Apple Inc. (NASDAQ:AAPL) Shares Acquired by Addison Advisors LLC

Addison Advisors LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 1.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 28,725 shares of the iPhone maker’s stock after acquiring an additional 382 shares during the period. Apple comprises approximately 2.0% of Addison Advisors LLC’s holdings, making the stock its 11th biggest holding. Addison Advisors LLC’s holdings in Apple were worth $6,050,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Artemis Wealth Advisors LLC grew its holdings in Apple by 24.7% in the second quarter. Artemis Wealth Advisors LLC now owns 48,809 shares of the iPhone maker’s stock valued at $10,280,000 after purchasing an additional 9,680 shares during the period. Farmers & Merchants Investments Inc. increased its stake in Apple by 0.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 462,890 shares of the iPhone maker’s stock worth $97,494,000 after acquiring an additional 1,319 shares during the last quarter. Synergy Asset Management LLC lifted its stake in shares of Apple by 3.8% in the 2nd quarter. Synergy Asset Management LLC now owns 118,904 shares of the iPhone maker’s stock valued at $25,044,000 after purchasing an additional 4,365 shares in the last quarter. Slocum Gordon & Co LLP increased its position in Apple by 3.6% during the 2nd quarter. Slocum Gordon & Co LLP now owns 8,536 shares of the iPhone maker’s stock worth $1,798,000 after purchasing an additional 300 shares in the last quarter. Finally, Blue Barn Wealth LLC grew its stake in Apple by 4.3% during the second quarter. Blue Barn Wealth LLC now owns 3,244 shares of the iPhone maker’s stock worth $683,000 after buying an additional 134 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Stock Up 0.6 %

AAPL opened at $236.48 on Tuesday. The firm has a market cap of $3.63 trillion, a P/E ratio of 36.78, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24. 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 business has a 50 day moving average price of $226.16 and a 200 day moving average price of $208.86. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data 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 business had revenue of $85.78 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 earnings per share. Research analysts forecast that Apple Inc. will post 6.65 EPS for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.42%. Apple’s payout ratio is presently 15.55%.

Analysts Set New Price Targets

Several brokerages recently issued reports on AAPL. Oppenheimer reiterated a “buy” rating and issued a $250.00 price target on shares of Apple in a report on Tuesday, October 1st. Melius Research reaffirmed a “buy” rating and issued a $265.00 price objective on shares of Apple in a research report on Tuesday, August 27th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $265.00 target price on shares of Apple in a research report on Tuesday, September 10th. Piper Sandler Companies reaffirmed a “neutral” rating and set a $225.00 price target (up previously from $190.00) on shares of Apple in a research note on Tuesday, July 9th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $225.00 price target on shares of Apple in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average price target of $239.27.

Insider Buying and Selling

In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. 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. In related news, insider Chris Kondo sold 5,178 shares of the business’s 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 transaction, the insider now directly owns 24,125 shares in the company, valued at $5,223,062.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction that occurred 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 owns 191,543 shares of the company’s stock, valued at $39,542,136.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 517,924 shares of company stock valued at $114,786,399. Insiders own 0.06% of the company’s stock.

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.