Aurora Private Wealth Inc. Has $7.46 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Aurora Private Wealth Inc. trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 35,421 shares of the iPhone maker’s stock after selling 892 shares during the quarter. Apple accounts for 6.5% of Aurora Private Wealth Inc.’s portfolio, making the stock its biggest position. Aurora Private Wealth Inc.’s holdings in Apple were worth $7,460,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Yeomans Consulting Group Inc. bought a new stake in shares of Apple during the fourth quarter worth approximately $1,713,000. Raleigh Capital Management Inc. increased its stake in Apple by 11.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 15,511 shares of the iPhone maker’s stock valued at $2,986,000 after purchasing an additional 1,643 shares in the last quarter. GLOBALT Investments LLC GA bought a new stake in Apple in the fourth quarter valued at approximately $38,406,000. Barden Capital Management Inc. increased its stake in Apple by 132.8% in the fourth quarter. Barden Capital Management Inc. now owns 32,636 shares of the iPhone maker’s stock valued at $6,283,000 after purchasing an additional 18,615 shares in the last quarter. Finally, Sunpointe LLC bought a new stake in Apple in the fourth quarter valued at approximately $4,782,000. 60.41% of the stock is owned by institutional investors.

Apple Stock Performance

Shares of AAPL stock opened at $222.66 on Thursday. The stock has a market cap of $3.41 trillion, a P/E ratio of 34.63, a P/E/G ratio of 2.60 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The company has a fifty day moving average price of $223.19 and a two-hundred day moving average price of $198.06. Apple Inc. has a one year low of $164.07 and a one year high of $237.23.

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

Apple Announces Dividend

The firm also recently declared 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio is 15.55%.

Insider Buying and Selling

In related news, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction dated 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 $3,469,275. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction dated 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 directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,469,275. The disclosure for this sale can be found here. Over the last three months, insiders have sold 113,884 shares of company stock valued at $23,723,887. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Robert W. Baird upped their target price on shares of Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Piper Sandler Companies reaffirmed a “neutral” rating and issued a $225.00 target price (up previously from $190.00) on shares of Apple in a research note on Tuesday, July 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 target price on shares of Apple in a research note on Tuesday. Wedbush reiterated an “outperform” rating and issued a $285.00 price target on shares of Apple in a report on Monday. Finally, Barclays reduced their price target on shares of Apple from $187.00 to $186.00 and set an “underweight” rating for the company in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $238.62.

Apple 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.