Apple Inc. $AAPL is Delta Financial Advisors LLC’s 4th Largest Position

Delta Financial Advisors LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,689 shares of the iPhone maker’s stock after selling 4,144 shares during the period. Apple makes up about 4.7% of Delta Financial Advisors LLC’s investment portfolio, making the stock its 4th largest position. Delta Financial Advisors LLC’s holdings in Apple were worth $13,272,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Alpha Financial Advisors LLC lifted its holdings in shares of Apple by 34.1% in the 2nd quarter. Alpha Financial Advisors LLC now owns 3,612 shares of the iPhone maker’s stock worth $741,000 after acquiring an additional 918 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Apple by 6.8% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 29,304,156 shares of the iPhone maker’s stock worth $6,012,375,000 after purchasing an additional 1,856,818 shares during the period. Freemont Management S.A. lifted its stake in Apple by 30.5% in the second quarter. Freemont Management S.A. now owns 73,600 shares of the iPhone maker’s stock worth $15,101,000 after purchasing an additional 17,200 shares during the last quarter. Keystone Financial Services lifted its stake in Apple by 4.2% in the second quarter. Keystone Financial Services now owns 4,063 shares of the iPhone maker’s stock worth $834,000 after purchasing an additional 163 shares during the last quarter. Finally, Capitol Family Office Inc. boosted its position in shares of Apple by 12.3% during the second quarter. Capitol Family Office Inc. now owns 13,654 shares of the iPhone maker’s stock valued at $2,801,000 after buying an additional 1,500 shares during the period. Institutional investors own 67.73% of the company’s stock.

Apple Price Performance

AAPL opened at $280.70 on Friday. The company has a market capitalization of $4.15 trillion, a price-to-earnings ratio of 37.58, a PEG ratio of 2.65 and a beta of 1.10. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 1.06. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $288.62. The business’s fifty day simple moving average is $265.56 and its 200-day simple moving average is $233.58.

Apple (NASDAQ:AAPL) last released its quarterly earnings data 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. Apple had a return on equity of 164.05% and a net margin of 26.92%.The firm had revenue of $102.47 billion during the quarter, compared to the consensus estimate of $101.65 billion. During the same period in the previous year, the company posted $1.64 earnings per share. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. On average, equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Monday, November 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s dividend payout ratio (DPR) is currently 13.92%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AAPL shares. UBS Group increased their price target on Apple from $220.00 to $280.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. JPMorgan Chase & Co. upped their price objective on Apple from $290.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Wells Fargo & Company set a $300.00 target price on Apple and gave the stock an “overweight” rating in a research note on Friday, October 31st. TD Cowen lifted their target price on Apple from $275.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Apple in a research note on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $278.53.

Insider Activity

In related news, SVP Katherine L. Adams sold 47,125 shares of Apple stock in a transaction that occurred on 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 transaction, the senior vice president directly owned 179,158 shares of the company’s stock, valued at $46,005,982.82. This trade represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Chris Kondo sold 3,752 shares of the business’s 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 completion of the transaction, the insider directly owned 15,098 shares of the company’s stock, valued at $4,095,030.54. This trade represents a 19.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 228,052 shares of company stock valued at $58,604,588. 0.06% of the stock is currently owned by corporate insiders.

Apple 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.