Priebe Wealth Holdings LLC Grows Position in Apple Inc. (NASDAQ:AAPL)

Priebe Wealth Holdings LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 5.9% in the second quarter, Holdings Channel reports. The firm owned 4,850 shares of the iPhone maker’s stock after purchasing an additional 270 shares during the period. Apple makes up about 0.8% of Priebe Wealth Holdings LLC’s investment portfolio, making the stock its 18th biggest position. Priebe Wealth Holdings LLC’s holdings in Apple were worth $1,022,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc purchased a new stake in Apple during the first quarter worth approximately $35,000. A.P. Gilfoyle & Co. L.P. acquired a new position in shares of Apple during the 4th quarter valued at $39,000. University of Texas Texas AM Investment Managment Co. boosted its position in Apple by 657.1% during 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 purchasing an additional 368 shares during the period. Clarity Asset Management Inc. acquired a new stake in Apple in the 4th quarter valued at $85,000. Finally, Clear Street Markets LLC raised its position in Apple by 100.6% in the fourth quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock valued at $93,000 after purchasing an additional 83,965 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wedbush reiterated an “outperform” rating and issued a $285.00 target price on shares of Apple in a research note on Monday. Piper Sandler Companies reaffirmed a “neutral” rating and issued a $225.00 price objective (up previously from $190.00) on shares of Apple in a research report on Tuesday, July 9th. Moffett Nathanson assumed coverage on shares of Apple in a research note on Monday, August 19th. They set a “neutral” rating and a $211.00 price objective on the stock. Monness Crespi & Hardt restated a “buy” rating and issued a $245.00 target price on shares of Apple in a research note on Monday. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $265.00 price target on shares of Apple in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $238.62.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $222.77 on Friday. 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 firm’s 50-day moving average price is $223.22 and its two-hundred day moving average price is $198.23. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.23. The stock has a market capitalization of $3.42 trillion, a P/E ratio of 34.65, a P/E/G ratio of 2.60 and a beta of 1.24.

Apple (NASDAQ:AAPL) last announced 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 for 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 last year, the business posted $1.26 EPS. As a group, sell-side analysts forecast that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend 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 15.55%.

Insider Transactions at Apple

In related news, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction dated 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 legal filing with the SEC, which is available at the SEC website. In other Apple news, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,469,275. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 sale, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,884 shares of company stock worth $23,723,887. Insiders own 0.06% of the company’s stock.

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.