High Net Worth Advisory Group LLC Increases Stake in Apple Inc. (NASDAQ:AAPL)

High Net Worth Advisory Group LLC raised its holdings in Apple Inc. (NASDAQ:AAPL) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 62,949 shares of the iPhone maker’s stock after acquiring an additional 405 shares during the quarter. Apple comprises 3.9% of High Net Worth Advisory Group LLC’s portfolio, making the stock its 5th largest position. High Net Worth Advisory Group LLC’s holdings in Apple were worth $13,259,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AAPL. Christopher J. Hasenberg Inc bought a new position in Apple in the first quarter valued at approximately $35,000. Fidelis Capital Partners LLC boosted its stake in Apple by 17.9% in the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after acquiring an additional 31,278 shares during the last quarter. A.P. Gilfoyle & Co. L.P. bought a new position in Apple in the fourth quarter valued at approximately $39,000. University of Texas Texas AM Investment Managment Co. boosted its stake in Apple by 657.1% in the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after acquiring an additional 368 shares during the last quarter. Finally, Clarity Asset Management Inc. bought a new position in shares of Apple during the fourth quarter worth $85,000. 60.41% of the stock is owned by institutional investors.

Apple Stock Performance

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

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The company had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. During the same quarter last year, the firm posted $1.26 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, equities analysts forecast that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors 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 was Monday, August 12th. Apple’s payout ratio is 15.55%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AAPL shares. Oppenheimer reissued an “outperform” rating and set a $250.00 price target on shares of Apple in a research report on Tuesday. Evercore ISI reissued an “outperform” rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, August 27th. Rosenblatt Securities reissued a “buy” rating and set a $261.00 price target on shares of Apple in a research report on Tuesday. Cfra lifted their price target 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. Finally, Raymond James lifted their price target on shares of Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. 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 company. Based on data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus target price 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 shares were 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 of the company’s stock, valued at approximately $39,542,136.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction dated Monday, August 5th. The shares were 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 of the company’s stock, valued at approximately $39,542,136.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of 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 90 days, insiders sold 113,884 shares of company stock valued at $23,723,887. Company insiders own 0.06% of the company’s stock.

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.