Apple Inc. (NASDAQ:AAPL) Holdings Boosted by Ergawealth Advisors Inc.

Ergawealth Advisors Inc. increased its position in Apple Inc. (NASDAQ:AAPL) by 2.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 31,852 shares of the iPhone maker’s stock after purchasing an additional 669 shares during the period. Apple accounts for about 3.7% of Ergawealth Advisors Inc.’s holdings, making the stock its 10th biggest holding. Ergawealth Advisors Inc.’s holdings in Apple were worth $6,709,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Foresight Capital Management Advisors Inc. grew its holdings in shares of Apple by 0.3% during the second quarter. Foresight Capital Management Advisors Inc. now owns 19,005 shares of the iPhone maker’s stock worth $4,003,000 after buying an additional 55 shares in the last quarter. Altus Wealth Management LLC lifted its stake in shares of Apple by 0.6% during the second quarter. Altus Wealth Management LLC now owns 9,508 shares of the iPhone maker’s stock valued at $2,002,000 after buying an additional 55 shares during the period. Hoese & Co LLP boosted its position in Apple by 6.7% during the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after acquiring an additional 57 shares during the last quarter. Stableford Capital II LLC grew its stake in Apple by 0.3% in the 1st quarter. Stableford Capital II LLC now owns 17,156 shares of the iPhone maker’s stock worth $2,942,000 after acquiring an additional 59 shares during the period. Finally, Whitcomb & Hess Inc. raised its holdings in Apple by 1.7% in the 2nd quarter. Whitcomb & Hess Inc. now owns 3,540 shares of the iPhone maker’s stock valued at $746,000 after acquiring an additional 59 shares during the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AAPL has been the topic of several analyst reports. Loop Capital upgraded Apple from a “hold” rating to a “buy” rating and raised their price objective for the stock from $170.00 to $300.00 in a report on Monday, July 15th. Wedbush reissued an “outperform” rating and issued a $285.00 price target on shares of Apple in a research note on Monday, September 9th. Evercore ISI reaffirmed an “outperform” rating and set a $250.00 price objective on shares of Apple in a research note on Monday, September 16th. DA Davidson upgraded shares of Apple from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $200.00 to $230.00 in a report on Tuesday, June 11th. Finally, The Goldman Sachs Group boosted their target price on shares of Apple from $265.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $239.17.

Insiders Place Their Bets

In other news, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were 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 approximately $5,223,062.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related 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 transaction of $20,644,000.00. Following the sale, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction on 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 of the company’s stock, valued at approximately $5,223,062.50. The disclosure for this sale can be found here. Insiders sold a total of 113,884 shares of company stock valued at $23,723,887 in the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Down 0.3 %

NASDAQ:AAPL opened at $228.20 on Friday. The stock has a market cap of $3.50 trillion, a price-to-earnings ratio of 35.49, a price-to-earnings-growth ratio of 2.62 and a beta of 1.24. Apple Inc. has a one year low of $164.07 and a one year high of $237.23. 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 business’s 50-day simple moving average is $222.41 and its 200 day simple moving average is $199.99.

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

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. Apple’s dividend payout ratio (DPR) is 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.