Apple Inc. $AAPL Stock Holdings Increased by Avantra Family Wealth Inc.

Avantra Family Wealth Inc. raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,553 shares of the iPhone maker’s stock after acquiring an additional 1,191 shares during the period. Apple makes up approximately 4.8% of Avantra Family Wealth Inc.’s holdings, making the stock its 2nd biggest holding. Avantra Family Wealth Inc.’s holdings in Apple were worth $5,858,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Salus Financial Advisors LLC grew its holdings in Apple by 3.9% during the first quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock worth $291,000 after acquiring an additional 49 shares during the period. Red Tortoise LLC grew its holdings in Apple by 0.9% during the second quarter. Red Tortoise LLC now owns 5,717 shares of the iPhone maker’s stock worth $1,173,000 after acquiring an additional 49 shares during the period. SigFig Wealth Management LLC grew its holdings in Apple by 2.8% during the second quarter. SigFig Wealth Management LLC now owns 1,830 shares of the iPhone maker’s stock worth $368,000 after acquiring an additional 50 shares during the period. Sharpepoint LLC grew its holdings in Apple by 3.5% during the first quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker’s stock worth $322,000 after acquiring an additional 51 shares during the period. Finally, Redwood Financial Network Corp grew its holdings in Apple by 0.6% during the fourth quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker’s stock worth $2,184,000 after acquiring an additional 53 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Timothy D. Cook sold 129,963 shares of Apple stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the transaction, the chief executive officer owned 3,280,295 shares in the company, valued at approximately $842,412,558.95. This trade represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kevan Parekh sold 4,199 shares of Apple stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $247.39, for a total value of $1,038,790.61. Following the completion of the sale, the chief financial officer owned 8,765 shares in the company, valued at $2,168,373.35. This represents a 32.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 259,121 shares of company stock worth $65,358,981. 0.06% of the stock is owned by corporate insiders.

Apple Stock Performance

Shares of Apple stock opened at $269.70 on Thursday. Apple Inc. has a one year low of $169.21 and a one year high of $271.41. The company has a market cap of $4.00 trillion, a price-to-earnings ratio of 40.93, a PEG ratio of 2.61 and a beta of 1.09. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The business’s 50 day moving average price is $246.55 and its 200 day moving average price is $221.19.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.14. Apple had a return on equity of 170.91% and a net margin of 24.30%.The firm had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. During the same quarter last year, the business posted $1.40 earnings per share. The firm’s revenue was up 9.6% compared to the same quarter last year. On average, research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Apple from $280.00 to $290.00 and gave the stock an “overweight” rating in a report on Monday. CLSA raised Apple to a “strong-buy” rating in a report on Sunday, October 5th. UBS Group reissued a “neutral” rating on shares of Apple in a report on Monday, September 8th. Morgan Stanley set a $298.00 price objective on Apple and gave the company an “overweight” rating in a report on Thursday, October 2nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Apple in a report on Friday, July 25th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $255.49.

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.