Apple Inc. (NASDAQ:AAPL) Stock Holdings Increased by Financial Strategies Group Inc.

Financial Strategies Group Inc. lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 5.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,468 shares of the iPhone maker’s stock after purchasing an additional 2,150 shares during the quarter. Apple accounts for approximately 2.5% of Financial Strategies Group Inc.’s holdings, making the stock its 11th largest position. Financial Strategies Group Inc.’s holdings in Apple were worth $9,940,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Christopher J. Hasenberg Inc purchased a new position in Apple in the first quarter valued at about $35,000. Fidelis Capital Partners LLC lifted its position in Apple by 17.9% during the 1st 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. acquired a new position in shares of Apple during the fourth quarter worth approximately $39,000. University of Texas Texas AM Investment Managment Co. boosted its position in shares of 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 period. Finally, Clarity Asset Management Inc. acquired a new position in Apple during the 4th quarter valued at $85,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Apple news, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction that occurred on 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 $5,223,062.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Katherine L. Adams sold 100,000 shares of the 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 $39,542,136.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chris Kondo sold 5,178 shares of the business’s 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 completion of the transaction, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. The disclosure for this sale can be found here. Insiders sold 113,884 shares of company stock valued at $23,723,887 over the last 90 days. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of AAPL stock opened at $222.50 on Friday. The business’s fifty day moving average is $223.14 and its 200 day moving average is $198.52. 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 stock has a market cap of $3.38 trillion, a price-to-earnings ratio of 34.60, a PEG ratio of 2.62 and a beta of 1.24. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.23.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $84.43 billion. During the same period in the prior year, the firm posted $1.26 EPS. Apple’s revenue for the quarter was up 4.9% on a year-over-year basis. Research analysts expect that Apple Inc. will post 6.7 EPS for the current fiscal 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 paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Apple’s dividend payout ratio (DPR) is currently 15.55%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AAPL. DA Davidson upgraded shares of Apple from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $200.00 to $230.00 in a research note on Tuesday, June 11th. Piper Sandler Companies reissued a “neutral” rating and set a $225.00 price objective (up previously from $190.00) on shares of Apple in a report on Tuesday, July 9th. Sanford C. Bernstein raised their target price on shares of Apple from $195.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, June 21st. Rosenblatt Securities reissued a “buy” rating and issued a $261.00 price target on shares of Apple in a research note on Tuesday. Finally, KeyCorp restated 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 given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $238.62.

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.