Security Financial Services INC. Buys 101 Shares of Apple Inc. (NASDAQ:AAPL)

Security Financial Services INC. increased its position in Apple Inc. (NASDAQ:AAPL) by 0.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,319 shares of the iPhone maker’s stock after purchasing an additional 101 shares during the period. Apple makes up approximately 1.9% of Security Financial Services INC.’s holdings, making the stock its 15th biggest position. Security Financial Services INC.’s holdings in Apple were worth $8,913,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Christopher J. Hasenberg Inc purchased a new position in shares of Apple in the first quarter worth $35,000. Fidelis Capital Partners LLC increased its holdings in Apple by 17.9% in the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after buying an additional 31,278 shares in the last quarter. A.P. Gilfoyle & Co. L.P. purchased a new position in Apple in the 4th quarter worth about $39,000. University of Texas Texas AM Investment Managment Co. lifted its stake in Apple by 657.1% during 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 acquiring an additional 368 shares during the period. Finally, Clarity Asset Management Inc. purchased a new stake in shares of Apple during the 4th quarter valued at about $85,000. 60.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AAPL has been the subject of several research reports. Moffett Nathanson assumed coverage on shares of Apple in a report on Monday, August 19th. They set a “neutral” rating and a $211.00 price objective for the company. Wedbush reissued an “outperform” rating and set a $285.00 price target on shares of Apple in a report on Monday, September 9th. Citigroup reaffirmed a “buy” rating and issued a $255.00 price objective on shares of Apple in a report on Tuesday, August 27th. Robert W. Baird increased their target price on Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Piper Sandler restated a “neutral” rating and set a $225.00 price target on shares of Apple in a research note on Tuesday, September 10th. One equities research 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $239.17.

Apple Price Performance

Shares of Apple stock opened at $226.47 on Tuesday. The firm has a market cap of $3.47 trillion, a PE ratio of 35.22, a PEG ratio of 2.62 and a beta of 1.24. The stock has a 50 day moving average of $222.25 and a 200 day moving average of $200.82. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.23.

Apple (NASDAQ:AAPL) last posted its 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 return on equity of 147.15% and a net margin of 26.44%. The firm had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. During the same period in the prior year, the company earned $1.26 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, research analysts expect that Apple Inc. will post 6.7 EPS for the current fiscal 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 issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Insider Activity

In related news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Chris Kondo sold 8,706 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the sale, the insider now owns 15,419 shares in the company, valued at approximately $3,469,275. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Katherine L. Adams sold 100,000 shares of Apple 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 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. 0.06% of the stock is currently owned by corporate insiders.

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.