Apple Inc. (NASDAQ:AAPL) Stock Holdings Boosted by Archford Capital Strategies LLC

Archford Capital Strategies LLC raised its stake in Apple Inc. (NASDAQ:AAPL) by 11.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,172 shares of the iPhone maker’s stock after purchasing an additional 7,251 shares during the period. Apple accounts for about 2.4% of Archford Capital Strategies LLC’s holdings, making the stock its 5th biggest position. Archford Capital Strategies LLC’s holdings in Apple were worth $14,780,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Christopher J. Hasenberg Inc purchased a new position in shares of Apple during the first quarter worth approximately $35,000. Fidelis Capital Partners LLC grew its position in shares of Apple by 17.9% during the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after acquiring an additional 31,278 shares during the last quarter. A.P. Gilfoyle & Co. L.P. purchased a new position in shares of Apple during the fourth quarter worth approximately $39,000. University of Texas Texas AM Investment Managment Co. grew its position in shares of Apple by 657.1% during the fourth 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. Finally, Clarity Asset Management Inc. purchased a new position in shares of Apple during the fourth quarter worth approximately $85,000. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Apple Trading Up 0.0 %

NASDAQ:AAPL opened at $222.77 on Friday. The company has a market capitalization of $3.42 trillion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.60 and a beta of 1.24. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.23. The stock has a fifty day simple moving average of $223.22 and a 200-day simple moving average of $198.23.

Apple (NASDAQ:AAPL) last released its quarterly 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 business had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.26 EPS. On average, equities 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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio is presently 15.55%.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of research reports. Wedbush restated an “outperform” rating and set a $285.00 target price on shares of Apple in a research report on Monday. Cfra raised their target price on shares of Apple from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Rosenblatt Securities restated a “buy” rating and set a $261.00 target price on shares of Apple in a research report on Tuesday. Morgan Stanley reiterated an “overweight” rating and issued a $273.00 price objective on shares of Apple in a research report on Tuesday. Finally, KeyCorp reiterated a “hold” rating and issued a $247.61 price objective on shares of Apple in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have issued 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 an average price target of $238.62.

Insider Buying and Selling

In related news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction dated 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 completion of the sale, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Chris Kondo sold 8,706 shares of Apple 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 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 at the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of Apple 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 sale, the senior vice president now 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 quarter, insiders sold 113,884 shares of company stock worth $23,723,887. 0.06% of the stock is owned by corporate insiders.

Apple 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.