Family Investment Center Inc. Has $1.96 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Family Investment Center Inc. lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 1.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,301 shares of the iPhone maker’s stock after buying an additional 130 shares during the period. Apple comprises approximately 0.6% of Family Investment Center Inc.’s portfolio, making the stock its 25th biggest position. Family Investment Center Inc.’s holdings in Apple were worth $1,959,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Christopher J. Hasenberg Inc acquired a new stake in Apple during the first quarter valued at $35,000. A.P. Gilfoyle & Co. L.P. acquired a new stake in Apple during the fourth quarter valued at $39,000. University of Texas Texas AM Investment Managment Co. boosted its position in Apple by 657.1% during the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after purchasing an additional 368 shares during the last quarter. Clarity Asset Management Inc. acquired a new stake in Apple during the fourth quarter valued at $85,000. Finally, Clear Street Markets LLC boosted its position in Apple by 100.6% during the fourth quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock valued at $93,000 after purchasing an additional 83,965 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. reissued an “overweight” rating and set a $265.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Rosenblatt Securities reissued a “buy” rating and set a $261.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Maxim Group restated a “hold” rating and set a $203.00 target price on shares of Apple in a report on Tuesday, September 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $273.00 price target on shares of Apple in a research report on Tuesday, September 10th. Finally, Moffett Nathanson assumed coverage on Apple in a research report on Monday, August 19th. They issued a “neutral” rating and a $211.00 price target for the company. 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $239.17.

Insider Activity

In other news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Chris Kondo sold 5,178 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value 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 ninety days, insiders have sold 113,884 shares of company stock worth $23,723,887. Company insiders own 0.06% of the company’s stock.

Apple Trading Up 1.8 %

Apple stock opened at $220.69 on Thursday. The business has a 50 day moving average price of $222.43 and a two-hundred day moving average price of $199.41. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The stock has a market cap of $3.38 trillion, a price-to-earnings ratio of 34.32, a price-to-earnings-growth ratio of 2.62 and a beta of 1.24. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.23.

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

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. Apple’s dividend payout ratio is currently 15.55%.

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.