Apple Inc. (NASDAQ:AAPL) Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its position in Apple Inc. (NASDAQ:AAPL) by 7.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 777,982 shares of the iPhone maker’s stock after acquiring an additional 52,911 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Apple were worth $163,859,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in AAPL. Hoxton Planning & Management LLC raised its stake in Apple by 3.2% in the fourth quarter. Hoxton Planning & Management LLC now owns 24,629 shares of the iPhone maker’s stock valued at $4,742,000 after buying an additional 764 shares in the last quarter. Warner Financial Inc. raised its position in shares of Apple by 1.4% during the 4th quarter. Warner Financial Inc. now owns 13,181 shares of the iPhone maker’s stock worth $2,538,000 after acquiring an additional 188 shares in the last quarter. Bison Wealth LLC lifted its stake in Apple by 2.0% during the fourth quarter. Bison Wealth LLC now owns 171,664 shares of the iPhone maker’s stock worth $33,050,000 after purchasing an additional 3,367 shares during the last quarter. Invesco LLC increased its stake in Apple by 5.6% in the fourth quarter. Invesco LLC now owns 52,508 shares of the iPhone maker’s stock valued at $10,109,000 after purchasing an additional 2,803 shares during the last quarter. Finally, Investors Research Corp raised its holdings in Apple by 5.8% during the fourth quarter. Investors Research Corp now owns 17,307 shares of the iPhone maker’s stock worth $3,332,000 after purchasing an additional 950 shares in the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AAPL shares. Bank of America restated a “buy” rating and issued a $256.00 price objective on shares of Apple in a research note on Thursday, September 5th. Oppenheimer reaffirmed an “outperform” rating and set a $250.00 price target on shares of Apple in a research report on Tuesday. Melius Research reissued a “buy” rating and issued a $265.00 price objective on shares of Apple in a report on Tuesday, August 27th. TD Cowen lifted their target price on shares of Apple from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $273.00 price target on shares of Apple in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $238.62.

Insider Buying and Selling at Apple

In related news, insider Chris Kondo sold 8,706 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total value of $1,958,850.00. Following the sale, the insider now directly 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 accessible through this hyperlink. In related 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 value of $1,958,850.00. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,469,275. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the sale, 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. Over the last quarter, insiders have sold 113,884 shares of company stock valued at $23,723,887. 0.06% of the stock is currently owned by company insiders.

Apple Stock Down 0.4 %

Shares of NASDAQ AAPL opened at $220.11 on Wednesday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.23. The firm’s 50-day simple moving average is $223.17 and its 200 day simple moving average is $197.89. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The company has a market cap of $3.35 trillion, a price-to-earnings ratio of 34.23, a price-to-earnings-growth ratio of 2.60 and a beta of 1.24.

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

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. Apple’s dividend payout ratio is presently 15.55%.

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.