Apple Inc. $AAPL Shares Purchased by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC increased its position in Apple Inc. (NASDAQ:AAPL) by 4.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,237 shares of the iPhone maker’s stock after acquiring an additional 1,925 shares during the period. Apple makes up about 1.8% of Impact Partnership Wealth LLC’s portfolio, making the stock its 15th biggest holding. Impact Partnership Wealth LLC’s holdings in Apple were worth $9,692,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Ryan Investment Management Inc. acquired a new position in Apple in the 2nd quarter worth approximately $31,000. ROSS JOHNSON & Associates LLC boosted its holdings in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 180 shares during the last quarter. Nexus Investment Management ULC increased its stake in shares of Apple by 333.3% in the second quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock worth $53,000 after acquiring an additional 200 shares during the period. Elite Financial Inc. acquired a new stake in shares of Apple in the first quarter worth $58,000. Finally, LSV Asset Management purchased a new position in shares of Apple during the fourth quarter worth $65,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Activity at Apple

In related news, SVP Katherine L. Adams sold 47,125 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the completion of the transaction, the senior vice president owned 179,158 shares in the company, valued at $46,005,982.82. This represents a 20.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevan Parekh sold 4,199 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 8,765 shares in the company, valued at $2,168,373.35. This represents a 32.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 228,052 shares of company stock valued at $58,604,588 in the last three months. Company insiders own 0.06% of the company’s stock.

Apple Stock Performance

NASDAQ AAPL opened at $278.63 on Monday. The stock has a market capitalization of $4.12 trillion, a price-to-earnings ratio of 42.28, a PEG ratio of 2.62 and a beta of 1.09. The stock has a 50-day moving average of $263.27 and a 200 day moving average of $231.86. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $280.38.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, beating the consensus estimate of $1.74 by $0.11. The company had revenue of $102.47 billion for 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 quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company earned $1.64 earnings per share. Sell-side analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 10th were issued a $0.26 dividend. 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 payout ratio is presently 13.92%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Loop Capital raised shares of Apple from a “hold” rating to a “buy” rating and upped their price target for the company from $226.00 to $315.00 in a report on Monday, October 20th. DA Davidson boosted their price objective on Apple from $250.00 to $270.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Tigress Financial upped their target price on Apple from $300.00 to $305.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, September 17th. Wall Street Zen cut Apple from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Seaport Res Ptn raised Apple to a “strong-buy” rating in a report on Wednesday, October 1st. Three 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. According to data from MarketBeat.com, the stock currently has a consensus 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.