All Season Financial Advisors Inc. Buys 201 Shares of Apple Inc. (NASDAQ:AAPL)

All Season Financial Advisors Inc. increased its holdings in Apple Inc. (NASDAQ:AAPL) by 3.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,733 shares of the iPhone maker’s stock after purchasing an additional 201 shares during the period. Apple accounts for 1.3% of All Season Financial Advisors Inc.’s investment portfolio, making the stock its 23rd largest holding. All Season Financial Advisors Inc.’s holdings in Apple were worth $1,418,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Christopher J. Hasenberg Inc purchased a new stake in Apple in the 1st quarter worth approximately $35,000. Fidelis Capital Partners LLC raised its position in 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 Apple in the 4th quarter worth $39,000. University of Texas Texas AM Investment Managment Co. grew its holdings in 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 acquiring an additional 368 shares during the last quarter. Finally, Clarity Asset Management Inc. bought a new stake in Apple in the 4th quarter worth $85,000. 60.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AAPL shares. TD Cowen raised their price target on shares of Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Evercore ISI reissued an “outperform” rating and set a $250.00 price target on shares of Apple in a research report on Monday, September 16th. Barclays dropped their target price on shares of Apple from $187.00 to $186.00 and set an “underweight” rating on the stock in a research note on Friday, August 2nd. Wedbush restated an “outperform” rating and set a $285.00 price objective on shares of Apple in a research report on Monday, September 9th. Finally, Rosenblatt Securities restated a “buy” rating and set a $261.00 price objective on shares of Apple in a research report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $239.17.

Insiders Place Their Bets

In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the transaction, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. The disclosure for this sale can be found here. Insiders have sold 113,884 shares of company stock worth $23,723,887 in the last three months. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

AAPL opened at $227.37 on Wednesday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two 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. The company has a fifty day moving average of $222.10 and a 200 day moving average of $201.22. The stock has a market capitalization of $3.49 trillion, a price-to-earnings ratio of 35.36, a PEG ratio of 2.62 and a beta of 1.24.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping 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 firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 EPS. As a group, sell-side analysts forecast that Apple Inc. will post 6.7 earnings per share for the current fiscal 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. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s dividend payout ratio (DPR) is 15.55%.

About Apple

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.