Apple Inc. $AAPL is Bell & Brown Wealth Advisors LLC’s 2nd Largest Position

Bell & Brown Wealth Advisors LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,340 shares of the iPhone maker’s stock after purchasing an additional 339 shares during the quarter. Apple makes up 4.6% of Bell & Brown Wealth Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Bell & Brown Wealth Advisors LLC’s holdings in Apple were worth $12,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Kondo Wealth Advisors Inc. lifted its stake in Apple by 4.0% in the second quarter. Kondo Wealth Advisors Inc. now owns 12,533 shares of the iPhone maker’s stock worth $2,605,000 after acquiring an additional 482 shares during the last quarter. Lutz Financial Services LLC lifted its position in shares of Apple by 1.4% during the 2nd quarter. Lutz Financial Services LLC now owns 6,652 shares of the iPhone maker’s stock worth $1,365,000 after purchasing an additional 95 shares during the last quarter. Foster & Motley Inc. grew its stake in shares of Apple by 2.2% during the second quarter. Foster & Motley Inc. now owns 250,899 shares of the iPhone maker’s stock worth $51,477,000 after purchasing an additional 5,410 shares in the last quarter. JTC Employer Solutions Trustee Ltd increased its holdings in Apple by 1.6% in the second quarter. JTC Employer Solutions Trustee Ltd now owns 88,116 shares of the iPhone maker’s stock valued at $18,071,000 after buying an additional 1,394 shares during the last quarter. Finally, Rodgers & Associates LTD increased its holdings in Apple by 4.2% in the second quarter. Rodgers & Associates LTD now owns 6,682 shares of the iPhone maker’s stock valued at $1,371,000 after buying an additional 268 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Trading Down 0.2%

AAPL opened at $272.41 on Monday. 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 52 week low of $169.21 and a 52 week high of $277.32. The business’s 50 day moving average is $255.92 and its two-hundred day moving average is $227.05. The firm has a market cap of $4.03 trillion, a price-to-earnings ratio of 41.34, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09.

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

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 10th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, November 10th. Apple’s dividend payout ratio (DPR) is presently 13.92%.

Analyst Ratings Changes

A number of analysts have issued reports on AAPL shares. Barclays lifted their price target on Apple from $180.00 to $230.00 and gave the stock an “underweight” rating in a report on Friday, October 31st. Wedbush restated an “outperform” rating on shares of Apple in a research note on Tuesday, October 21st. The Goldman Sachs Group upped their price target on Apple from $279.00 to $320.00 and gave the company a “buy” rating in a report on Friday, October 31st. CLSA raised shares of Apple to a “strong-buy” rating in a report on Sunday, October 5th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Apple from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $278.22.

Insider Buying and Selling

In other Apple news, SVP Katherine L. Adams sold 47,125 shares of Apple stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total value of $12,101,228.75. Following the transaction, the senior vice president directly owned 179,158 shares in the company, valued at approximately $46,005,982.82. The trade was a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 3,752 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $271.23, for a total transaction of $1,017,654.96. Following the completion of the sale, the insider directly owned 15,098 shares of the company’s stock, valued at $4,095,030.54. The trade was a 19.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 228,052 shares of company stock valued at $58,604,588 in the last quarter. Corporate 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.