Strata Wealth Advisors LLC Grows Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Strata Wealth Advisors LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 6.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,992 shares of the iPhone maker’s stock after purchasing an additional 1,157 shares during the period. Apple comprises 1.3% of Strata Wealth Advisors LLC’s portfolio, making the stock its 12th biggest holding. Strata Wealth Advisors LLC’s holdings in Apple were worth $3,789,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Nvest Financial LLC boosted its position in shares of Apple by 3.9% during the first quarter. Nvest Financial LLC now owns 34,386 shares of the iPhone maker’s stock worth $5,896,000 after acquiring an additional 1,299 shares during the last quarter. Myecfo LLC increased its stake in Apple by 2.5% in the 1st quarter. Myecfo LLC now owns 15,356 shares of the iPhone maker’s stock worth $2,633,000 after buying an additional 376 shares during the period. Naviter Wealth LLC raised its stake in shares of Apple by 25.4% during the first quarter. Naviter Wealth LLC now owns 91,088 shares of the iPhone maker’s stock valued at $15,620,000 after acquiring an additional 18,441 shares in the last quarter. Saxon Interests Inc. raised its position in Apple by 8.9% during the 1st quarter. Saxon Interests Inc. now owns 41,398 shares of the iPhone maker’s stock valued at $7,099,000 after purchasing an additional 3,383 shares in the last quarter. Finally, MBM Wealth Consultants LLC lifted its stake in Apple by 4.5% in the first quarter. MBM Wealth Consultants LLC now owns 13,278 shares of the iPhone maker’s stock worth $2,277,000 after acquiring an additional 575 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling

In related news, CFO Luca Maestri sold 59,305 shares of the firm’s 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 owns 107,788 shares of the company’s stock, valued at $24,416,137.76. 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, COO Jeffrey E. Williams sold 59,730 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total value of $13,550,347.80. Following the completion of the transaction, the chief operating officer now owns 489,944 shares in the company, valued at approximately $111,148,695.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Luca Maestri sold 59,305 shares of the company’s 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 owns 107,788 shares in the company, valued at $24,416,137.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 412,746 shares of company stock worth $93,021,362 in the last quarter. 0.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of analyst reports. Evercore ISI restated a “buy” rating and set a $250.00 target price on shares of Apple in a report on Thursday, September 26th. StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Moffett Nathanson initiated coverage on Apple in a report on Monday, August 19th. They set a “neutral” rating and a $211.00 target price for the company. Raymond James increased their price target on Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Morgan Stanley restated an “overweight” rating and issued a $273.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $235.51.

Apple Stock Down 1.2 %

NASDAQ:AAPL opened at $224.23 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $3.39 trillion, a price-to-earnings ratio of 36.88, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. The stock’s fifty day moving average is $226.82 and its two-hundred day moving average is $214.68.

Apple (NASDAQ:AAPL) last released its earnings results 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 net margin of 23.97% and a return on equity of 152.94%. The company had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. During the same period in the prior year, the business earned $1.46 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. Research analysts anticipate 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. Shareholders 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 is Friday, November 8th. Apple’s payout ratio is 16.45%.

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.