Game Plan Financial Advisors LLC Has $7.70 Million Stock Holdings in Apple Inc. $AAPL

Game Plan Financial Advisors LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 14.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 37,504 shares of the iPhone maker’s stock after selling 6,083 shares during the period. Apple comprises about 3.4% of Game Plan Financial Advisors LLC’s holdings, making the stock its 8th largest holding. Game Plan Financial Advisors LLC’s holdings in Apple were worth $7,695,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AAPL. Weaver Capital Management LLC boosted its holdings in shares of Apple by 7.0% during the 2nd quarter. Weaver Capital Management LLC now owns 31,225 shares of the iPhone maker’s stock valued at $6,406,000 after buying an additional 2,051 shares in the last quarter. Edge Financial Advisors LLC increased its stake in shares of Apple by 10.9% in the 2nd quarter. Edge Financial Advisors LLC now owns 30,334 shares of the iPhone maker’s stock worth $6,230,000 after acquiring an additional 2,973 shares in the last quarter. Leo Wealth LLC lifted its position in Apple by 93.5% during the 2nd quarter. Leo Wealth LLC now owns 133,850 shares of the iPhone maker’s stock valued at $27,449,000 after acquiring an additional 64,681 shares during the period. McElhenny Sheffield Capital Management LLC lifted its position in Apple by 4.9% during the 2nd quarter. McElhenny Sheffield Capital Management LLC now owns 22,018 shares of the iPhone maker’s stock valued at $4,517,000 after acquiring an additional 1,021 shares during the period. Finally, Wealth Advisors Northwest LLC boosted its stake in Apple by 8.6% during the second quarter. Wealth Advisors Northwest LLC now owns 8,440 shares of the iPhone maker’s stock worth $1,732,000 after acquiring an additional 671 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Stock Down 0.5%

Shares of AAPL stock opened at $269.05 on Tuesday. 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 $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 company has a 50 day simple moving average of $249.17 and a two-hundred day simple moving average of $222.85.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.11. Apple had a net margin of 24.30% and a return on equity of 170.91%. The company had revenue of $102.47 billion during the quarter, compared to analyst estimates of $101.65 billion. During the same period in the prior year, the firm posted $1.64 EPS. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, research analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Monday, November 10th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Apple’s payout ratio is presently 13.92%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AAPL. Phillip Securities lowered Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 price objective for the company. in a research report on Thursday, September 11th. JPMorgan Chase & Co. increased their target price on Apple from $290.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday. Jefferies Financial Group upgraded Apple from an “underperform” rating to a “hold” rating and raised their price target for the company from $203.07 to $246.99 in a report on Friday. Sanford C. Bernstein set a $325.00 price target on shares of Apple in a research note on Monday. Finally, Barclays raised their price objective on shares of Apple from $180.00 to $230.00 and gave the company an “underweight” rating in a research note on Friday. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $277.52.

Insider Transactions at Apple

In related news, CEO Timothy D. Cook sold 129,963 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total value of $33,375,798.03. Following the sale, the chief executive officer owned 3,280,295 shares in the company, valued at approximately $842,412,558.95. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kevan Parekh sold 4,199 shares of the 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 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 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 90 days. 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.