Apple Inc. $AAPL Shares Acquired by First Command Advisory Services Inc.

First Command Advisory Services Inc. increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,086 shares of the iPhone maker’s stock after buying an additional 2,058 shares during the quarter. First Command Advisory Services Inc.’s holdings in Apple were worth $8,430,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Curat Global LLC grew its stake in Apple by 617.3% during the 2nd quarter. Curat Global LLC now owns 13,944 shares of the iPhone maker’s stock valued at $2,861,000 after purchasing an additional 12,000 shares during the last quarter. Pasadena Private Wealth LLC lifted its holdings in shares of Apple by 0.3% during the second quarter. Pasadena Private Wealth LLC now owns 69,828 shares of the iPhone maker’s stock worth $14,327,000 after purchasing an additional 227 shares during the period. Banco Santander S.A. boosted its position in Apple by 7.5% in the second quarter. Banco Santander S.A. now owns 1,156,246 shares of the iPhone maker’s stock valued at $237,227,000 after buying an additional 80,785 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in Apple by 52.5% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 468,764 shares of the iPhone maker’s stock worth $96,176,000 after buying an additional 161,412 shares during the period. Finally, Solstein Capital LLC increased its holdings in Apple by 1.6% in the 2nd quarter. Solstein Capital LLC now owns 66,771 shares of the iPhone maker’s stock worth $13,699,000 after buying an additional 1,079 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other news, insider Chris Kondo sold 3,752 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $271.23, for a total transaction of $1,017,654.96. Following the transaction, the insider owned 15,098 shares in the company, valued at $4,095,030.54. This trade represents a 19.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the completion of the sale, the chief financial officer directly owned 8,765 shares of the company’s stock, valued at approximately $2,168,373.35. The trade was a 32.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 228,052 shares of company stock worth $58,604,588. 0.06% of the stock is currently owned by corporate insiders.

Apple Trading Up 0.4%

AAPL stock opened at $278.63 on Friday. The company’s 50-day simple moving average is $263.27 and its 200-day simple moving average is $231.59. 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 $280.38. The firm has a market cap of $4.12 trillion, a P/E ratio of 42.28, a PEG ratio of 2.62 and a beta of 1.09.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.11. The firm 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%.Apple’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.64 EPS. As a group, equities analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

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

Wall Street Analyst Weigh In

AAPL has been the subject of several research reports. CLSA upgraded shares of Apple to a “strong-buy” rating in a research note on Sunday, October 5th. Morgan Stanley raised their target price on shares of Apple from $298.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. JPMorgan Chase & Co. boosted their target price on shares of Apple from $290.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. TD Cowen upped their price target on shares of Apple from $275.00 to $325.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, DA Davidson lifted their price objective on Apple from $250.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Three investment 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 given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.