Cahill Financial Advisors Inc. Has $19.17 Million Stake in Apple Inc. (NASDAQ:AAPL)

Cahill Financial Advisors Inc. increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 82,293 shares of the iPhone maker’s stock after acquiring an additional 439 shares during the period. Apple makes up about 2.6% of Cahill Financial Advisors Inc.’s holdings, making the stock its 10th largest holding. Cahill Financial Advisors Inc.’s holdings in Apple were worth $19,174,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its stake in Apple by 20,372.7% during the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after buying an additional 93,886,664 shares in the last quarter. Strategic Financial Concepts LLC boosted its stake in Apple by 14,145.8% during the second quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock valued at $1,603,000 after buying an additional 7,558,826 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Apple by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after buying an additional 5,893,741 shares in the last quarter. Pathway Financial Advisers LLC boosted its stake in Apple by 22,870.6% during the third quarter. Pathway Financial Advisers LLC now owns 5,590,588 shares of the iPhone maker’s stock valued at $1,302,607,000 after buying an additional 5,566,250 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new position in Apple during the second quarter valued at about $834,368,000. 67.73% of the stock is currently owned by institutional investors.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $236.00 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The business’s 50 day moving average is $241.68 and its two-hundred day moving average is $230.84. The company has a market cap of $3.55 trillion, a P/E ratio of 38.82, a P/E/G ratio of 2.39 and a beta of 1.20. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. On average, equities analysts expect that Apple Inc. will post 7.34 EPS for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Monday, February 10th. Apple’s dividend payout ratio is presently 16.45%.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several research reports. StockNews.com cut Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Barclays increased their price target on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research report on Friday. Sanford C. Bernstein increased their price target on Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Moffett Nathanson reiterated a “sell” rating and issued a $188.00 price target (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $225.00 price target on shares of Apple in a research report on Wednesday, October 9th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $242.52.

Insider Activity

In related news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the sale, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

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.