Oxinas Partners Wealth Management LLC Buys 247 Shares of Apple Inc. (NASDAQ:AAPL)

Oxinas Partners Wealth Management LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,186 shares of the iPhone maker’s stock after purchasing an additional 247 shares during the quarter. Apple makes up approximately 5.1% of Oxinas Partners Wealth Management LLC’s holdings, making the stock its 3rd largest position. Oxinas Partners Wealth Management LLC’s holdings in Apple were worth $7,621,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Octavia Wealth Advisors LLC lifted its stake in Apple by 2.3% in the second quarter. Octavia Wealth Advisors LLC now owns 211,477 shares of the iPhone maker’s stock valued at $44,541,000 after buying an additional 4,673 shares during the last quarter. Northstar Advisory Group LLC lifted its position in Apple by 47.6% in the 2nd quarter. Northstar Advisory Group LLC now owns 40,602 shares of the iPhone maker’s stock valued at $8,552,000 after purchasing an additional 13,100 shares during the last quarter. Privium Fund Management UK Ltd acquired a new position in Apple during the 2nd quarter valued at about $7,920,000. Naviter Wealth LLC boosted its stake in Apple by 14.2% during the 2nd quarter. Naviter Wealth LLC now owns 104,043 shares of the iPhone maker’s stock valued at $21,914,000 after purchasing an additional 12,955 shares during the period. Finally, Magnus Financial Group LLC grew its position in Apple by 2.4% in the 2nd quarter. Magnus Financial Group LLC now owns 120,261 shares of the iPhone maker’s stock worth $25,329,000 after purchasing an additional 2,800 shares during the last quarter. 60.41% of the stock is currently owned by institutional investors.

Insider Transactions at Apple

In related news, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction on Friday, October 4th. The stock was sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the completion of the sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Luca Maestri sold 59,305 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the transaction, the chief financial officer now directly owns 107,788 shares in the company, valued at approximately $24,416,137.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AAPL shares. TD Cowen increased their price objective on Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Evercore ISI restated a “buy” rating and set a $250.00 price objective on shares of Apple in a research note on Thursday, September 26th. Melius Research reaffirmed a “buy” rating and issued a $265.00 price objective on shares of Apple in a report on Tuesday, August 27th. Wedbush reissued an “outperform” rating and set a $285.00 target price on shares of Apple in a research note on Monday, September 9th. Finally, StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus target price of $239.27.

Apple Trading Up 0.2 %

Shares of NASDAQ AAPL opened at $232.15 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. Apple Inc. has a one year low of $164.07 and a one year high of $237.49. The business has a 50-day moving average price of $225.41 and a two-hundred day moving average price of $207.39. The firm has a market capitalization of $3.56 trillion, a PE ratio of 36.10, a PEG ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping the consensus estimate of $1.34 by $0.06. The business had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $1.26 earnings per share. As a group, analysts predict that Apple Inc. will post 6.65 earnings per share for the current fiscal year.

Apple Announces Dividend

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