Apple Inc. (NASDAQ:AAPL) Shares Acquired by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 5.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,347 shares of the iPhone maker’s stock after acquiring an additional 1,178 shares during the period. Apple accounts for approximately 1.6% of Outlook Wealth Advisors LLC’s portfolio, making the stock its 13th biggest holding. Outlook Wealth Advisors LLC’s holdings in Apple were worth $5,128,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Christopher J. Hasenberg Inc acquired a new stake in Apple in the 1st quarter worth about $35,000. Fidelis Capital Partners LLC raised its holdings in shares of Apple by 17.9% in the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after purchasing an additional 31,278 shares during the period. A.P. Gilfoyle & Co. L.P. purchased a new position in shares of Apple in the 4th quarter worth about $39,000. University of Texas Texas AM Investment Managment Co. raised its holdings in shares of Apple by 657.1% in the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after purchasing an additional 368 shares during the period. Finally, Clarity Asset Management Inc. purchased a new position in shares of Apple in the 4th quarter worth about $85,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of research reports. KeyCorp restated a “hold” rating and issued a $247.61 price objective on shares of Apple in a report on Wednesday, August 28th. Moffett Nathanson initiated coverage on Apple in a report on Monday, August 19th. They issued a “neutral” rating and a $211.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and issued a $260.00 price objective on shares of Apple in a report on Tuesday, September 10th. TD Cowen raised their target price on Apple from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $265.00 target price on shares of Apple in a report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $239.17.

Insider Activity at Apple

In related news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the transaction, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction on 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 completion of the transaction, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total value of $1,958,850.00. Following 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. Insiders sold 113,884 shares of company stock worth $23,723,887 in the last 90 days. 0.06% of the stock is currently owned by company insiders.

Apple Trading Down 0.1 %

NASDAQ:AAPL opened at $222.50 on Monday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.23. The firm has a market capitalization of $3.41 trillion, a P/E ratio of 34.60, a P/E/G ratio of 2.62 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 business has a 50 day simple moving average of $223.14 and a 200 day simple moving average of $198.75.

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 analysts’ consensus estimates of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The business had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. During the same quarter in the previous year, the firm posted $1.26 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities research analysts predict that Apple Inc. will post 6.7 EPS for the current 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 is currently 15.55%.

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.