Rezny Wealth Management Inc. Has $610,000 Position in Apple Inc. (NASDAQ:AAPL)

Rezny Wealth Management Inc. raised its position in Apple Inc. (NASDAQ:AAPL) by 2.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,894 shares of the iPhone maker’s stock after buying an additional 62 shares during the quarter. Apple comprises about 0.2% of Rezny Wealth Management Inc.’s portfolio, making the stock its 24th largest holding. Rezny Wealth Management Inc.’s holdings in Apple were worth $610,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of AAPL. Christopher J. Hasenberg Inc acquired a new position in Apple in the 1st quarter valued at $35,000. Fidelis Capital Partners LLC increased its stake in shares of 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 buying an additional 31,278 shares during the period. A.P. Gilfoyle & Co. L.P. acquired a new stake in Apple during the fourth quarter worth approximately $39,000. University of Texas Texas AM Investment Managment Co. boosted its holdings 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 worth $82,000 after acquiring an additional 368 shares in the last quarter. Finally, Clarity Asset Management Inc. bought a new position in shares of Apple in the fourth quarter valued at approximately $85,000. Institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling

In other news, 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 transaction, the insider now directly owns 24,125 shares in the company, valued at $5,223,062.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Katherine L. Adams sold 100,000 shares of the business’s 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 sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $5,223,062.50. The disclosure for this sale can be found here. Insiders have sold 113,884 shares of company stock worth $23,723,887 in the last ninety days. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Citigroup reissued a “buy” rating and issued a $255.00 target price on shares of Apple in a research report on Tuesday, August 27th. Piper Sandler Companies restated a “neutral” rating and set a $225.00 price target (up previously from $190.00) on shares of Apple in a report on Tuesday, July 9th. KeyCorp restated a “hold” rating and issued a $247.61 price target on shares of Apple in a research note on Wednesday, August 28th. Sanford C. Bernstein increased their price target on Apple from $195.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, June 21st. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $225.00 target price on shares of Apple in a report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $238.76.

Apple Stock Up 0.1 %

Shares of NASDAQ AAPL opened at $227.79 on Friday. The company has a 50 day simple moving average of $222.12 and a 200-day simple moving average of $201.57. The company has a market capitalization of $3.49 trillion, a P/E ratio of 35.54, a P/E/G ratio of 2.66 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 Inc. has a 1 year low of $164.07 and a 1 year high of $237.23.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $84.43 billion. During the same quarter last year, the company posted $1.26 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts predict that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s dividend payout ratio is currently 15.55%.

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.