Roberts Wealth Advisors LLC Has $19.03 Million Stock Position in Apple Inc. $AAPL

Roberts Wealth Advisors LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,733 shares of the iPhone maker’s stock after selling 493 shares during the quarter. Apple makes up approximately 5.5% of Roberts Wealth Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Roberts Wealth Advisors LLC’s holdings in Apple were worth $19,026,000 as of its most recent filing with the Securities and Exchange Commission.

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

Apple Stock Up 0.3%

AAPL stock opened at $269.70 on Thursday. Apple Inc. has a 12 month low of $169.21 and a 12 month 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 current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The firm has a 50-day moving average of $246.55 and a two-hundred day moving average of $221.19.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share 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 company had revenue of $94.04 billion for the quarter, compared to analyst estimates of $88.64 billion. During the same quarter in the previous year, the company posted $1.40 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AAPL has been the subject of several research reports. Robert W. Baird upped their price target on shares of Apple from $230.00 to $280.00 and gave the stock an “outperform” rating in a research report on Tuesday. Morgan Stanley set a $298.00 target price on Apple and gave the stock an “overweight” rating in a report on Thursday, October 2nd. The Goldman Sachs Group set a $279.00 price target on Apple and gave the company a “buy” rating in a report on Tuesday, October 21st. Rosenblatt Securities raised their price objective on Apple from $223.00 to $241.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $290.00 target price on shares of Apple in a report on Wednesday. Four research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $255.49.

Insider Activity

In other Apple news, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 8,765 shares in the company, valued at $2,168,373.35. The trade was a 32.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Katherine L. Adams sold 47,125 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president owned 179,158 shares of the company’s stock, valued at $46,005,982.82. This represents a 20.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 259,121 shares of company stock valued at $65,358,981 over the last three months. 0.06% of the stock is currently owned by company insiders.

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.