Apple Inc. (NASDAQ:AAPL) Stock Holdings Increased by Orgel Wealth Management LLC

Orgel Wealth Management LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 4.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,495 shares of the iPhone maker’s stock after buying an additional 359 shares during the period. Orgel Wealth Management LLC’s holdings in Apple were worth $1,789,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc acquired a new position in shares of Apple in the 1st quarter valued at $35,000. Fidelis Capital Partners LLC lifted its stake in Apple by 17.9% during the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after buying an additional 31,278 shares in the last quarter. A.P. Gilfoyle & Co. L.P. acquired a new position in shares of Apple in the fourth quarter worth about $39,000. University of Texas Texas AM Investment Managment Co. increased its position in shares of Apple by 657.1% in the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after acquiring an additional 368 shares in the last quarter. Finally, Clarity Asset Management Inc. acquired a new stake in shares of Apple during the fourth quarter valued at approximately $85,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Stock Down 0.3 %

Shares of NASDAQ AAPL opened at $228.20 on Monday. The stock has a market capitalization of $3.50 trillion, a P/E ratio of 35.49, a PEG ratio of 2.62 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. Apple Inc. has a one year low of $164.07 and a one year high of $237.23. The firm’s 50 day simple moving average is $222.41 and its two-hundred day simple moving average is $200.41.

Apple (NASDAQ:AAPL) last posted 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 company had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. During the same period in the prior year, the business posted $1.26 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. As a group, analysts expect that Apple Inc. will post 6.7 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio is currently 15.55%.

Insider Activity

In other news, SVP Katherine L. Adams sold 100,000 shares of the business’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 of the company’s stock, valued at approximately $39,542,136.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Chris Kondo sold 8,706 shares of the stock in a transaction that occurred 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 approximately $3,469,275. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 113,884 shares of company stock worth $23,723,887. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AAPL shares. Erste Group Bank upgraded Apple from a “hold” rating to a “buy” rating in a report on Friday, June 14th. Raymond James upped their target price on Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Loop Capital upgraded shares of Apple from a “hold” rating to a “buy” rating and raised their price target for the stock from $170.00 to $300.00 in a report on Monday, July 15th. KeyCorp reiterated a “hold” rating and issued a $247.61 price objective on shares of Apple in a research note on Wednesday, August 28th. Finally, Bank of America reissued a “buy” rating and set a $256.00 target price on shares of Apple in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $239.17.

Apple 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.