Bordeaux Wealth Advisors LLC Has $35.53 Million Stake in Apple Inc. (NASDAQ:AAPL)

Bordeaux Wealth Advisors LLC raised its holdings in Apple Inc. (NASDAQ:AAPL) by 8.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 168,676 shares of the iPhone maker’s stock after acquiring an additional 13,807 shares during the quarter. Apple makes up about 6.8% of Bordeaux Wealth Advisors LLC’s portfolio, making the stock its 4th largest holding. Bordeaux Wealth Advisors LLC’s holdings in Apple were worth $35,527,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Bellwether Advisors LLC increased its position in Apple by 387.3% during the 2nd quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker’s stock valued at $5,128,000 after purchasing an additional 19,352 shares during the period. WT Asset Management Ltd bought a new position in Apple during the second quarter worth $80,057,000. Councilmark Asset Management LLC acquired a new position in Apple in the first quarter valued at $11,776,000. Hummer Financial Advisory Services Inc boosted its position in Apple by 2.2% during the first quarter. Hummer Financial Advisory Services Inc now owns 5,488 shares of the iPhone maker’s stock valued at $941,000 after acquiring an additional 120 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its holdings in Apple by 1.1% during the 1st quarter. Bleakley Financial Group LLC now owns 617,582 shares of the iPhone maker’s stock worth $105,903,000 after acquiring an additional 6,567 shares during the period. Institutional investors own 60.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AAPL. TD Cowen upped their target price on Apple from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Morgan Stanley restated an “overweight” rating and set a $273.00 price target on shares of Apple in a report on Tuesday, September 10th. Loop Capital upgraded shares of Apple from a “hold” rating to a “buy” rating and lifted their price objective for the company from $170.00 to $300.00 in a research note on Monday, July 15th. Bank of America reissued a “buy” rating and set a $256.00 target price on shares of Apple in a research note on Thursday, October 3rd. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $250.00 price target on shares of Apple in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $239.27.

Insider Activity at Apple

In other Apple 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 value of $20,644,000.00. Following the completion of the sale, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Apple 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 completion of the transaction, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $1,121,037.00. Following the completion of the sale, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 517,924 shares of company stock worth $114,786,399. Insiders own 0.06% of the company’s stock.

Apple Stock Up 1.2 %

AAPL stock opened at $235.00 on Monday. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.49. The stock has a market cap of $3.60 trillion, a P/E ratio of 36.55, a P/E/G ratio of 2.40 and a beta of 1.24. The stock’s fifty day simple moving average is $225.78 and its two-hundred day simple moving average is $208.38. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.

Apple (NASDAQ:AAPL) last issued its quarterly 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. The company 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 firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 EPS. Analysts expect that Apple Inc. will post 6.65 EPS for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. Apple’s dividend payout ratio (DPR) is presently 15.55%.

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.