Centennial Wealth Advisory LLC boosted its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 5.6% in the 2nd quarter, Holdings Channel reports. The firm owned 28,773 shares of the iPhone maker’s stock after buying an additional 1,529 shares during the quarter. Apple accounts for approximately 2.6% of Centennial Wealth Advisory LLC’s portfolio, making the stock its 8th biggest position. Centennial Wealth Advisory LLC’s holdings in Apple were worth $6,060,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of AAPL. Christopher J. Hasenberg Inc bought a new stake in Apple during the 1st quarter valued at $35,000. A.P. Gilfoyle & Co. L.P. purchased a new position in shares of Apple during the fourth quarter valued at $39,000. University of Texas Texas AM Investment Managment Co. raised its holdings in shares of Apple by 657.1% in the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after acquiring an additional 368 shares in the last quarter. Clarity Asset Management Inc. purchased a new position in Apple during the 4th quarter valued at about $85,000. Finally, Clear Street Markets LLC raised its holdings in shares of Apple by 100.6% in the 4th quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock valued at $93,000 after purchasing an additional 83,965 shares in the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.
Apple Stock Down 0.3 %
Shares of AAPL opened at $228.20 on Monday. Apple Inc. has a one year low of $164.07 and a one year high of $237.23. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. The stock has a 50 day moving average price of $222.41 and a 200 day moving average price of $200.41. The stock has a market capitalization of $3.50 trillion, a price-to-earnings ratio of 35.49, a PEG ratio of 2.62 and a beta of 1.24.
Apple Announces Dividend
The business 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 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s payout ratio is currently 15.55%.
Wall Street Analyst Weigh In
AAPL has been the subject of a number of analyst reports. Bank of America restated a “buy” rating and set a $256.00 target price on shares of Apple in a report on Thursday, September 5th. Piper Sandler Companies reiterated a “neutral” rating and issued a $225.00 target price (up from $190.00) on shares of Apple in a report on Tuesday, July 9th. Tigress Financial raised their price target on shares of Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a report on Wednesday, August 28th. Loop Capital raised shares of Apple from a “hold” rating to a “buy” rating and increased their target price for the company from $170.00 to $300.00 in a research report on Monday, July 15th. Finally, Sanford C. Bernstein lifted their price target on shares of Apple from $195.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus target price of $239.17.
Read Our Latest Analysis on AAPL
Insiders Place Their Bets
In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the transaction, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction dated Monday, August 5th. The shares were 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 directly owns 191,543 shares in the company, valued at $39,542,136.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. The disclosure for this sale can be found here. Insiders sold 113,884 shares of company stock valued at $23,723,887 in the last three months. 0.06% of the stock is currently owned by insiders.
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.
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