Apple Inc. $AAPL Stake Increased by Copperwynd Financial LLC

Copperwynd Financial LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 21.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,907 shares of the iPhone maker’s stock after buying an additional 10,955 shares during the quarter. Apple comprises 3.2% of Copperwynd Financial LLC’s portfolio, making the stock its 7th largest holding. Copperwynd Financial LLC’s holdings in Apple were worth $12,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Columbia Advisory Partners LLC lifted its holdings in shares of Apple by 7.7% in the 2nd quarter. Columbia Advisory Partners LLC now owns 5,800 shares of the iPhone maker’s stock worth $1,190,000 after acquiring an additional 416 shares during the last quarter. Armstrong Fleming & Moore Inc raised its position in Apple by 813.7% in the 2nd quarter. Armstrong Fleming & Moore Inc now owns 90,013 shares of the iPhone maker’s stock worth $18,468,000 after purchasing an additional 80,161 shares during the period. Fulton Breakefield Broenniman LLC boosted its position in Apple by 3.3% during the second quarter. Fulton Breakefield Broenniman LLC now owns 343,293 shares of the iPhone maker’s stock valued at $70,433,000 after buying an additional 10,870 shares during the period. Allegiance Financial Group Advisory Services LLC boosted its position in Apple by 2.0% during the second quarter. Allegiance Financial Group Advisory Services LLC now owns 14,494 shares of the iPhone maker’s stock valued at $2,974,000 after buying an additional 286 shares during the period. Finally, Columbus Macro LLC increased its holdings in shares of Apple by 6.0% in the second quarter. Columbus Macro LLC now owns 33,156 shares of the iPhone maker’s stock worth $6,803,000 after buying an additional 1,887 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Trading Down 0.5%

NASDAQ AAPL opened at $269.05 on Tuesday. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $277.32. The stock has a market cap of $3.99 trillion, a P/E ratio of 40.83, a P/E/G ratio of 2.62 and a beta of 1.09. The stock’s fifty day moving average price is $249.17 and its 200-day moving average price is $222.85. 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 (NASDAQ:AAPL) last posted its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.11. The business had revenue of $102.47 billion during the quarter, compared to analyst estimates of $101.65 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.64 EPS. As a group, equities analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Monday, November 10th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, November 10th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple’s payout ratio is 13.92%.

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 43,013 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the completion of the transaction, the senior vice president directly owned 136,687 shares in the company, valued at approximately $35,181,866.93. The trade was a 23.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kevan Parekh sold 4,199 shares of the firm’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the sale, the chief financial officer owned 8,765 shares in the company, valued at $2,168,373.35. The trade was a 32.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 259,121 shares of company stock worth $65,358,981. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AAPL shares. UBS Group lifted their price target on Apple from $220.00 to $280.00 and gave the stock a “neutral” rating in a research note on Friday. Loop Capital upgraded shares of Apple from a “hold” rating to a “buy” rating and raised their target price for the stock from $226.00 to $315.00 in a report on Monday, October 20th. Wall Street Zen upgraded shares of Apple from a “hold” rating to a “buy” rating in a report on Saturday. Cowen reissued a “buy” rating on shares of Apple in a report on Monday, October 27th. Finally, Melius boosted their price objective on shares of Apple from $290.00 to $345.00 and gave the company a “buy” rating in a research report on Friday. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $277.52.

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.