National Bank & Trust raised its position in Apple by 2.4% in the 2nd quarter. American National Bank & Trust now owns 195,482 shares of the iPhone maker’s stock valued at $40,107,000 after buying an additional 4,543 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG raised its position in Apple by 6.1% in the 2nd quarter. Bank Pictet & Cie Europe AG now owns 315,639 shares of the iPhone maker’s stock valued at $64,760,000 after buying an additional 18,033 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Bank of America lifted their target price on Apple from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. JPMorgan Chase & Co. raised their price target on Apple from $255.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. BMO Capital Markets restated a “buy” rating on shares of Apple in a research note on Wednesday, August 13th. Sanford C. Bernstein started coverage on Apple in a research note on Monday, September 15th. They issued an “outperform” rating and a $290.00 price target for the company. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $266.00 price target on shares of Apple in a research note on Tuesday, August 26th. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $248.29.

Apple Stock Performance

AAPL opened at $245.27 on Friday. The business has a fifty day simple moving average of $237.61 and a 200 day simple moving average of $215.92. The company has a market capitalization of $3.64 trillion, a PE ratio of 37.22, a price-to-earnings-growth ratio of 2.47 and a beta of 1.09. Apple Inc. has a 1 year low of $169.21 and a 1 year 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.

Apple (NASDAQ:AAPL) last released its quarterly earnings results 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 business had revenue of $94.04 billion during 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 firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 EPS. Research analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

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

Insider Buying and Selling at Apple

In other Apple news, SVP Deirdre O’brien sold 43,013 shares of Apple stock in a transaction on Thursday, October 2nd. The stock was 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 directly owned 136,687 shares of the company’s stock, valued at $35,181,866.93. The trade was a 23.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Katherine L. Adams sold 47,125 shares of Apple stock in a transaction on Thursday, October 2nd. The shares were 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 directly owned 179,158 shares of the company’s stock, valued at $46,005,982.82. This represents a 20.83% 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. Corporate insiders own 0.06% of the company’s stock.

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.