Apple Inc. (NASDAQ:AAPL) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 12.5% during the first quarter, Holdings Channel reports. The institutional investor owned 189,604 shares of the iPhone maker’s stock after purchasing an additional 21,078 shares during the quarter. Apple comprises approximately 2.5% of EverSource Wealth Advisors LLC’s portfolio, making the stock its 4th largest holding. EverSource Wealth Advisors LLC’s holdings in Apple were worth $32,295,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc bought a new position in shares of Apple in the 1st quarter valued at about $35,000. A.P. Gilfoyle & Co. L.P. acquired a new position in Apple during the fourth quarter valued at approximately $39,000. Gilfoyle & Co LLC grew its stake in Apple by 168.0% in the fourth quarter. Gilfoyle & Co LLC now owns 268 shares of the iPhone maker’s stock valued at $52,000 after purchasing an additional 168 shares in the last quarter. 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. bought a new stake in shares of Apple during the 4th quarter worth approximately $85,000. Institutional investors own 60.41% of the company’s stock.

Insider Activity

In related news, Director Arthur D. Levinson sold 75,000 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $191.58, for a total transaction of $14,368,500.00. Following the completion of the sale, the director now directly owns 4,359,576 shares in the company, valued at approximately $835,207,570.08. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction that occurred on 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arthur D. Levinson sold 75,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $191.58, for a total transaction of $14,368,500.00. Following the completion of the transaction, the director now directly owns 4,359,576 shares of the company’s stock, valued at approximately $835,207,570.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 188,884 shares of company stock worth $38,092,387. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

AAPL has been the subject of several analyst reports. Cfra raised their target price on shares of Apple from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Itau BBA Securities upgraded shares of Apple from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $162.00 to $188.00 in a research note on Friday, May 3rd. Piper Sandler Companies reiterated a “neutral” rating and issued a $225.00 target price (up from $190.00) on shares of Apple in a research note on Tuesday, July 9th. Melius Research boosted their price target on Apple from $227.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Finally, Citigroup upped their price objective on Apple from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $233.63.

Apple Trading Up 1.0 %

AAPL opened at $226.84 on Friday. The stock has a market capitalization of $3.48 trillion, a price-to-earnings ratio of 35.28, a P/E/G ratio of 2.60 and a beta of 1.24. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.24. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.23. The company has a 50-day simple moving average of $220.32 and a 200 day simple moving average of $194.40.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share 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 net margin of 26.44% and a return on equity of 145.35%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 EPS. Analysts predict that Apple Inc. will post 6.61 EPS for the current fiscal year.

Apple declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 2nd that authorizes the company to buyback $110.00 billion in shares. This buyback authorization authorizes the iPhone maker to purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Apple Dividend Announcement

The firm 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio is presently 15.55%.

Apple 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.