Transform Wealth LLC Has $52.26 Million Stake in Apple Inc. (NASDAQ:AAPL)

Transform Wealth LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 248,136 shares of the iPhone maker’s stock after purchasing an additional 1,441 shares during the period. Apple makes up 3.9% of Transform Wealth LLC’s portfolio, making the stock its 3rd largest position. Transform Wealth LLC’s holdings in Apple were worth $52,262,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc purchased a new position in shares of Apple in the first quarter valued at about $35,000. Fidelis Capital Partners LLC increased its position in shares of Apple by 17.9% in the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after acquiring an additional 31,278 shares during the period. A.P. Gilfoyle & Co. L.P. purchased a new position in shares of Apple in the fourth quarter valued at about $39,000. University of Texas Texas AM Investment Managment Co. increased its position in shares of Apple by 657.1% in the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after acquiring an additional 368 shares during the period. Finally, Clarity Asset Management Inc. purchased a new position in shares of Apple in the fourth quarter valued at about $85,000. 60.41% of the stock is owned by institutional investors.

Insider Activity at Apple

In related news, insider Chris Kondo sold 5,178 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the transaction, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Chris Kondo sold 5,178 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the transaction, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the transaction, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. The disclosure for this sale can be found here. Insiders have sold a total of 113,884 shares of company stock worth $23,723,887 over the last quarter. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on AAPL shares. Piper Sandler Companies restated a “neutral” rating and issued a $225.00 price objective (up previously from $190.00) on shares of Apple in a research report on Tuesday, July 9th. Needham & Company LLC restated a “buy” rating and issued a $260.00 price objective on shares of Apple in a research report on Monday, August 5th. StockNews.com upgraded shares of Apple from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Evercore ISI reiterated an “outperform” rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, August 27th. Finally, Cfra boosted their price target on shares of Apple from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $238.62.

Apple Trading Down 0.7 %

Shares of NASDAQ AAPL opened at $220.82 on Friday. The firm’s 50 day moving average price is $223.09 and its 200-day moving average price is $197.15. The company has a market cap of $3.39 trillion, a PE ratio of 34.34, a P/E/G ratio of 2.69 and a beta of 1.24. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.23. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The company had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 earnings per share. On average, equities research analysts expect that Apple Inc. will post 6.7 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. Apple’s dividend payout ratio (DPR) is 15.55%.

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.