Pure Financial Advisors LLC Has $35.86 Million Stake in Apple Inc. (NASDAQ:AAPL)

Pure Financial Advisors LLC cut its stake in Apple Inc. (NASDAQ:AAPL) by 3.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 170,273 shares of the iPhone maker’s stock after selling 5,475 shares during the quarter. Apple accounts for about 1.0% of Pure Financial Advisors LLC’s portfolio, making the stock its 22nd biggest position. Pure Financial Advisors LLC’s holdings in Apple were worth $35,863,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Foresight Capital Management Advisors Inc. grew its position in shares of Apple by 0.3% during the 2nd quarter. Foresight Capital Management Advisors Inc. now owns 19,005 shares of the iPhone maker’s stock valued at $4,003,000 after purchasing an additional 55 shares in the last quarter. Hoese & Co LLP boosted its stake in Apple by 6.7% during the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after buying an additional 57 shares during the period. Stableford Capital II LLC increased its stake in Apple by 0.3% in the 1st quarter. Stableford Capital II LLC now owns 17,156 shares of the iPhone maker’s stock worth $2,942,000 after acquiring an additional 59 shares during the last quarter. Whitcomb & Hess Inc. raised its holdings in shares of Apple by 1.7% in the 2nd quarter. Whitcomb & Hess Inc. now owns 3,540 shares of the iPhone maker’s stock valued at $746,000 after acquiring an additional 59 shares in the last quarter. Finally, Kwmg LLC boosted its position in shares of Apple by 0.6% during the 1st quarter. Kwmg LLC now owns 10,640 shares of the iPhone maker’s stock valued at $1,825,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Apple Trading Down 0.1 %

AAPL opened at $222.50 on Monday. The stock has a market cap of $3.41 trillion, a PE ratio of 34.60, a PEG ratio of 2.62 and a beta of 1.24. The business has a 50 day moving average of $223.14 and a 200-day moving average of $198.75. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.23. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping 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 firm had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. During the same period in the prior year, the firm earned $1.26 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. Equities research analysts predict that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were given a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Apple’s dividend payout ratio is currently 15.55%.

Insider Buying and Selling

In other news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was 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 directly owns 191,543 shares in the company, valued at $39,542,136.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the transaction, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction on 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 sale, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. 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 90 days. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AAPL shares. Evercore ISI reiterated an “outperform” rating and set a $250.00 target price on shares of Apple in a research report on Tuesday, August 27th. KeyCorp reaffirmed a “hold” rating and set a $247.61 price objective on shares of Apple in a report on Wednesday, August 28th. Morgan Stanley reissued an “overweight” rating and issued a $273.00 target price on shares of Apple in a research note on Tuesday, September 10th. Raymond James lifted their price target on Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Oppenheimer reissued an “outperform” rating and set a $250.00 price objective on shares of Apple in a report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $239.17.

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.