Alpha Financial Partners LLC Has $1.21 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Alpha Financial Partners LLC increased its holdings in Apple Inc. (NASDAQ:AAPL) by 10.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,757 shares of the iPhone maker’s stock after purchasing an additional 554 shares during the quarter. Apple makes up 1.1% of Alpha Financial Partners LLC’s investment portfolio, making the stock its 14th biggest holding. Alpha Financial Partners LLC’s holdings in Apple were worth $1,213,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Bellwether Advisors LLC boosted its position in shares of Apple by 387.3% during the 2nd quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker’s stock worth $5,128,000 after purchasing an additional 19,352 shares in the last quarter. Gentry Private Wealth LLC bought a new stake in shares of Apple during the second quarter valued at approximately $876,000. WT Asset Management Ltd bought a new stake in shares of Apple during the second quarter valued at approximately $80,057,000. TD Asset Management Inc lifted its holdings in shares of Apple by 10.3% in the 2nd 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 in the last quarter. Finally, Councilmark Asset Management LLC bought a new position in shares of Apple in the 1st quarter worth $11,776,000. 60.41% of the stock is owned by institutional investors.

Apple Trading Down 0.4 %

Shares of Apple stock opened at $222.01 on Tuesday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.49. 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 company has a market cap of $3.38 trillion, a P/E ratio of 36.51, a price-to-earnings-growth ratio of 2.41 and a beta of 1.24. The firm has a 50-day simple moving average of $227.07 and a two-hundred day simple moving average of $213.03.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 145.09%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.46 EPS. As a group, equities analysts predict that Apple Inc. will post 7.48 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, November 8th. Apple’s dividend payout ratio is currently 16.45%.

Insider Buying and Selling at Apple

In other news, insider Chris Kondo sold 5,178 shares of the firm’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 owns 24,125 shares in the company, valued at $5,223,062.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Chris Kondo sold 5,178 shares of the firm’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 completion of the transaction, the insider now directly owns 24,125 shares in the company, valued at $5,223,062.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Katherine L. Adams sold 61,019 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the sale, the senior vice president now directly owns 187,043 shares in the company, valued at approximately $42,309,126.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 417,924 shares of company stock worth $94,142,399 in the last three months. 0.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on AAPL shares. UBS Group reissued a “hold” rating and set a $236.00 price objective on shares of Apple in a report on Wednesday, October 16th. Evercore ISI restated a “buy” rating and set a $250.00 price target on shares of Apple in a report on Thursday, September 26th. Bank of America reiterated a “buy” rating and issued a $256.00 price objective on shares of Apple in a research note on Thursday, October 3rd. Rosenblatt Securities boosted their target price on Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $260.00 target price on shares of Apple in a research note on Friday. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $235.51.

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.