Capital Advisory Group Advisory Services LLC Buys 251 Shares of Apple Inc. (NASDAQ:AAPL)

Capital Advisory Group Advisory Services LLC grew its stake in Apple Inc. (NASDAQ:AAPL) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,537 shares of the iPhone maker’s stock after purchasing an additional 251 shares during the quarter. Apple comprises about 1.3% of Capital Advisory Group Advisory Services LLC’s holdings, making the stock its 18th biggest holding. Capital Advisory Group Advisory Services LLC’s holdings in Apple were worth $3,062,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Foresight Capital Management Advisors Inc. increased its position in shares of Apple by 0.3% during the 2nd quarter. Foresight Capital Management Advisors Inc. now owns 19,005 shares of the iPhone maker’s stock valued at $4,003,000 after purchasing an additional 55 shares during the last quarter. Altus Wealth Management LLC grew its position in 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 grew its position in Apple by 6.7% during the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after buying an additional 57 shares during the period. Stableford Capital II LLC increased its holdings in Apple by 0.3% during the first quarter. Stableford Capital II LLC now owns 17,156 shares of the iPhone maker’s stock valued at $2,942,000 after buying an additional 59 shares during the last quarter. Finally, Whitcomb & Hess Inc. raised its position in Apple by 1.7% in the second quarter. Whitcomb & Hess Inc. now owns 3,540 shares of the iPhone maker’s stock worth $746,000 after acquiring an additional 59 shares during the period. 60.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the sale, the insider now directly owns 15,419 shares in the company, valued at $3,469,275. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Apple news, insider Chris Kondo sold 8,706 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the transaction, the insider now owns 15,419 shares in the company, valued at $3,469,275. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 113,884 shares of company stock valued at $23,723,887. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AAPL shares. StockNews.com raised shares of Apple from a “hold” rating to a “buy” rating in a research report on Friday. Moffett Nathanson began 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. Tigress Financial lifted their price objective on Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 28th. Rosenblatt Securities reiterated a “buy” rating and set a $261.00 price objective on shares of Apple in a research note on Tuesday, September 10th. Finally, Barclays decreased their target price on shares of Apple from $187.00 to $186.00 and set an “underweight” rating on the stock in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.17.

Apple Price Performance

AAPL stock opened at $228.20 on Monday. The company has a fifty day simple moving average of $222.41 and a two-hundred day simple moving average of $200.41. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.23. 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 firm has a market capitalization of $3.50 trillion, a P/E ratio of 35.49, a price-to-earnings-growth ratio of 2.62 and a beta of 1.24.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The firm had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. During the same quarter last year, the firm earned $1.26 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts anticipate that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Announces Dividend

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