Gryphon Financial Partners LLC Has $31.96 Million Stake in Apple Inc. (NASDAQ:AAPL)

Gryphon Financial Partners LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,754 shares of the iPhone maker’s stock after purchasing an additional 5,782 shares during the period. Apple comprises about 4.8% of Gryphon Financial Partners LLC’s investment portfolio, making the stock its 3rd largest position. Gryphon Financial Partners LLC’s holdings in Apple were worth $31,962,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AAPL. Bellwether Advisors LLC raised its stake in shares of Apple by 387.3% in the 2nd quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker’s stock valued at $5,128,000 after buying an additional 19,352 shares in the last quarter. Gentry Private Wealth LLC bought a new stake in Apple in the second quarter valued at about $876,000. WT Asset Management Ltd acquired a new position in Apple in the second quarter worth about $80,057,000. TD Asset Management Inc lifted its stake in Apple by 10.3% during the second quarter. TD Asset Management Inc now owns 16,745,201 shares of the iPhone maker’s stock worth $3,526,874,000 after purchasing an additional 1,557,848 shares during the period. Finally, Councilmark Asset Management LLC acquired a new stake in Apple during the first quarter valued at approximately $11,776,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Performance

Shares of Apple stock opened at $231.41 on Monday. The firm has a fifty day moving average of $226.86 and a two-hundred day moving average of $210.64. 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 stock has a market capitalization of $3.55 trillion, a price-to-earnings ratio of 35.99, 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 released its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating 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 the consensus estimate of $84.43 billion. During the same quarter in the prior year, the company posted $1.26 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. As a group, equities research analysts predict that Apple Inc. will post 6.65 EPS for the current year.

Apple Dividend Announcement

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

Insider Activity at Apple

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. 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 is accessible through the SEC website. In other Apple news, CFO Luca Maestri sold 59,305 shares of Apple 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 transaction, the chief financial officer now directly owns 107,788 shares in the company, valued at approximately $24,416,137.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This trade represents a 0.00 % decrease in their ownership of the stock. 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 currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AAPL shares. Needham & Company LLC reissued a “buy” rating and issued a $260.00 target price on shares of Apple in a report on Thursday, September 19th. Wedbush reiterated an “outperform” rating and issued a $285.00 price target on shares of Apple in a research report on Monday, September 9th. StockNews.com raised Apple from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. Moffett Nathanson began coverage on shares of Apple in a report on Monday, August 19th. They issued a “neutral” rating and a $211.00 target price on the stock. Finally, Raymond James lifted their price target on shares of Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.91.

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.