Talisman Wealth Advisors LLC Buys 161 Shares of Apple Inc. (NASDAQ:AAPL)

Talisman Wealth Advisors LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,169 shares of the iPhone maker’s stock after buying an additional 161 shares during the period. Apple makes up about 2.6% of Talisman Wealth Advisors LLC’s holdings, making the stock its 10th biggest holding. Talisman Wealth Advisors LLC’s holdings in Apple were worth $2,087,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Yeomans Consulting Group Inc. purchased a new position in shares of Apple in the 4th quarter worth about $1,713,000. Raleigh Capital Management Inc. increased its position in Apple by 11.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 15,511 shares of the iPhone maker’s stock worth $2,986,000 after purchasing an additional 1,643 shares in the last quarter. GLOBALT Investments LLC GA purchased a new position in Apple in the fourth quarter valued at approximately $38,406,000. Barden Capital Management Inc. lifted its position in Apple by 132.8% during the fourth quarter. Barden Capital Management Inc. now owns 32,636 shares of the iPhone maker’s stock valued at $6,283,000 after buying an additional 18,615 shares in the last quarter. Finally, Sunpointe LLC purchased a new stake in Apple during the fourth quarter worth approximately $4,782,000. 60.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Apple from $245.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. UBS Group reissued a “neutral” rating and issued a $190.00 price objective on shares of Apple in a research report on Monday, July 1st. Erste Group Bank raised Apple from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. Rosenblatt Securities increased their target price on Apple from $260.00 to $261.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Raymond James boosted their price target on Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $234.29.

Apple Trading Up 0.6 %

Apple stock opened at $226.05 on Monday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.23. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.04 and a quick ratio of 0.99. The stock has a market capitalization of $3.47 trillion, a PE ratio of 35.16, a price-to-earnings-growth ratio of 2.60 and a beta of 1.24. The firm has a 50 day simple moving average of $218.52 and a 200-day simple moving average of $193.13.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The firm had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. Apple had a return on equity of 145.35% and a net margin of 26.44%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted $1.26 EPS. As a group, equities research analysts expect that Apple Inc. will post 6.61 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s payout ratio is presently 15.55%.

Apple declared that its Board of Directors has approved a stock buyback program on Thursday, May 2nd that allows the company to buyback $110.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to reacquire up to 3.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the sale, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 180,178 shares of company stock valued at $36,133,537. 0.06% of the stock is currently owned by corporate insiders.

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.