DecisionPoint Financial LLC Purchases 180 Shares of Apple Inc. (NASDAQ:AAPL)

DecisionPoint Financial LLC grew its position in Apple Inc. (NASDAQ:AAPL) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,815 shares of the iPhone maker’s stock after acquiring an additional 180 shares during the quarter. Apple accounts for 0.8% of DecisionPoint Financial LLC’s portfolio, making the stock its 16th biggest holding. DecisionPoint Financial LLC’s holdings in Apple were worth $2,402,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Searcy Financial Services Inc. ADV increased its position in shares of Apple by 2.6% during the 1st quarter. Searcy Financial Services Inc. ADV now owns 49,490 shares of the iPhone maker’s stock valued at $8,487,000 after purchasing an additional 1,241 shares during the last quarter. Griffin Asset Management Inc. increased its position in shares of Apple by 2.6% during the 1st quarter. Griffin Asset Management Inc. now owns 197,080 shares of the iPhone maker’s stock valued at $33,795,000 after purchasing an additional 4,980 shares during the last quarter. Grimes & Company Inc. increased its position in shares of Apple by 9.5% during the 1st quarter. Grimes & Company Inc. now owns 446,017 shares of the iPhone maker’s stock valued at $76,483,000 after purchasing an additional 38,608 shares during the last quarter. Meritas Wealth Management LLC increased its position in shares of Apple by 0.4% during the 1st quarter. Meritas Wealth Management LLC now owns 41,527 shares of the iPhone maker’s stock valued at $7,121,000 after purchasing an additional 150 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. increased its position in shares of Apple by 0.8% during the 1st quarter. Investment Research & Advisory Group Inc. now owns 86,035 shares of the iPhone maker’s stock valued at $14,753,000 after purchasing an additional 690 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Insider Activity

In other news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction dated 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 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Katherine L. Adams sold 61,019 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the sale, the senior vice president now owns 187,043 shares in the company, valued at $42,309,126.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction dated 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 completion of 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 417,924 shares of company stock valued at $94,142,399. Company insiders own 0.06% of the company’s stock.

Apple Trading Up 0.6 %

Shares of NASDAQ:AAPL opened at $223.45 on Wednesday. The business’s 50-day moving average is $226.98 and its 200 day moving average is $213.44. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The firm has a market capitalization of $3.40 trillion, a P/E ratio of 36.75, a P/E/G ratio of 2.39 and a beta of 1.24. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. During the same period in the prior year, the company posted $1.46 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, research analysts predict that Apple Inc. will post 7.45 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders 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 dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, November 8th. Apple’s dividend payout ratio is presently 16.45%.

Analyst Upgrades and Downgrades

AAPL has been the topic of several analyst reports. Citigroup boosted their target price on Apple to $185.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Needham & Company LLC reissued a “buy” rating and set a $260.00 target price on shares of Apple in a research report on Friday, November 1st. Raymond James boosted their price objective on Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, July 26th. JPMorgan Chase & Co. restated an “overweight” rating and set a $265.00 price objective on shares of Apple in a report on Tuesday, September 10th. Finally, UBS Group restated a “hold” rating and set a $236.00 price objective on shares of Apple in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.51.

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.