Vantage Financial Partners LLC Acquires 550 Shares of Apple Inc. (NASDAQ:AAPL)

Vantage Financial Partners LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.1% during the second quarter, HoldingsChannel reports. The firm owned 18,155 shares of the iPhone maker’s stock after acquiring an additional 550 shares during the quarter. Apple comprises 1.0% of Vantage Financial Partners LLC’s holdings, making the stock its 20th largest holding. Vantage Financial Partners LLC’s holdings in Apple were worth $3,824,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Pacifica Partners Inc. raised its stake in shares of Apple by 8.4% in the 1st quarter. Pacifica Partners Inc. now owns 62,999 shares of the iPhone maker’s stock valued at $10,755,000 after purchasing an additional 4,894 shares during the period. Perkins Coie Trust Co grew its holdings in shares of Apple by 0.7% during the first quarter. Perkins Coie Trust Co now owns 100,853 shares of the iPhone maker’s stock worth $17,294,000 after buying an additional 741 shares in the last quarter. Doliver Advisors LP raised its position in Apple by 5.0% in the 1st quarter. Doliver Advisors LP now owns 25,688 shares of the iPhone maker’s stock valued at $4,405,000 after buying an additional 1,222 shares during the last quarter. Whitaker Myers Wealth Managers LTD. lifted its stake in Apple by 20.5% in the 1st quarter. Whitaker Myers Wealth Managers LTD. now owns 14,097 shares of the iPhone maker’s stock valued at $2,417,000 after acquiring an additional 2,399 shares in the last quarter. Finally, Capital Planning LLC boosted its position in Apple by 9.0% during the 1st quarter. Capital Planning LLC now owns 23,866 shares of the iPhone maker’s stock worth $4,092,000 after acquiring an additional 1,966 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling

In related news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Luca Maestri sold 59,305 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the transaction, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 517,924 shares of company stock valued at $114,786,399 over the last quarter. 0.06% of the stock is owned by company insiders.

Apple Stock Up 0.4 %

Shares of AAPL opened at $231.41 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The firm’s 50 day moving average is $226.86 and its 200-day moving average is $210.64. The stock has a market capitalization of $3.55 trillion, a PE ratio of 35.99, 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, topping analysts’ consensus estimates of $1.34 by $0.06. The firm had revenue of $85.78 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $1.26 EPS. Equities research analysts forecast that Apple Inc. will post 6.65 EPS for the current year.

Apple Dividend Announcement

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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Analysts Set New Price Targets

A number of analysts have recently commented on AAPL shares. Raymond James boosted their price objective on shares of Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Piper Sandler Companies reissued a “neutral” rating and set a $225.00 price target (up from $190.00) on shares of Apple in a research report on Tuesday, July 9th. Tigress Financial raised their price objective on Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a report on Wednesday, August 28th. Cfra lifted their target price on Apple from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Finally, Wedbush reissued an “outperform” rating and set a $285.00 price target on shares of Apple in a research report on Monday, September 9th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $235.91.

About Apple

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.