Brighton Jones LLC Has $110.11 Million Position in Apple Inc. (NASDAQ:AAPL)

Brighton Jones LLC grew its position in Apple Inc. (NASDAQ:AAPL) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 522,769 shares of the iPhone maker’s stock after purchasing an additional 8,660 shares during the quarter. Apple makes up about 3.6% of Brighton Jones LLC’s portfolio, making the stock its 3rd largest position. Brighton Jones LLC’s holdings in Apple were worth $110,106,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AAPL. Fidelis Capital Partners LLC boosted its holdings in shares of Apple by 17.9% during the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after buying an additional 31,278 shares in the last quarter. Access Investment Management LLC bought a new position in Apple during the first quarter worth $140,000. Hoese & Co LLP grew its holdings in Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after purchasing an additional 57 shares during the period. Sage Financial Group Inc. bought a new stake in Apple in the second quarter valued at $206,000. Finally, Benchmark Wealth Management LLC bought a new position in shares of Apple during the 2nd quarter worth about $208,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Up 2.1 %

NASDAQ:AAPL opened at $227.48 on Friday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The stock’s fifty day moving average price is $226.91 and its two-hundred day moving average price is $213.51. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The company has a market cap of $3.44 trillion, a P/E ratio of 37.41, a P/E/G ratio of 2.18 and a beta of 1.24.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. During the same quarter in the prior year, the firm posted $1.46 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, analysts expect that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple’s dividend payout ratio (DPR) is currently 16.45%.

Insider Activity

In other Apple news, SVP Katherine L. Adams sold 61,019 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total value of $13,802,497.80. Following the sale, the senior vice president now directly owns 187,043 shares in the company, valued at $42,309,126.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP Katherine L. Adams sold 61,019 shares of the business’s stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 187,043 shares in the company, valued at $42,309,126.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Luca Maestri sold 59,305 shares of the firm’s stock in a transaction dated 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 412,746 shares of company stock worth $93,021,362. 0.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AAPL. Cfra upped their price target on Apple from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. KeyCorp lowered Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price on the stock. in a research report on Friday, October 25th. JPMorgan Chase & Co. restated an “overweight” rating and set a $265.00 price target on shares of Apple in a research note on Tuesday, September 10th. The Goldman Sachs Group boosted their price target on shares of Apple from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $285.00 price objective on shares of Apple in a research note on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus price target 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.