Consilium Wealth Advisory LLC Has $15.16 Million Position in Apple Inc. (NASDAQ:AAPL)

Consilium Wealth Advisory LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 5.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,970 shares of the iPhone maker’s stock after acquiring an additional 4,009 shares during the quarter. Apple makes up approximately 8.3% of Consilium Wealth Advisory LLC’s holdings, making the stock its 3rd biggest holding. Consilium Wealth Advisory LLC’s holdings in Apple were worth $15,158,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. United Asset Strategies Inc. lifted its holdings in Apple by 6.1% during the 2nd quarter. United Asset Strategies Inc. now owns 160,642 shares of the iPhone maker’s stock worth $33,834,000 after buying an additional 9,272 shares in the last quarter. PrairieView Partners LLC increased its stake in shares of Apple by 3.8% in the 2nd quarter. PrairieView Partners LLC now owns 25,871 shares of the iPhone maker’s stock valued at $5,448,000 after buying an additional 939 shares during the period. Eldridge Investment Advisors Inc. raised its position in shares of Apple by 3.6% during the second quarter. Eldridge Investment Advisors Inc. now owns 25,195 shares of the iPhone maker’s stock worth $5,307,000 after acquiring an additional 871 shares during the last quarter. FFT Wealth Management LLC lifted its stake in shares of Apple by 28.0% during the second quarter. FFT Wealth Management LLC now owns 10,665 shares of the iPhone maker’s stock valued at $2,246,000 after acquiring an additional 2,334 shares during the period. Finally, Augustine Asset Management Inc. boosted its holdings in Apple by 0.3% in the second quarter. Augustine Asset Management Inc. now owns 135,527 shares of the iPhone maker’s stock valued at $28,545,000 after acquiring an additional 398 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Stock Up 1.1 %

NASDAQ:AAPL opened at $233.85 on Wednesday. The stock has a 50-day simple moving average of $224.59 and a 200 day simple moving average of $207.04. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.49. The company has a market cap of $3.59 trillion, a PE ratio of 36.37, a PEG ratio of 2.40 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95.

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 the consensus estimate of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The company had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. During the same period last year, the business earned $1.26 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts expect that Apple Inc. will post 6.65 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.43%. Apple’s payout ratio is currently 15.55%.

Insiders Place Their Bets

In related news, insider Chris Kondo sold 5,178 shares of the 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other 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 transaction of $20,644,000.00. Following the transaction, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. 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 this link. Also, insider Chris Kondo sold 5,178 shares of the company’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 completion of the sale, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 517,924 shares of company stock valued at $114,786,399 in the last three months. 0.06% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AAPL has been the subject of several recent research reports. Rosenblatt Securities reissued a “buy” rating and set a $261.00 price objective on shares of Apple in a report on Tuesday, September 10th. Barclays reissued an “underweight” rating and set a $186.00 price target on shares of Apple in a research note on Tuesday, October 1st. Wedbush reaffirmed an “outperform” rating and issued a $285.00 price objective on shares of Apple in a research note on Monday, September 9th. TD Cowen upped their target price on shares of Apple from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, UBS Group increased their price target on Apple from $190.00 to $236.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average target price of $239.27.

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.