Apple Inc. (NASDAQ:AAPL) Holdings Raised by Verus Financial Partners Inc.

Verus Financial Partners Inc. raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,929 shares of the iPhone maker’s stock after buying an additional 48 shares during the period. Apple makes up 0.4% of Verus Financial Partners Inc.’s portfolio, making the stock its 20th biggest position. Verus Financial Partners Inc.’s holdings in Apple were worth $3,566,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Altus Wealth Group LLC increased its position in shares of Apple by 1.0% during the 2nd quarter. Altus Wealth Group LLC now owns 30,742 shares of the iPhone maker’s stock valued at $6,475,000 after purchasing an additional 291 shares during the period. Blue Bell Private Wealth Management LLC boosted its stake in Apple by 0.5% during the second quarter. Blue Bell Private Wealth Management LLC now owns 19,646 shares of the iPhone maker’s stock valued at $4,138,000 after buying an additional 94 shares in the last quarter. LGT Financial Advisors LLC grew its holdings in Apple by 1.7% during the second quarter. LGT Financial Advisors LLC now owns 7,616 shares of the iPhone maker’s stock worth $1,604,000 after acquiring an additional 129 shares during the period. MCF Advisors LLC raised its position in Apple by 0.6% in the second quarter. MCF Advisors LLC now owns 90,820 shares of the iPhone maker’s stock worth $19,128,000 after acquiring an additional 499 shares in the last quarter. Finally, Peterson Wealth Management lifted its holdings in Apple by 1.6% in the 2nd quarter. Peterson Wealth Management now owns 23,892 shares of the iPhone maker’s stock valued at $5,032,000 after acquiring an additional 379 shares during the last quarter. 60.41% of the stock is currently owned by institutional investors.

Apple Stock Up 1.2 %

Shares of AAPL opened at $235.00 on Monday. The business’s fifty day moving average price is $225.78 and its two-hundred day moving average price is $208.38. The firm has a market capitalization of $3.60 trillion, a price-to-earnings ratio of 36.55, a PEG ratio of 2.40 and a beta of 1.24. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.06. The business had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.26 earnings per share. On average, analysts predict that Apple Inc. will post 6.65 earnings per share for the current year.

Apple Announces Dividend

The firm 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 0.43%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio is 15.55%.

Analyst Ratings Changes

Several research analysts have issued reports on AAPL shares. The Goldman Sachs Group upped their price target on Apple from $265.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Piper Sandler Companies reaffirmed a “neutral” rating and set a $225.00 target price (up from $190.00) on shares of Apple in a research report on Tuesday, July 9th. Oppenheimer reiterated a “buy” rating and issued a $250.00 price target on shares of Apple in a research report on Tuesday, October 1st. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $265.00 price target on shares of Apple in a research note on Tuesday, September 10th. Finally, Cfra upped their price objective on shares of Apple from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $239.27.

Insider Buying and Selling

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 517,924 shares of company stock valued at $114,786,399 over the last ninety days. 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.