Refined Wealth Management Has $2.66 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Refined Wealth Management lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,639 shares of the iPhone maker’s stock after buying an additional 384 shares during the quarter. Apple comprises about 2.1% of Refined Wealth Management’s holdings, making the stock its 14th largest position. Refined Wealth Management’s holdings in Apple were worth $2,662,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AAPL. Christopher J. Hasenberg Inc acquired a new stake in shares of Apple during the first quarter worth $35,000. Fidelis Capital Partners LLC increased its position in shares of Apple by 17.9% during the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after buying an additional 31,278 shares during the period. A.P. Gilfoyle & Co. L.P. acquired a new stake in shares of Apple during the fourth quarter worth $39,000. University of Texas Texas AM Investment Managment Co. increased its position in shares of Apple by 657.1% during the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after buying an additional 368 shares during the period. Finally, Clarity Asset Management Inc. acquired a new stake in shares of Apple during the fourth quarter worth $85,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Tigress Financial raised their price target on shares of Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 28th. Citigroup restated a “buy” rating and issued a $255.00 price target on shares of Apple in a report on Tuesday, August 27th. Piper Sandler Companies restated a “neutral” rating and issued a $225.00 price target (up from $190.00) on shares of Apple in a report on Tuesday, July 9th. Oppenheimer restated an “outperform” rating and issued a $250.00 price target on shares of Apple in a report on Tuesday, September 10th. Finally, Loop Capital upgraded shares of Apple from a “hold” rating to a “buy” rating and raised their price target for the stock from $170.00 to $300.00 in a report on Monday, July 15th. One 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $239.17.

Apple Stock Performance

Shares of AAPL stock opened at $216.32 on Tuesday. The firm has a market cap of $3.32 trillion, a price-to-earnings ratio of 33.64, 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 quick ratio of 0.91 and a current ratio of 0.95. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.23. The firm’s 50-day simple moving average is $222.91 and its two-hundred day simple moving average is $199.00.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping the consensus estimate of $1.34 by $0.06. The business had revenue of $85.78 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 earnings per share. As a group, equities analysts forecast that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.46%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio is 15.55%.

Insiders Place Their Bets

In other news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction dated 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 completion of the transaction, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction dated 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 completion of the transaction, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction dated 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 of the company’s stock, valued at approximately $39,542,136.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,884 shares of company stock valued at $23,723,887. Company 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.