Apple Inc. (NASDAQ:AAPL) is Emerald Advisors LLC’s 10th Largest Position

Emerald Advisors LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,478 shares of the iPhone maker’s stock after buying an additional 430 shares during the period. Apple accounts for about 0.7% of Emerald Advisors LLC’s holdings, making the stock its 10th largest holding. Emerald Advisors LLC’s holdings in Apple were worth $4,313,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Apple by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,318,064,349 shares of the iPhone maker’s stock worth $253,766,929,000 after acquiring an additional 18,067,216 shares during the last quarter. Norges Bank bought a new position in Apple in the 4th quarter worth about $33,912,466,000. Wellington Management Group LLP grew its position in Apple by 3.6% during the 4th quarter. Wellington Management Group LLP now owns 60,651,275 shares of the iPhone maker’s stock valued at $11,677,190,000 after purchasing an additional 2,096,360 shares during the last quarter. Fisher Asset Management LLC increased its stake in Apple by 2.0% during the 4th quarter. Fisher Asset Management LLC now owns 54,702,300 shares of the iPhone maker’s stock valued at $10,531,834,000 after purchasing an additional 1,067,587 shares in the last quarter. Finally, Capital International Investors raised its holdings in Apple by 7.1% in the first quarter. Capital International Investors now owns 37,146,325 shares of the iPhone maker’s stock worth $6,369,852,000 after buying an additional 2,474,887 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Apple Stock Down 0.7 %

Shares of AAPL opened at $220.82 on Friday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.23. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $3.39 trillion, a PE ratio of 34.34, a price-to-earnings-growth ratio of 2.69 and a beta of 1.24. The business’s 50 day moving average is $223.09 and its 200 day moving average is $197.26.

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

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date was Monday, August 12th. Apple’s payout ratio is currently 15.55%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AAPL. StockNews.com raised shares of Apple from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Raymond James boosted their price target on Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. increased their price objective on Apple from $245.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Morgan Stanley reissued an “overweight” rating and issued a $273.00 target price on shares of Apple in a research report on Tuesday, August 27th. Finally, KeyCorp reaffirmed a “hold” rating and set a $247.61 price target on shares of Apple in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $238.62.

Insider Buying and Selling at Apple

In related news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the sale, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the sale, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $39,542,136.92. The disclosure for this sale can be found here. Insiders sold 113,884 shares of company stock valued at $23,723,887 in the last 90 days. Insiders own 0.06% of the company’s stock.

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.