Apple Inc. (NASDAQ:AAPL) Stock Holdings Lifted by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,338 shares of the iPhone maker’s stock after purchasing an additional 306 shares during the period. Apple accounts for about 1.8% of Pathway Financial Advisers LLC’s investment portfolio, making the stock its 8th largest position. Pathway Financial Advisers LLC’s holdings in Apple were worth $5,101,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Granite Investment Partners LLC boosted its stake in shares of Apple by 2.7% during the 2nd quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker’s stock worth $60,958,000 after acquiring an additional 7,606 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in Apple by 5.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 1,928,110 shares of the iPhone maker’s stock worth $406,099,000 after purchasing an additional 95,235 shares during the last quarter. Bellwether Advisors LLC boosted its position in Apple by 387.3% during the second quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker’s stock worth $5,128,000 after purchasing an additional 19,352 shares during the period. Gentry Private Wealth LLC acquired a new position in Apple during the second quarter valued at approximately $876,000. Finally, Independent Advisor Alliance raised its position in shares of 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 purchasing an additional 8,028 shares during the period. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Down 1.4 %

NASDAQ AAPL opened at $225.00 on Friday. The stock’s 50 day simple moving average is $227.04 and its 200 day simple moving average is $215.96. 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 Inc. has a one year low of $164.07 and a one year high of $237.49. The firm has a market cap of $3.40 trillion, a PE ratio of 37.01, a price-to-earnings-growth ratio of 2.21 and a beta of 1.24.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. The company had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.46 earnings per share. As a group, sell-side analysts forecast that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of research analyst reports. Oppenheimer reiterated a “buy” rating and issued a $250.00 target price on shares of Apple in a research note on Tuesday, October 1st. Melius Research reaffirmed a “buy” rating and issued a $265.00 price target on shares of Apple in a research report on Tuesday, August 27th. Needham & Company LLC reissued a “buy” rating and set a $260.00 price objective on shares of Apple in a research report on Friday, November 1st. Maxim Group increased their target price on Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, Barclays cut their price target on Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, November 1st. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $235.51.

Insider Activity

In other news, COO Jeffrey E. Williams sold 59,730 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total value of $13,550,347.80. Following the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $111,148,695.84. This represents a 10.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This trade represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 404,040 shares of company stock valued at $91,062,512 over the last three months. 0.06% of the stock is owned by insiders.

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.