Apple Inc. (NASDAQ:AAPL) is Waypoint Capital Advisors LLC’s 9th Largest Position

Waypoint Capital Advisors LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 50,135 shares of the iPhone maker’s stock after buying an additional 219 shares during the period. Apple comprises about 2.6% of Waypoint Capital Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Waypoint Capital Advisors LLC’s holdings in Apple were worth $10,559,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Tranquility Partners LLC grew its holdings in shares of Apple by 1.9% during the 2nd quarter. Tranquility Partners LLC now owns 44,835 shares of the iPhone maker’s stock valued at $9,443,000 after purchasing an additional 828 shares during the last quarter. Tanager Wealth Management LLP boosted its position in Apple by 1.3% during the second quarter. Tanager Wealth Management LLP now owns 90,376 shares of the iPhone maker’s stock valued at $19,035,000 after buying an additional 1,162 shares during the period. Sterling Investment Counsel LLC grew its stake in shares of Apple by 17.9% during the second quarter. Sterling Investment Counsel LLC now owns 67,259 shares of the iPhone maker’s stock valued at $14,166,000 after buying an additional 10,210 shares during the last quarter. Institute for Wealth Management LLC. grew its stake in shares of Apple by 2.8% during the second quarter. Institute for Wealth Management LLC. now owns 128,382 shares of the iPhone maker’s stock valued at $27,040,000 after buying an additional 3,476 shares during the last quarter. Finally, Baillie Gifford & Co. increased its holdings in shares of Apple by 13.7% in the second quarter. Baillie Gifford & Co. now owns 731,528 shares of the iPhone maker’s stock worth $154,074,000 after buying an additional 87,866 shares during the period. 60.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 8,706 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the sale, the insider now directly owns 15,419 shares in the company, valued at approximately $3,469,275. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,469,275. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,884 shares of company stock valued at $23,723,887. 0.06% of the stock is owned by company insiders.

Apple Stock Up 0.1 %

Apple stock opened at $227.79 on Monday. The firm has a market cap of $3.49 trillion, a price-to-earnings ratio of 35.43, a PEG ratio of 2.66 and a beta of 1.24. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.23. The stock has a fifty day simple moving average of $222.19 and a two-hundred day simple moving average of $202.38.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.06. The company had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $1.26 earnings per share. Equities analysts predict that Apple Inc. will post 6.7 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Wall Street Analyst Weigh In

AAPL has been the topic of several recent research reports. KeyCorp restated a “hold” rating and set a $247.61 price target on shares of Apple in a research report on Wednesday, August 28th. StockNews.com upgraded shares of Apple from a “hold” rating to a “buy” rating in a report on Friday, September 20th. Evercore ISI reiterated a “buy” rating and set a $250.00 price target on shares of Apple in a report on Thursday. Citigroup reissued a “buy” rating and issued a $255.00 price target on shares of Apple in a report on Tuesday, August 27th. Finally, Moffett Nathanson assumed coverage on Apple in a research note on Monday, August 19th. They set a “neutral” rating and a $211.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $238.76.

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.