Epic Trust Investment Advisors LLC Has $2.18 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Epic Trust Investment Advisors LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 11.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,329 shares of the iPhone maker’s stock after buying an additional 1,090 shares during the period. Apple comprises 2.4% of Epic Trust Investment Advisors LLC’s portfolio, making the stock its 8th largest holding. Epic Trust Investment Advisors LLC’s holdings in Apple were worth $2,176,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Tigress Financial boosted their price target on shares of Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 28th. Evercore ISI restated an “outperform” rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, August 27th. Erste Group Bank raised Apple from a “hold” rating to a “buy” rating in a report on Friday, June 14th. Cfra boosted their price objective on Apple from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Bank of America restated a “buy” rating and issued a $256.00 target price on shares of Apple in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $238.62.

Apple Stock Performance

Shares of AAPL stock opened at $222.77 on Friday. The stock has a market cap 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 stock has a 50-day moving average of $223.22 and a 200-day moving average of $198.23. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. Apple Inc. has a one year low of $164.07 and a one year high of $237.23.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data 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 analysts’ expectations of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.26 earnings per share. As a group, sell-side analysts expect that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Dividend Announcement

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

Insider Buying and Selling

In other Apple news, insider Chris Kondo sold 5,178 shares of the 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 completion of the sale, the insider now directly owns 24,125 shares in the company, valued at $5,223,062.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Apple 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 owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Chris Kondo sold 5,178 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the sale, the insider now directly owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The disclosure for this sale can be found here. In the last quarter, insiders have 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.