Buck Wealth Strategies LLC Buys 9,969 Shares of Apple Inc. $AAPL

Buck Wealth Strategies LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 14.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 76,654 shares of the iPhone maker’s stock after acquiring an additional 9,969 shares during the quarter. Apple makes up approximately 2.4% of Buck Wealth Strategies LLC’s holdings, making the stock its 7th biggest holding. Buck Wealth Strategies LLC’s holdings in Apple were worth $15,727,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AAPL. Kingstone Capital Partners Texas LLC raised its position in Apple by 573,627.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock worth $39,065,374,000 after purchasing an additional 205,656,808 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Apple in the 1st quarter valued at $17,472,482,000. Northern Trust Corp raised its position in shares of Apple by 13.3% during the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock worth $42,918,365,000 after acquiring an additional 20,079,472 shares during the last quarter. Amundi raised its position in shares of Apple by 27.4% during the first quarter. Amundi now owns 68,190,569 shares of the iPhone maker’s stock worth $13,870,795,000 after acquiring an additional 14,651,321 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Apple by 14.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker’s stock valued at $26,220,566,000 after acquiring an additional 13,137,968 shares during the period. 67.73% of the stock is owned by institutional investors.

Insider Activity at Apple

In other news, CEO Timothy D. Cook sold 129,963 shares of Apple 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 in the company, valued at $842,412,558.95. The trade was a 3.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Deirdre O’brien sold 43,013 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 136,687 shares of the company’s stock, valued at $35,181,866.93. This represents a 23.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 228,052 shares of company stock valued at $58,604,588 over the last 90 days. Insiders own 0.06% of the company’s stock.

Apple Trading Up 0.4%

AAPL opened at $278.63 on Friday. The firm’s fifty day moving average is $263.27 and its two-hundred day moving average is $231.72. The firm has a market cap of $4.12 trillion, a PE ratio of 42.28, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $280.38. 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 announced its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.11. The company had revenue of $102.47 billion during 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 firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.64 EPS. Equities research analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently commented 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. Citigroup reiterated a “buy” rating and set a $315.00 price target (up previously from $245.00) on shares of Apple in a research report on Friday, October 31st. Barclays boosted their price target on shares of Apple from $180.00 to $230.00 and gave the stock an “underweight” rating in a research note on Friday, October 31st. Loop Capital raised shares of Apple from a “hold” rating to a “buy” rating and raised their price objective for the company from $226.00 to $315.00 in a research note on Monday, October 20th. Finally, Wedbush reiterated an “outperform” rating on shares of Apple in a research report on Tuesday, October 21st. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.