Apple Inc. (NASDAQ:AAPL) is Buck Wealth Strategies LLC’s 4th Largest Position

Buck Wealth Strategies LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 762.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 52,967 shares of the iPhone maker’s stock after buying an additional 46,824 shares during the quarter. Apple accounts for approximately 3.3% of Buck Wealth Strategies LLC’s holdings, making the stock its 4th largest holding. Buck Wealth Strategies LLC’s holdings in Apple were worth $11,156,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Access Investment Management LLC acquired a new stake in shares of Apple during the first quarter valued at about $140,000. Hoese & Co LLP boosted its holdings in Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after purchasing an additional 57 shares during the last quarter. Sage Financial Group Inc. purchased a new position in Apple in the second quarter valued at about $206,000. Benchmark Wealth Management LLC acquired a new stake in Apple during the 2nd quarter valued at approximately $208,000. Finally, SMH Capital Advisors Inc. purchased a new stake in Apple during the 2nd quarter worth approximately $209,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 61,019 shares of the company’s stock in a transaction on 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 completion of the sale, the senior vice president now owns 187,043 shares in the company, valued at $42,309,126.60. This represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Luca Maestri sold 59,305 shares of Apple 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 in the company, valued at approximately $24,416,137.76. The trade was a 35.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 404,040 shares of company stock valued at $91,062,512. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on AAPL. Monness Crespi & Hardt reiterated a “buy” rating and set a $245.00 target price on shares of Apple in a research note on Monday, September 9th. Jefferies Financial Group lowered shares of Apple from a “buy” rating to a “hold” rating and raised their price objective for the stock from $205.00 to $212.92 in a report on Monday, October 7th. Maxim Group boosted their target price on shares of Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Robert W. Baird boosted their price objective on Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Two investment 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $235.51.

Apple Price Performance

Shares of NASDAQ AAPL opened at $228.22 on Friday. The stock has a market cap of $3.45 trillion, a P/E ratio of 37.54, a P/E/G ratio of 2.20 and a beta of 1.24. The firm’s 50-day simple moving average is $226.84 and its 200 day simple moving average is $215.52. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week 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.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The firm had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. Apple’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $1.46 EPS. Equities analysts expect that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. Apple’s dividend payout ratio (DPR) is 16.45%.

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.