Apple Inc. (NASDAQ:AAPL) is Centennial Wealth Advisory LLC’s 8th Largest Position

Centennial Wealth Advisory LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 5.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,773 shares of the iPhone maker’s stock after purchasing an additional 1,529 shares during the quarter. Apple makes up about 2.6% of Centennial Wealth Advisory LLC’s holdings, making the stock its 8th biggest position. Centennial Wealth Advisory LLC’s holdings in Apple were worth $6,060,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of AAPL. Christopher J. Hasenberg Inc bought a new stake in Apple in the 1st quarter valued at about $35,000. Fidelis Capital Partners LLC lifted its stake in shares of Apple by 17.9% during the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after buying an additional 31,278 shares in the last quarter. A.P. Gilfoyle & Co. L.P. purchased a new stake in shares of Apple during the 4th quarter valued at approximately $39,000. University of Texas Texas AM Investment Managment Co. raised its holdings in Apple by 657.1% during the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after acquiring an additional 368 shares during the period. Finally, Clarity Asset Management Inc. purchased a new stake in shares of Apple during the fourth quarter worth $85,000. Institutional investors own 60.41% of the company’s stock.

Apple Stock Down 0.3 %

NASDAQ AAPL opened at $228.20 on Monday. 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. The company has a market capitalization of $3.50 trillion, a P/E ratio of 35.49, a price-to-earnings-growth ratio of 2.62 and a beta of 1.24. The stock’s 50-day moving average price is $222.41 and its 200-day moving average price is $200.41.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating the consensus estimate of $1.34 by $0.06. The firm had revenue of $85.78 billion for 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%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $1.26 EPS. On average, equities research analysts predict 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 paid a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s payout ratio is 15.55%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AAPL. TD Cowen increased their price objective on Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 29th. UBS Group upped their target price on shares of Apple from $190.00 to $236.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Piper Sandler reaffirmed a “neutral” rating and issued a $225.00 price target on shares of Apple in a report on Tuesday, September 10th. Piper Sandler Companies reissued a “neutral” rating and set a $225.00 price objective (up previously from $190.00) on shares of Apple in a research note on Tuesday, July 9th. Finally, Robert W. Baird raised their price target on Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $239.17.

Insider Buying and Selling at Apple

In related news, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Apple news, insider Chris Kondo sold 5,178 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the transaction, the insider now owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the sale, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. The disclosure for this sale can be found here. Insiders sold a total of 113,884 shares of company stock valued at $23,723,887 in the last three months. 0.06% of the stock is currently owned by corporate insiders.

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.