Apple Inc. (NASDAQ:AAPL) Shares Acquired by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.9% in the second quarter, Holdings Channel.com reports. The fund owned 60,477 shares of the iPhone maker’s stock after acquiring an additional 1,132 shares during the quarter. Apple makes up approximately 8.6% of Vanguard Capital Wealth Advisors’ portfolio, making the stock its biggest holding. Vanguard Capital Wealth Advisors’ holdings in Apple were worth $12,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Wealthgarden F.S. LLC purchased a new stake in shares of Apple in the second quarter valued at approximately $1,807,000. Wambolt & Associates LLC grew its position in shares of Apple by 5.4% in the second quarter. Wambolt & Associates LLC now owns 82,669 shares of the iPhone maker’s stock valued at $17,919,000 after purchasing an additional 4,228 shares in the last quarter. PFG Advisors grew its position in shares of Apple by 4.5% in the second quarter. PFG Advisors now owns 186,008 shares of the iPhone maker’s stock valued at $39,177,000 after purchasing an additional 8,088 shares in the last quarter. Y.D. More Investments Ltd grew its position in shares of Apple by 30.6% in the second quarter. Y.D. More Investments Ltd now owns 50,987 shares of the iPhone maker’s stock valued at $10,740,000 after purchasing an additional 11,944 shares in the last quarter. Finally, Cibc World Market Inc. grew its position in shares of Apple by 25.4% in the second quarter. Cibc World Market Inc. now owns 4,165,011 shares of the iPhone maker’s stock valued at $877,235,000 after purchasing an additional 843,417 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AAPL. Tigress Financial increased their price objective on Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 28th. TD Cowen increased their price objective on Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Oppenheimer reiterated a “buy” rating and issued a $250.00 price objective on shares of Apple in a research report on Tuesday, October 1st. Maxim Group reiterated a “hold” rating and issued a $203.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Finally, Citigroup increased their price objective on Apple to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $235.91.

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 stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the sale, the insider now owns 24,125 shares in the company, valued at approximately $5,223,062.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the sale, the chief financial officer now owns 107,788 shares in the company, valued at approximately $24,416,137.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the sale, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 517,924 shares of company stock valued at $114,786,399 in the last ninety days. Insiders own 0.06% of the company’s stock.

Apple Stock Down 1.5 %

Shares of NASDAQ AAPL opened at $230.10 on Thursday. The company has a market capitalization of $3.53 trillion, a price-to-earnings ratio of 35.79, a price-to-earnings-growth ratio of 2.40 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 moving average of $227.23 and a two-hundred day moving average of $211.59. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. The company had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. Apple’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.26 EPS. On average, analysts forecast that Apple Inc. will post 6.65 earnings per share for the current fiscal year.

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.