Apple Inc. $AAPL Shares Purchased by AdviceOne Advisory Services LLC

AdviceOne Advisory Services LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,713 shares of the iPhone maker’s stock after purchasing an additional 514 shares during the period. Apple makes up about 2.1% of AdviceOne Advisory Services LLC’s investment portfolio, making the stock its 5th biggest holding. AdviceOne Advisory Services LLC’s holdings in Apple were worth $2,814,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Avid Wealth Partners LLC increased its holdings in Apple by 28.3% during the first quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock worth $935,000 after buying an additional 930 shares during the last quarter. Bell & Brown Wealth Advisors LLC grew its position in shares of Apple by 0.4% in the 1st quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock valued at $13,772,000 after acquiring an additional 240 shares during the period. American National Bank & Trust grew its position in shares of Apple by 2.4% in the 2nd quarter. American National Bank & Trust now owns 195,482 shares of the iPhone maker’s stock valued at $40,107,000 after acquiring an additional 4,543 shares during the period. Andina Capital Management LLC increased its stake in shares of Apple by 209.2% during the 1st quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock worth $1,507,000 after purchasing an additional 4,591 shares during the last quarter. Finally, Plum Street Advisors LLC raised its holdings in shares of Apple by 4.0% in the 1st quarter. Plum Street Advisors LLC now owns 7,889 shares of the iPhone maker’s stock valued at $1,752,000 after purchasing an additional 301 shares during the period. 67.73% of the stock is owned by institutional investors.

Insider Activity at Apple

In other Apple news, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction that occurred 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 directly owned 8,765 shares of the company’s stock, valued at $2,168,373.35. The trade was a 32.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Deirdre O’brien sold 43,013 shares of the business’s stock in a transaction 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 sale, the senior vice president directly owned 136,687 shares in the company, valued at approximately $35,181,866.93. This represents a 23.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 224,300 shares of company stock valued at $57,586,933 in the last quarter. 0.06% of the stock is owned by company insiders.

Apple Trading Down 0.5%

Shares of Apple stock opened at $268.47 on Friday. The firm’s 50-day moving average price is $252.25 and its two-hundred day moving average price is $224.54. The company has a market capitalization of $3.98 trillion, a price-to-earnings ratio of 40.74, a PEG ratio of 2.62 and a beta of 1.08. The company has a quick ratio of 0.83, a current ratio of 0.87 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.

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

Apple Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. UBS Group boosted their price target on Apple from $220.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Apple in a report on Wednesday, October 8th. Phillip Securities cut Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 price target on the stock. in a research note on Thursday, September 11th. Jefferies Financial Group raised shares of Apple from an “underperform” rating to a “hold” rating and lifted their price objective for the stock from $203.07 to $246.99 in a research report on Friday, October 31st. Finally, Citigroup reissued a “buy” rating and issued a $315.00 price objective (up from $245.00) on shares of Apple in a research report on Friday, October 31st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $278.22.

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.