Kiley Juergens Wealth Management LLC Purchases 767 Shares of Apple Inc. (NASDAQ:AAPL)

Kiley Juergens Wealth Management LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 0.5% during the second quarter, Holdings Channel reports. The firm owned 159,859 shares of the iPhone maker’s stock after purchasing an additional 767 shares during the period. Apple comprises 9.4% of Kiley Juergens Wealth Management LLC’s portfolio, making the stock its 2nd largest holding. Kiley Juergens Wealth Management LLC’s holdings in Apple were worth $33,670,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of AAPL. Norges Bank bought a new stake in shares of Apple in the 4th quarter valued at $33,912,466,000. Vanguard Group Inc. increased its stake in shares of Apple by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 1,318,064,349 shares of the iPhone maker’s stock valued at $253,766,929,000 after acquiring an additional 18,067,216 shares in the last quarter. Swedbank AB bought a new stake in shares of Apple in the 1st quarter valued at $3,026,492,000. Global Assets Advisory LLC increased its stake in shares of Apple by 23,076.4% in the 1st quarter. Global Assets Advisory LLC now owns 9,240,214 shares of the iPhone maker’s stock valued at $1,584,512,000 after acquiring an additional 9,200,345 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Apple by 158.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker’s stock valued at $1,977,582,000 after acquiring an additional 7,067,379 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the company’s 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 sale, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Chris Kondo sold 5,178 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the sale, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction dated 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 directly owns 191,543 shares in the company, valued at $39,542,136.92. The disclosure for this sale can be found here. Insiders have sold a total of 113,884 shares of company stock valued at $23,723,887 over the last three months. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on AAPL shares. Needham & Company LLC restated a “buy” rating and set a $260.00 price target on shares of Apple in a research note on Thursday, September 19th. Loop Capital upgraded shares of Apple from a “hold” rating to a “buy” rating and boosted their price target for the company from $170.00 to $300.00 in a research note on Monday, July 15th. Rosenblatt Securities restated a “buy” rating and set a $261.00 price target on shares of Apple in a research note on Tuesday, September 10th. Morgan Stanley restated an “overweight” rating and set a $273.00 price target on shares of Apple in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a $265.00 price target on shares of Apple in a research note on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $239.17.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $227.37 on Wednesday. The company has a market capitalization of $3.49 trillion, a P/E ratio of 35.36, a price-to-earnings-growth ratio of 2.62 and a beta of 1.24. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week 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 company’s 50-day moving average is $222.10 and its 200 day moving average is $201.22.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating the consensus estimate of $1.34 by $0.06. The business had revenue of $85.78 billion for 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 147.15%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 earnings per share. On average, equities research analysts forecast that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a dividend of $0.25 per share. 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 dividend payout ratio (DPR) is presently 15.55%.

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.