Tranquility Partners LLC Buys 828 Shares of Apple Inc. (NASDAQ:AAPL)

Tranquility Partners LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 44,835 shares of the iPhone maker’s stock after purchasing an additional 828 shares during the period. Apple makes up about 3.6% of Tranquility Partners LLC’s portfolio, making the stock its 2nd biggest holding. Tranquility Partners LLC’s holdings in Apple were worth $9,443,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Choreo LLC raised its position in shares of Apple by 16.3% during the fourth quarter. Choreo LLC now owns 468,273 shares of the iPhone maker’s stock worth $90,157,000 after acquiring an additional 65,721 shares during the last quarter. Guyasuta Investment Advisors Inc. boosted its position in shares of Apple by 0.3% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 100,142 shares of the iPhone maker’s stock worth $19,280,000 after purchasing an additional 255 shares in the last quarter. Naviter Wealth LLC raised its position in shares of Apple by 21.1% during the fourth quarter. Naviter Wealth LLC now owns 72,647 shares of the iPhone maker’s stock worth $13,987,000 after purchasing an additional 12,647 shares during the period. EWA LLC grew its holdings in shares of Apple by 1.5% during the fourth quarter. EWA LLC now owns 8,510 shares of the iPhone maker’s stock valued at $1,582,000 after buying an additional 127 shares during the last quarter. Finally, Cypress Capital Management LLC WY raised its stake in shares of Apple by 0.9% in the fourth quarter. Cypress Capital Management LLC WY now owns 97,284 shares of the iPhone maker’s stock worth $18,730,000 after purchasing an additional 876 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their price objective on shares of Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Moffett Nathanson assumed coverage on shares of Apple in a research report on Monday, August 19th. They issued a “neutral” rating and a $211.00 target price for the company. Loop Capital upgraded shares of Apple from a “hold” rating to a “buy” rating and upped their price target for the company from $170.00 to $300.00 in a report on Monday, July 15th. Erste Group Bank upgraded Apple from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. Finally, Evercore ISI restated a “buy” rating and issued a $250.00 price objective on shares of Apple in a report on Thursday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $238.76.

Apple Trading Up 0.1 %

Apple stock opened at $227.79 on Monday. Apple Inc. has a 52 week low of $164.07 and a 52 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 firm has a market capitalization of $3.49 trillion, a PE ratio of 35.43, a PEG ratio of 2.66 and a beta of 1.24. The business’s 50-day simple moving average is $222.19 and its 200-day simple moving average is $202.38.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS 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 147.15%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $1.26 EPS. Equities research analysts forecast that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Announces Dividend

The company 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 is 15.55%.

Insider Buying and Selling

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

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.