Compton Financial Group LLC Increases Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Compton Financial Group LLC lifted its stake in Apple Inc. (NASDAQ:AAPL) by 10.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,446 shares of the iPhone maker’s stock after purchasing an additional 500 shares during the quarter. Apple comprises 0.4% of Compton Financial Group LLC’s portfolio, making the stock its 12th biggest holding. Compton Financial Group LLC’s holdings in Apple were worth $1,147,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the business. Foresight Capital Management Advisors Inc. increased its holdings in Apple by 0.3% in the 2nd quarter. Foresight Capital Management Advisors Inc. now owns 19,005 shares of the iPhone maker’s stock worth $4,003,000 after purchasing an additional 55 shares in the last quarter. Hoese & Co LLP increased its holdings 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. Stableford Capital II LLC increased its holdings 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 purchasing an additional 59 shares in the last quarter. Whitcomb & Hess Inc. increased its holdings in Apple by 1.7% in the 2nd quarter. Whitcomb & Hess Inc. now owns 3,540 shares of the iPhone maker’s stock worth $746,000 after purchasing an additional 59 shares in the last quarter. Finally, Kwmg LLC increased its stake in shares of Apple by 0.6% in the first quarter. Kwmg LLC now owns 10,640 shares of the iPhone maker’s stock valued at $1,825,000 after buying an additional 60 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Stock Down 2.8 %

Shares of NASDAQ AAPL opened at $216.32 on Tuesday. 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 firm has a market capitalization of $3.32 trillion, a price-to-earnings ratio of 33.64, a PEG ratio of 2.62 and a beta of 1.24. The stock has a 50 day moving average price of $222.91 and a 200 day moving average price of $199.00. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.23.

Apple (NASDAQ:AAPL) last issued 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 company had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. Apple’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Sell-side analysts expect that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.46%. The ex-dividend date was Monday, August 12th. Apple’s payout ratio is 15.55%.

Insider Buying and Selling at Apple

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 value of $20,644,000.00. Following the sale, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction of $20,644,000.00. Following the sale, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Chris Kondo sold 5,178 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the sale, the insider now directly owns 24,125 shares in the company, valued at $5,223,062.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 113,884 shares of company stock valued at $23,723,887. 0.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein increased their price target on Apple from $195.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, June 21st. Melius Research reissued a “buy” rating and issued a $265.00 price target on shares of Apple in a research note on Tuesday, August 27th. Barclays decreased their price target on Apple from $187.00 to $186.00 and set an “underweight” rating for the company in a research note on Friday, August 2nd. Bank of America reissued a “buy” rating and issued a $256.00 price target on shares of Apple in a research note on Thursday, September 5th. Finally, Rosenblatt Securities restated a “buy” rating and set a $261.00 target price on shares of Apple in a research report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $239.17.

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.