Burney Co. Has $101.79 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Burney Co. lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 2.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 483,295 shares of the iPhone maker’s stock after buying an additional 9,899 shares during the quarter. Apple makes up 3.9% of Burney Co.’s portfolio, making the stock its 2nd biggest position. Burney Co.’s holdings in Apple were worth $101,792,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Christopher J. Hasenberg Inc acquired a new stake in Apple in the first quarter worth $35,000. Fidelis Capital Partners LLC raised its stake in Apple by 17.9% during the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after acquiring an additional 31,278 shares in the last quarter. A.P. Gilfoyle & Co. L.P. bought a new stake in Apple during the 4th quarter valued at $39,000. University of Texas Texas AM Investment Managment Co. boosted its position 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 worth $82,000 after acquiring an additional 368 shares during the period. Finally, Clarity Asset Management Inc. bought a new position in shares of Apple in the fourth quarter worth $85,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Apple Stock Up 0.5 %

NASDAQ AAPL opened at $226.80 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The firm has a market cap of $3.48 trillion, a PE ratio of 35.27, a price-to-earnings-growth ratio of 2.66 and a beta of 1.24. The stock’s 50 day simple moving average is $222.90 and its 200 day simple moving average is $204.06. Apple Inc. has a one year low of $164.07 and a one year high of $237.23.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share 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 company had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts forecast that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced 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. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Apple’s payout ratio is currently 15.55%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AAPL. Cfra lifted their price target on Apple from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Evercore ISI restated a “buy” rating and set a $250.00 price target on shares of Apple in a report on Thursday, September 26th. Rosenblatt Securities restated a “buy” rating and set a $261.00 price target on shares of Apple in a report on Tuesday, September 10th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $265.00 price objective on shares of Apple in a report on Tuesday, September 10th. Finally, New Street Research reiterated a “neutral” rating and set a $225.00 price target on shares of Apple in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $238.76.

Insider Activity

In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were 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 in the company, valued at approximately $39,542,136.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Apple 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 owns 191,543 shares in the company, valued at approximately $39,542,136.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Chris Kondo sold 8,706 shares of the business’s stock in a transaction dated 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 directly owns 15,419 shares in the company, valued at $3,469,275. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 458,619 shares of company stock valued at $101,352,630 in the last quarter. Company insiders own 0.06% of the company’s stock.

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.