Guardian Financial Partners LLC Acquires 145 Shares of Apple Inc. (NASDAQ:AAPL)

Guardian Financial Partners LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,776 shares of the iPhone maker’s stock after purchasing an additional 145 shares during the quarter. Apple accounts for about 1.9% of Guardian Financial Partners LLC’s portfolio, making the stock its 17th largest position. Guardian Financial Partners LLC’s holdings in Apple were worth $2,902,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Christopher J. Hasenberg Inc bought a new stake in shares of Apple in the 1st quarter worth about $35,000. A.P. Gilfoyle & Co. L.P. bought a new stake in shares of Apple in the 4th quarter worth about $39,000. University of Texas Texas AM Investment Managment Co. lifted its holdings in shares of Apple by 657.1% in the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after acquiring an additional 368 shares during the last quarter. Clarity Asset Management Inc. bought a new stake in shares of Apple in the 4th quarter worth about $85,000. Finally, Clear Street Markets LLC lifted its holdings in shares of Apple by 100.6% in the 4th quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock worth $93,000 after acquiring an additional 83,965 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on AAPL. Moffett Nathanson started coverage on shares of Apple in a report on Monday, August 19th. They issued a “neutral” rating and a $211.00 target price for the company. Morgan Stanley reiterated an “overweight” rating and set a $273.00 price objective on shares of Apple in a report on Tuesday, August 27th. Barclays decreased their price objective on shares of Apple from $187.00 to $186.00 and set an “underweight” rating for the company in a report on Friday, August 2nd. Citigroup reiterated a “buy” rating and set a $255.00 price objective on shares of Apple in a report on Tuesday, August 27th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $260.00 price objective on shares of Apple in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $238.62.

Apple Trading Down 0.7 %

Shares of Apple stock opened at $220.82 on Friday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.23. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The stock has a market cap of $3.39 trillion, a PE ratio of 34.34, a price-to-earnings-growth ratio of 2.69 and a beta of 1.24. The firm has a fifty day moving average price of $223.09 and a 200 day moving average price of $197.15.

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

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders 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 dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Insider Buying and Selling

In other news, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. The sale was disclosed in a filing with the SEC, which is available at this link. In other Apple news, insider Chris Kondo sold 8,706 shares of the business’s stock in a transaction that occurred on 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 document filed with the SEC, which is available through this link. Also, SVP Katherine L. Adams sold 100,000 shares of the 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 approximately $39,542,136.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,884 shares of company stock valued at $23,723,887. 0.06% of the stock is owned by company 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.