Vest Financial LLC Has $27.79 Million Position in Apple Inc. (NASDAQ:AAPL)

Vest Financial LLC boosted its stake in Apple Inc. (NASDAQ:AAPL) by 2.9% in the second quarter, HoldingsChannel reports. The firm owned 131,945 shares of the iPhone maker’s stock after buying an additional 3,670 shares during the period. Vest Financial LLC’s holdings in Apple were worth $27,790,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lansing Street Advisors boosted its holdings in Apple by 120.2% in the second quarter. Lansing Street Advisors now owns 13,388 shares of the iPhone maker’s stock worth $2,820,000 after acquiring an additional 7,308 shares in the last quarter. Nelson Capital Management LLC raised its position in shares of Apple by 7.1% during the second quarter. Nelson Capital Management LLC now owns 97,003 shares of the iPhone maker’s stock worth $20,431,000 after purchasing an additional 6,460 shares during the period. Vanguard Capital Wealth Advisors lifted its holdings in shares of Apple by 1.9% in the 2nd quarter. Vanguard Capital Wealth Advisors now owns 60,477 shares of the iPhone maker’s stock worth $12,738,000 after purchasing an additional 1,132 shares in the last quarter. Wealthgarden F.S. LLC bought a new position in shares of Apple in the 2nd quarter worth $1,807,000. Finally, Wambolt & Associates LLC grew its position in Apple by 5.4% in the 2nd 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 during the period. 60.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AAPL. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $265.00 price objective on shares of Apple in a research note on Tuesday, September 10th. KeyCorp cut shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price target on the stock. in a research report on Friday, October 25th. Piper Sandler Companies reiterated a “neutral” rating and set a $225.00 price target (up previously from $190.00) on shares of Apple in a research note on Tuesday, July 9th. Citigroup increased their price objective on Apple to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird lifted their target price on Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Two equities research 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $235.91.

Apple Price Performance

NASDAQ AAPL opened at $230.10 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The company has a market cap of $3.53 trillion, a PE ratio of 35.79, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. The firm’s 50-day simple moving average is $227.23 and its two-hundred day simple moving average is $211.59.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.06. The company 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 quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Research analysts predict that Apple Inc. will post 6.65 earnings per share for the current year.

Insider Activity at Apple

In other Apple 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 transaction of $20,644,000.00. Following the sale, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Katherine L. Adams sold 61,019 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the transaction, the senior vice president now owns 187,043 shares of the company’s stock, valued at approximately $42,309,126.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the 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 sale, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 517,924 shares of company stock worth $114,786,399. Corporate insiders own 0.06% of the company’s stock.

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.