Apple Inc. (NASDAQ:AAPL) Shares Acquired by Valley Forge Investment Consultants Inc. ADV

Valley Forge Investment Consultants Inc. ADV lifted its position in Apple Inc. (NASDAQ:AAPL) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,002 shares of the iPhone maker’s stock after purchasing an additional 89 shares during the quarter. Apple comprises 0.7% of Valley Forge Investment Consultants Inc. ADV’s holdings, making the stock its 17th largest position. Valley Forge Investment Consultants Inc. ADV’s holdings in Apple were worth $1,896,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AAPL. Fairfield Financial Advisors LTD purchased a new position in shares of Apple during the second quarter worth $12,093,000. Brown Brothers Harriman & Co. raised its stake in shares of Apple by 2.1% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 1,252,837 shares of the iPhone maker’s stock valued at $263,873,000 after buying an additional 26,106 shares during the last quarter. Quilter Plc raised its stake in shares of Apple by 5.7% during the 2nd quarter. Quilter Plc now owns 1,081,789 shares of the iPhone maker’s stock valued at $227,846,000 after buying an additional 58,376 shares during the last quarter. Tennessee Valley Asset Management Partners lifted its holdings in shares of Apple by 34.0% in the 2nd quarter. Tennessee Valley Asset Management Partners now owns 25,762 shares of the iPhone maker’s stock valued at $5,426,000 after buying an additional 6,541 shares during the period. Finally, Rathbones Group PLC boosted its stake in shares of Apple by 1.2% in the second quarter. Rathbones Group PLC now owns 3,113,501 shares of the iPhone maker’s stock worth $655,766,000 after buying an additional 36,455 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Stock Down 1.3 %

Shares of AAPL opened at $222.91 on Friday. The stock has a fifty day simple moving average of $227.18 and a two-hundred day simple moving average of $212.33. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $3.39 trillion, a PE ratio of 33.93, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.49.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.15. The firm had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. Apple’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business earned $1.46 earnings per share. As a group, equities analysts forecast that Apple Inc. will post 6.6 EPS for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Friday, November 8th. Apple’s dividend payout ratio is presently 15.22%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AAPL. KeyCorp downgraded Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price target for the company. in a report on Friday, October 25th. Loop Capital boosted their target price on shares of Apple to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Barclays dropped their price target on shares of Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday. Maxim Group upped their price objective on shares of Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research report on Friday. Finally, The Goldman Sachs Group raised their target price on Apple from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $236.23.

Insider Buying and Selling

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the sale, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the transaction, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Luca Maestri sold 59,305 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 107,788 shares in the company, valued at approximately $24,416,137.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 517,924 shares of company stock worth $114,786,399. Company insiders own 0.06% of the company’s stock.

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.