Apple Inc. (NASDAQ:AAPL) Stock Holdings Raised by Index Fund Advisors Inc.

Index Fund Advisors Inc. increased its position in Apple Inc. (NASDAQ:AAPL) by 6.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,655 shares of the iPhone maker’s stock after purchasing an additional 3,633 shares during the period. Apple accounts for 0.8% of Index Fund Advisors Inc.’s portfolio, making the stock its 10th biggest position. Index Fund Advisors Inc.’s holdings in Apple were worth $13,407,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Davis Capital Management boosted its holdings in Apple by 1.4% in the first quarter. Davis Capital Management now owns 14,679 shares of the iPhone maker’s stock worth $2,496,000 after acquiring an additional 203 shares in the last quarter. Insight Wealth Strategies LLC boosted its holdings in Apple by 43.4% in the first quarter. Insight Wealth Strategies LLC now owns 60,185 shares of the iPhone maker’s stock worth $10,320,000 after acquiring an additional 18,224 shares in the last quarter. Somerset Trust Co boosted its holdings in Apple by 0.9% in the first quarter. Somerset Trust Co now owns 55,827 shares of the iPhone maker’s stock worth $9,573,000 after acquiring an additional 471 shares in the last quarter. Prism Advisors Inc. boosted its holdings in Apple by 12.7% in the first quarter. Prism Advisors Inc. now owns 6,143 shares of the iPhone maker’s stock worth $1,053,000 after acquiring an additional 693 shares in the last quarter. Finally, Hilltop Wealth Advisors LLC bought a new stake in Apple in the first quarter worth $686,000. 60.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on AAPL. Morgan Stanley reissued an “overweight” rating and issued a $273.00 target price on shares of Apple in a report on Tuesday, September 10th. Evercore ISI reissued a “buy” rating and issued a $250.00 target price on shares of Apple in a report on Thursday, September 26th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $265.00 target price on shares of Apple in a report on Tuesday, September 10th. Wedbush reaffirmed an “outperform” rating and set a $285.00 price target on shares of Apple in a report on Monday, September 9th. Finally, StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $239.27.

Apple Stock Performance

Shares of AAPL opened at $235.00 on Friday. 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 business has a 50-day simple moving average of $225.78 and a two-hundred day simple moving average of $207.84. The stock has a market cap of $3.60 trillion, a price-to-earnings ratio of 36.55, a PEG ratio of 2.40 and a beta of 1.24. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The business had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. During the same quarter in the prior year, the business posted $1.26 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts expect that Apple Inc. will post 6.65 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio is currently 15.55%.

Insider Buying and Selling

In related news, CFO Luca Maestri sold 59,305 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the completion of the sale, the chief financial officer now owns 107,788 shares in the company, valued at approximately $24,416,137.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Apple news, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Luca Maestri sold 59,305 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 107,788 shares of the company’s stock, valued at $24,416,137.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 517,924 shares of company stock worth $114,786,399. 0.06% of the stock is 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.