FFT Wealth Management LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 28.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,665 shares of the iPhone maker’s stock after purchasing an additional 2,334 shares during the period. FFT Wealth Management LLC’s holdings in Apple were worth $2,246,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the company. Yeomans Consulting Group Inc. acquired a new stake in Apple during the 4th quarter valued at $1,713,000. Golden Road Advisors LLC bought a new position in shares of Apple in the fourth quarter valued at about $1,575,000. Bellwether Advisors LLC lifted its stake in shares of Apple by 387.3% during the 2nd quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker’s stock worth $5,128,000 after buying an additional 19,352 shares during the last quarter. WT Asset Management Ltd bought a new stake in shares of Apple during the 2nd quarter worth about $80,057,000. Finally, Councilmark Asset Management LLC bought a new stake in shares of Apple during the 1st quarter worth about $11,776,000. 60.41% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, CFO Luca Maestri sold 59,305 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the completion of the transaction, the chief financial officer now directly owns 107,788 shares in the company, valued at $24,416,137.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Apple news, 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 value of $20,644,000.00. Following the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Luca Maestri sold 59,305 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $226.52, for a total value of $13,433,768.60. Following the transaction, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at $24,416,137.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 517,924 shares of company stock worth $114,786,399 in the last three months. 0.06% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on AAPL
Apple Trading Up 1.1 %
NASDAQ:AAPL opened at $233.85 on Wednesday. The company has a market cap of $3.59 trillion, a P/E ratio of 36.37, a P/E/G ratio of 2.40 and a beta of 1.24. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. 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 stock’s fifty day moving average price is $224.59 and its two-hundred day moving average price is $207.04.
Apple (NASDAQ:AAPL – Get Free Report) last issued its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping the consensus estimate of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The business 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 company earned $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 6.65 EPS for the current year.
Apple Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio (DPR) is presently 15.55%.
Apple Company 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.
See Also
- Five stocks we like better than Apple
- Transportation Stocks Investing
- Goldman Sachs Earnings Reveal Market Moves Investors Can’t Ignore
- When to Sell a Stock for Profit or Loss
- AMD Gains Momentum With AI: Can It Beat Expectations?
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Lithium Grab: 2 Lithium Stocks That Could Be Takeover Targets
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL – Free Report).
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.