Avion Wealth Has $3.83 Million Stock Position in Apple Inc. $AAPL

Avion Wealth boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 13.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,645 shares of the iPhone maker’s stock after purchasing an additional 2,211 shares during the quarter. Apple comprises 0.9% of Avion Wealth’s holdings, making the stock its 16th biggest position. Avion Wealth’s holdings in Apple were worth $3,825,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Baker Boyer National Bank boosted its stake in Apple by 0.3% in the second quarter. Baker Boyer National Bank now owns 18,011 shares of the iPhone maker’s stock valued at $3,695,000 after acquiring an additional 47 shares during the last quarter. Salus Financial Advisors LLC lifted its stake in shares of Apple by 3.9% in the 1st quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock valued at $291,000 after purchasing an additional 49 shares during the period. Red Tortoise LLC boosted its position in shares of Apple by 0.9% in the 2nd quarter. Red Tortoise LLC now owns 5,717 shares of the iPhone maker’s stock worth $1,173,000 after purchasing an additional 49 shares during the last quarter. SigFig Wealth Management LLC grew its stake in shares of Apple by 2.8% during the second quarter. SigFig Wealth Management LLC now owns 1,830 shares of the iPhone maker’s stock worth $368,000 after purchasing an additional 50 shares during the period. Finally, Shariaportfolio Inc. increased its holdings in Apple by 1.3% in the second quarter. Shariaportfolio Inc. now owns 3,999 shares of the iPhone maker’s stock valued at $820,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Transactions at Apple

In other Apple news, SVP Deirdre O’brien sold 43,013 shares of Apple stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $257.39, for a total value of $11,071,116.07. Following the sale, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy D. Cook sold 129,963 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the transaction, the chief executive officer owned 3,280,295 shares of the company’s stock, valued at approximately $842,412,558.95. This represents a 3.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 228,052 shares of company stock worth $58,604,588. 0.06% of the stock is owned by insiders.

Apple Stock Up 2.0%

Shares of Apple stock opened at $271.49 on Monday. The business’s 50 day simple moving average is $259.49 and its 200 day simple moving average is $229.36. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $277.32. The firm has a market cap of $4.01 trillion, a PE ratio of 41.20, a P/E/G ratio of 2.62 and a beta of 1.09. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87.

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

Apple Announces Dividend

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

Analysts Set New Price Targets

AAPL has been the topic of a number of recent analyst reports. Wall Street Zen cut Apple from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. DA Davidson lifted their target price on Apple from $250.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. CLSA raised Apple to a “strong-buy” rating in a research note on Sunday, October 5th. Phillip Securities lowered Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 price target on the stock. in a research report on Thursday, September 11th. Finally, Cowen reiterated a “buy” rating on shares of Apple in a report on Monday, October 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $278.22.

About Apple

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.