Apple Inc. $AAPL Shares Purchased by Advyzon Investment Management LLC

Advyzon Investment Management LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 43.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,523 shares of the iPhone maker’s stock after buying an additional 6,257 shares during the period. Apple makes up about 0.9% of Advyzon Investment Management LLC’s holdings, making the stock its 20th biggest position. Advyzon Investment Management LLC’s holdings in Apple were worth $4,211,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AAPL. Baker Boyer National Bank raised its holdings in Apple by 0.3% during the second quarter. Baker Boyer National Bank now owns 18,011 shares of the iPhone maker’s stock worth $3,695,000 after purchasing an additional 47 shares in the last quarter. Salus Financial Advisors LLC increased its position in Apple by 3.9% during the 1st quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock worth $291,000 after purchasing an additional 49 shares during the period. Red Tortoise LLC raised its stake in shares of Apple by 0.9% during the 2nd quarter. Red Tortoise LLC now owns 5,717 shares of the iPhone maker’s stock worth $1,173,000 after buying an additional 49 shares in the last quarter. SigFig Wealth Management LLC lifted its holdings in shares of Apple by 2.8% in the 2nd quarter. SigFig Wealth Management LLC now owns 1,830 shares of the iPhone maker’s stock valued at $368,000 after buying an additional 50 shares during the period. Finally, Shariaportfolio Inc. boosted its stake in shares of 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 buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Down 0.7%

AAPL stock opened at $278.78 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.89 and a quick ratio of 0.86. The company’s 50 day simple moving average is $266.03 and its 200-day simple moving average is $234.07. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $288.62. The firm has a market capitalization of $4.12 trillion, a PE ratio of 37.32, a P/E/G ratio of 2.62 and a beta of 1.10.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. The firm had revenue of $102.47 billion for the quarter, compared to analyst estimates of $101.65 billion. Apple had a return on equity of 164.05% and a net margin of 26.92%.Apple’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.64 EPS. Equities analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 10th were given 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 currently 13.92%.

Wall Street Analyst Weigh In

AAPL has been the subject of several research analyst reports. HSBC set a $220.00 price objective on Apple and gave the stock a “hold” rating in a research report on Monday, September 8th. Seaport Res Ptn upgraded shares of Apple to a “strong-buy” rating in a report on Wednesday, October 1st. Argus set a $325.00 price objective on shares of Apple and gave the stock a “buy” rating in a report on Friday, October 31st. DA Davidson upped their target price on shares of Apple from $250.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Citigroup reiterated a “buy” rating and set a $315.00 price target (up from $245.00) on shares of Apple in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $280.09.

Insider Buying and Selling at Apple

In related news, SVP Deirdre O’brien sold 43,013 shares of Apple stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the completion of the sale, the senior vice president owned 136,687 shares in the company, valued at approximately $35,181,866.93. This trade represents a 23.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kevan Parekh sold 4,199 shares of the business’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 of the company’s stock, valued at $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 have sold 228,052 shares of company stock valued at $58,604,588. 0.06% of the stock is owned by company insiders.

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.