Apple Inc. (NASDAQ:AAPL) is waypoint wealth counsel’s 8th Largest Position

waypoint wealth counsel raised its stake in Apple Inc. (NASDAQ:AAPL) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,190 shares of the iPhone maker’s stock after buying an additional 95 shares during the quarter. Apple accounts for about 4.5% of waypoint wealth counsel’s holdings, making the stock its 8th biggest position. waypoint wealth counsel’s holdings in Apple were worth $5,937,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc acquired a new position in Apple in the 1st quarter valued at approximately $35,000. A.P. Gilfoyle & Co. L.P. acquired a new position in Apple in the 4th quarter valued at approximately $39,000. University of Texas Texas AM Investment Managment Co. increased its stake in Apple by 657.1% in the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after buying an additional 368 shares during the period. Clarity Asset Management Inc. acquired a new position in Apple in the 4th quarter valued at approximately $85,000. Finally, Clear Street Markets LLC increased its stake in Apple by 100.6% in the 4th quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock valued at $93,000 after buying an additional 83,965 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on AAPL shares. Robert W. Baird upped their price objective on shares of Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Wedbush restated an “outperform” rating and set a $285.00 price target on shares of Apple in a report on Monday, September 9th. Cfra raised their price target on shares of Apple from $240.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Piper Sandler Companies restated a “neutral” rating and set a $225.00 price target (up previously from $190.00) on shares of Apple in a report on Tuesday, July 9th. Finally, UBS Group raised their price target on shares of Apple from $190.00 to $236.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.17.

Insider Activity

In other news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the sale, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the sale, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction dated 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 sale, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,884 shares of company stock worth $23,723,887. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

NASDAQ AAPL opened at $216.79 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The firm has a market capitalization of $3.32 trillion, a price-to-earnings ratio of 33.72, a P/E/G ratio of 2.62 and a beta of 1.24. The company’s fifty day moving average is $222.67 and its two-hundred day moving average is $199.26. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.23.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.06. The company had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the business posted $1.26 EPS. Equities research analysts forecast that Apple Inc. will post 6.7 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. Apple’s dividend payout ratio (DPR) is currently 15.55%.

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.