Bright Financial Advisors Inc. Acquires 63 Shares of Apple Inc. (NASDAQ:AAPL)

Bright Financial Advisors Inc. grew its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,604 shares of the iPhone maker’s stock after purchasing an additional 63 shares during the period. Apple makes up about 2.5% of Bright Financial Advisors Inc.’s holdings, making the stock its 10th largest holding. Bright Financial Advisors Inc.’s holdings in Apple were worth $3,497,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in AAPL. XTX Topco Ltd increased its position in shares of Apple by 2,066.0% during the second quarter. XTX Topco Ltd now owns 70,850 shares of the iPhone maker’s stock worth $14,922,000 after acquiring an additional 67,579 shares during the period. Independent Advisor Alliance increased its holdings in Apple by 0.9% in the second quarter. Independent Advisor Alliance now owns 920,737 shares of the iPhone maker’s stock valued at $193,926,000 after buying an additional 8,028 shares during the last quarter. Somerset Group LLC increased its holdings in Apple by 2.3% in the second quarter. Somerset Group LLC now owns 27,650 shares of the iPhone maker’s stock valued at $5,824,000 after buying an additional 631 shares during the last quarter. WCG Wealth Advisors LLC grew its holdings in shares of Apple by 13.5% during the second quarter. WCG Wealth Advisors LLC now owns 198,305 shares of the iPhone maker’s stock worth $41,767,000 after purchasing an additional 23,578 shares during the last quarter. Finally, Intrepid Financial Planning Group LLC grew its holdings in shares of Apple by 5.1% during the second quarter. Intrepid Financial Planning Group LLC now owns 43,929 shares of the iPhone maker’s stock worth $9,252,000 after purchasing an additional 2,115 shares during the last quarter. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Performance

Shares of AAPL stock opened at $222.72 on Thursday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The firm has a market capitalization of $3.39 trillion, a P/E ratio of 36.63, a P/E/G ratio of 2.39 and a beta of 1.24. The company’s fifty day moving average price is $226.91 and its two-hundred day moving average price is $213.51.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 EPS. On average, research analysts anticipate that Apple Inc. will post 7.45 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Friday, November 8th. Apple’s payout ratio is currently 16.45%.

Insider Transactions at Apple

In other news, CFO Luca Maestri sold 59,305 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Luca Maestri sold 59,305 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the completion of the sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at $24,416,137.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the sale, the insider now directly owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 417,924 shares of company stock valued at $94,142,399. Insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AAPL. Citigroup increased their target price on shares of Apple to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. restated an “overweight” rating and issued a $265.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Evercore ISI reiterated a “buy” rating and set a $250.00 price target on shares of Apple in a research report on Thursday, September 26th. StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, TD Cowen raised their price objective on shares of Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average price target of $235.51.

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.