Apple Inc. (NASDAQ:AAPL) is Colton Groome Financial Advisors LLC’s 8th Largest Position

Colton Groome Financial Advisors LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,509 shares of the iPhone maker’s stock after buying an additional 333 shares during the period. Apple accounts for 2.5% of Colton Groome Financial Advisors LLC’s portfolio, making the stock its 8th largest position. Colton Groome Financial Advisors LLC’s holdings in Apple were worth $6,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of AAPL. Christopher J. Hasenberg Inc bought a new position in shares of Apple during the first quarter valued at approximately $35,000. Fidelis Capital Partners LLC increased its position in shares of Apple by 17.9% during 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 in the last quarter. A.P. Gilfoyle & Co. L.P. bought a new stake in shares of Apple during the fourth quarter valued at approximately $39,000. University of Texas Texas AM Investment Managment Co. increased its position in shares of Apple by 657.1% during 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 in the last quarter. Finally, Clarity Asset Management Inc. bought a new stake in shares of Apple during the fourth quarter valued at approximately $85,000. 60.41% of the stock is owned by institutional investors.

Insider Activity

In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction on 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 owns 191,543 shares in the company, valued at approximately $39,542,136.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other 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 value of $20,644,000.00. Following the completion of the transaction, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chris Kondo sold 8,706 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the transaction, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,884 shares of company stock worth $23,723,887. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Up 0.1 %

Shares of AAPL stock opened at $227.79 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. The stock has a market capitalization of $3.49 trillion, a P/E ratio of 35.43, a price-to-earnings-growth ratio of 2.66 and a beta of 1.24. The company has a 50 day moving average price of $222.12 and a 200 day moving average price of $201.57. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.23.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping 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 in the previous year, the business posted $1.26 EPS. The firm’s revenue was up 4.9% on a year-over-year basis. Equities research analysts predict that Apple Inc. will post 6.7 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Monday, August 12th. Apple’s payout ratio is 15.55%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AAPL. Robert W. Baird raised their price target on shares of Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. DA Davidson upgraded shares of Apple from a “neutral” rating to a “buy” rating and raised their target price for the stock from $200.00 to $230.00 in a report on Tuesday, June 11th. Morgan Stanley restated an “overweight” rating and issued a $273.00 target price on shares of Apple in a report on Tuesday, September 10th. Sanford C. Bernstein raised their target price on shares of Apple from $195.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $265.00 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 given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.76.

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.