Kapstone Financial Advisors LLC Has $19.24 Million Position in Apple Inc. (NASDAQ:AAPL)

Kapstone Financial Advisors LLC decreased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 91,338 shares of the iPhone maker’s stock after selling 84 shares during the period. Apple accounts for about 12.6% of Kapstone Financial Advisors LLC’s portfolio, making the stock its 2nd largest holding. Kapstone Financial Advisors LLC’s holdings in Apple were worth $19,238,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of AAPL. Fidelis Capital Partners LLC raised its stake in Apple by 17.9% in the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after purchasing an additional 31,278 shares in the last quarter. Access Investment Management LLC acquired a new stake in Apple in the 1st quarter worth about $140,000. Hoese & Co LLP raised its stake in Apple by 6.7% in the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after purchasing an additional 57 shares in the last quarter. Sage Financial Group Inc. acquired a new stake in Apple in the 2nd quarter worth about $206,000. Finally, Benchmark Wealth Management LLC acquired a new stake in Apple in the 2nd quarter worth about $208,000. Institutional investors own 60.41% of the company’s stock.

Apple Trading Up 1.2 %

NASDAQ:AAPL opened at $235.00 on Friday. The firm’s fifty day moving average is $225.78 and its 200-day moving average is $208.11. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. The firm has a market cap of $3.60 trillion, a P/E ratio of 36.55, a P/E/G ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted 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 for the quarter, compared to analyst estimates of $84.43 billion. During the same period in the prior year, the firm posted $1.26 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts expect that Apple Inc. will post 6.65 earnings per share for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were given a dividend of $0.25 per share. 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 0.43%. Apple’s payout ratio is presently 15.55%.

Insider Activity at Apple

In related news, COO Jeffrey E. Williams sold 59,730 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the transaction, the chief operating officer now owns 489,944 shares in the company, valued at $111,148,695.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 59,730 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the transaction, the chief operating officer now owns 489,944 shares in the company, valued at approximately $111,148,695.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 517,924 shares of company stock worth $114,786,399 in the last quarter. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on AAPL shares. Jefferies Financial Group cut shares of Apple from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $205.00 to $212.92 in a research note on Monday, October 7th. Evercore ISI restated a “buy” rating and issued a $250.00 target price on shares of Apple in a research report on Thursday, September 26th. Loop Capital upgraded shares of Apple from a “hold” rating to a “buy” rating and boosted their target price for the company from $170.00 to $300.00 in a research report on Monday, July 15th. Barclays restated an “underweight” rating and issued a $186.00 target price on shares of Apple in a research report on Tuesday, October 1st. Finally, KeyCorp restated a “hold” rating and issued a $247.61 target price on shares of Apple in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $239.27.

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.