Perfromance Wealth Partners LLC Grows Stake in Apple Inc. (NASDAQ:AAPL)

Perfromance Wealth Partners LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 4,121,295 shares of the iPhone maker’s stock after acquiring an additional 24,955 shares during the period. Apple comprises 32.0% of Perfromance Wealth Partners LLC’s portfolio, making the stock its biggest position. Perfromance Wealth Partners LLC’s holdings in Apple were worth $868,027,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Elite Life Management LLC purchased a new stake in shares of Apple in the 4th quarter worth approximately $963,000. Kelman Lazarov Inc. raised its stake in Apple by 0.9% in the fourth quarter. Kelman Lazarov Inc. now owns 15,862 shares of the iPhone maker’s stock worth $3,054,000 after buying an additional 144 shares in the last quarter. Monument Capital Management boosted its position in Apple by 1.7% during the 4th quarter. Monument Capital Management now owns 35,103 shares of the iPhone maker’s stock valued at $6,758,000 after acquiring an additional 601 shares in the last quarter. Townsend Asset Management Corp NC ADV boosted its position in Apple by 0.7% during the 4th quarter. Townsend Asset Management Corp NC ADV now owns 41,480 shares of the iPhone maker’s stock valued at $7,986,000 after acquiring an additional 268 shares in the last quarter. Finally, RWA Wealth Partners LLC raised its position in shares of Apple by 143.3% in the 4th quarter. RWA Wealth Partners LLC now owns 831,496 shares of the iPhone maker’s stock worth $160,088,000 after acquiring an additional 489,712 shares in the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Stock Performance

Shares of AAPL opened at $228.20 on Friday. The company has a market capitalization of $3.50 trillion, a price-to-earnings ratio of 35.49, a price-to-earnings-growth ratio of 2.62 and a beta of 1.24. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.23. 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 50 day moving average price of $222.41 and a 200 day moving average price of $199.99.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating 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 company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 earnings per share. Research analysts predict that Apple Inc. will post 6.7 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders 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 yield of 0.44%. Apple’s dividend payout ratio is presently 15.55%.

Wall Street Analyst Weigh In

Several analysts have commented on AAPL shares. The Goldman Sachs Group increased their price target on shares of Apple from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Wedbush reaffirmed an “outperform” rating and issued a $285.00 price target on shares of Apple in a report on Monday, September 9th. Cfra increased their price objective on Apple from $240.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Sanford C. Bernstein boosted their target price on Apple from $195.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, June 21st. Finally, KeyCorp reaffirmed a “hold” rating and set a $247.61 price target on shares of Apple in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $239.17.

Insider Activity

In related news, SVP Katherine L. Adams sold 100,000 shares of the 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 transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Katherine L. Adams sold 100,000 shares of the business’s 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 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 three months, insiders sold 113,884 shares of company stock valued at $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.