Lauterbach Financial Advisors LLC Has $2.16 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Lauterbach Financial Advisors LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,817 shares of the iPhone maker’s stock after selling 47 shares during the period. Apple accounts for 1.4% of Lauterbach Financial Advisors LLC’s holdings, making the stock its 12th biggest holding. Lauterbach Financial Advisors LLC’s holdings in Apple were worth $2,158,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AAPL. SMH Capital Advisors Inc. bought a new stake in Apple in the second quarter valued at approximately $209,000. UP Strategic Wealth Investment Advisors LLC lifted its position in shares of Apple by 5.5% in the 2nd quarter. UP Strategic Wealth Investment Advisors LLC now owns 13,725 shares of the iPhone maker’s stock worth $2,891,000 after purchasing an additional 714 shares during the period. Bright Financial Advisors Inc. boosted its stake in shares of Apple by 0.4% in the 2nd quarter. Bright Financial Advisors Inc. now owns 16,604 shares of the iPhone maker’s stock valued at $3,497,000 after purchasing an additional 63 shares during the last quarter. XTX Topco Ltd raised its stake in Apple by 2,066.0% during the second quarter. XTX Topco Ltd now owns 70,850 shares of the iPhone maker’s stock worth $14,922,000 after buying an additional 67,579 shares during the last quarter. Finally, Independent Advisor Alliance lifted its holdings in Apple by 0.9% in the second quarter. Independent Advisor Alliance now owns 920,737 shares of the iPhone maker’s stock valued at $193,926,000 after buying an additional 8,028 shares during the period. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related 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 completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other 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 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris Kondo sold 8,706 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 412,746 shares of company stock valued at $93,021,362 over the last quarter. Company insiders own 0.06% of the company’s stock.

Apple Trading Up 2.1 %

Shares of AAPL stock opened at $227.48 on Friday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.49. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The company has a 50 day moving average of $226.91 and a 200-day moving average of $213.51. The firm has a market cap of $3.44 trillion, a P/E ratio of 37.41, a PEG ratio of 2.18 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the prior year, the company earned $1.46 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. Sell-side analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Apple’s payout ratio is 16.45%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. KeyCorp downgraded Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price objective on the stock. in a research note on Friday, October 25th. Bank of America restated a “buy” rating and set a $256.00 price target on shares of Apple in a report on Thursday, October 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price objective on shares of Apple in a research note on Friday, November 1st. Evercore ISI reissued a “buy” rating and set a $250.00 target price on shares of Apple in a research note on Thursday, September 26th. Finally, Cfra lifted their price target 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. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $235.51.

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.