Waypoint Wealth Partners Inc. Purchases 952 Shares of Apple Inc. (NASDAQ:AAPL)

Waypoint Wealth Partners Inc. raised its position in Apple Inc. (NASDAQ:AAPL) by 5.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 18,064 shares of the iPhone maker’s stock after acquiring an additional 952 shares during the period. Apple comprises 1.1% of Waypoint Wealth Partners Inc.’s portfolio, making the stock its 11th biggest position. Waypoint Wealth Partners Inc.’s holdings in Apple were worth $3,805,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc acquired a new position in shares of Apple during the 1st quarter worth approximately $35,000. Fidelis Capital Partners LLC increased its position in shares of Apple by 17.9% during 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 last quarter. A.P. Gilfoyle & Co. L.P. acquired a new position in shares of Apple during the 4th quarter worth approximately $39,000. University of Texas Texas AM Investment Managment Co. increased its position in shares of Apple by 657.1% during 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 last quarter. Finally, Clarity Asset Management Inc. acquired a new position in shares of Apple during the 4th quarter worth approximately $85,000. Institutional investors own 60.41% of the company’s stock.

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 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 approximately $39,542,136.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Apple news, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the transaction, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the company’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 completion of the transaction, the senior vice president now directly 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 a total of 113,884 shares of company stock valued at $23,723,887 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

NASDAQ:AAPL opened at $227.79 on Friday. 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 fifty-two week low of $164.07 and a fifty-two week high of $237.23. The company has a market cap of $3.49 trillion, a price-to-earnings ratio of 35.43, a PEG ratio of 2.66 and a beta of 1.24. The stock has a fifty day moving average price of $222.19 and a 200-day moving average price of $202.16.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $84.43 billion. During the same period in the prior year, the company earned $1.26 EPS. Apple’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities analysts anticipate that Apple Inc. will post 6.7 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a $0.25 dividend. 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 0.44%. Apple’s payout ratio is presently 15.55%.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several recent analyst reports. KeyCorp reaffirmed a “hold” rating and set a $247.61 price target on shares of Apple in a research report on Wednesday, August 28th. Barclays decreased their target price on Apple from $187.00 to $186.00 and set an “underweight” rating on the stock in a report on Friday, August 2nd. Rosenblatt Securities reissued a “buy” rating and set a $261.00 target price on shares of Apple in a report on Tuesday, September 10th. UBS Group boosted their target price on Apple from $190.00 to $236.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $265.00 target price on shares of Apple in a report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $238.76.

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.