B.O.S.S. Retirement Advisors LLC Acquires 1,077 Shares of Apple Inc. $AAPL

B.O.S.S. Retirement Advisors LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 6.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,722 shares of the iPhone maker’s stock after purchasing an additional 1,077 shares during the period. Apple makes up approximately 0.9% of B.O.S.S. Retirement Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. B.O.S.S. Retirement Advisors LLC’s holdings in Apple were worth $3,431,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AAPL. Ryan Investment Management Inc. bought a new stake in Apple in the second quarter worth about $31,000. ROSS JOHNSON & Associates LLC raised its stake in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 180 shares in the last quarter. Elite Financial Inc. bought a new stake in shares of Apple during the first quarter valued at approximately $58,000. LSV Asset Management bought a new stake in shares of Apple during the fourth quarter valued at approximately $65,000. Finally, HFM Investment Advisors LLC bought a new stake in shares of Apple during the first quarter valued at approximately $99,000. Institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AAPL. Citigroup reaffirmed a “buy” rating on shares of Apple in a research note on Wednesday, September 10th. DA Davidson reaffirmed a “neutral” rating and set a $250.00 price target on shares of Apple in a research note on Thursday, September 11th. UBS Group reaffirmed a “neutral” rating on shares of Apple in a research note on Monday, September 8th. Raymond James Financial reaffirmed an “outperform” rating and set a $240.00 price target (up previously from $230.00) on shares of Apple in a research note on Friday, August 1st. Finally, CLSA raised shares of Apple to a “strong-buy” rating in a research note on Sunday, October 5th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $251.47.

Apple Price Performance

NASDAQ AAPL opened at $262.24 on Tuesday. The firm’s fifty day simple moving average is $241.83 and its two-hundred day simple moving average is $217.42. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $264.38. The firm has a market capitalization of $3.89 trillion, a P/E ratio of 39.79, a P/E/G ratio of 2.46 and a beta of 1.09.

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, 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 for the quarter, compared to analyst estimates of $88.64 billion. During the same period in the previous year, the company earned $1.40 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

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

Insider Activity

In other Apple news, 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 transaction, the senior vice president directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $12,101,228.75. Following the completion of the transaction, the senior vice president directly owned 179,158 shares in the company, 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 a total of 259,121 shares of company stock valued at $65,358,981 over the last three months. Company insiders own 0.06% of the company’s stock.

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.