Waypoint Capital Advisors LLC Has $10.56 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Waypoint Capital Advisors LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,135 shares of the iPhone maker’s stock after purchasing an additional 219 shares during the period. Apple comprises 2.6% of Waypoint Capital Advisors LLC’s investment portfolio, making the stock its 9th largest holding. Waypoint Capital Advisors LLC’s holdings in Apple were worth $10,559,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Tranquility Partners LLC increased its holdings in Apple by 1.9% in the second quarter. Tranquility Partners LLC now owns 44,835 shares of the iPhone maker’s stock valued at $9,443,000 after purchasing an additional 828 shares during the period. Tanager Wealth Management LLP grew its position in shares of Apple by 1.3% in the 2nd quarter. Tanager Wealth Management LLP now owns 90,376 shares of the iPhone maker’s stock valued at $19,035,000 after buying an additional 1,162 shares during the last quarter. Sterling Investment Counsel LLC increased its stake in shares of Apple by 17.9% in the second quarter. Sterling Investment Counsel LLC now owns 67,259 shares of the iPhone maker’s stock valued at $14,166,000 after buying an additional 10,210 shares during the period. Institute for Wealth Management LLC. raised its holdings in Apple by 2.8% during the 2nd quarter. Institute for Wealth Management LLC. now owns 128,382 shares of the iPhone maker’s stock worth $27,040,000 after purchasing an additional 3,476 shares during the last quarter. Finally, Baillie Gifford & Co. raised its stake in Apple by 13.7% during the second quarter. Baillie Gifford & Co. now owns 731,528 shares of the iPhone maker’s stock worth $154,074,000 after buying an additional 87,866 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AAPL shares. Cfra boosted their price target on Apple from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. The Goldman Sachs Group raised their price target on shares of Apple from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. StockNews.com raised Apple from a “hold” rating to a “buy” rating in a research note on Friday, September 20th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $265.00 target price on shares of Apple in a research report on Tuesday, September 10th. Finally, Loop Capital raised Apple from a “hold” rating to a “buy” rating and increased their price target for the company from $170.00 to $300.00 in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $238.76.

Apple Stock Up 0.1 %

AAPL opened at $227.79 on Monday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.23. The company has a market cap of $3.49 trillion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 2.66 and a beta of 1.24. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The company has a 50 day moving average of $222.19 and a 200 day moving average of $202.38.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping 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 analyst estimates of $84.43 billion. During the same period last year, the company earned $1.26 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, sell-side analysts expect that Apple Inc. will post 6.7 EPS for the current year.

Apple Dividend Announcement

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

Insider Transactions at Apple

In related news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were 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 owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Apple news, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction on 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 completion of the transaction, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,884 shares of company stock valued at $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.