Apple Inc. (NASDAQ:AAPL) is W Advisors LLC’s 3rd Largest Position

W Advisors LLC lifted its position in Apple Inc. (NASDAQ:AAPL) by 0.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,151 shares of the iPhone maker’s stock after purchasing an additional 81 shares during the period. Apple accounts for about 5.3% of W Advisors LLC’s investment portfolio, making the stock its 3rd biggest position. W Advisors LLC’s holdings in Apple were worth $8,035,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Fidelis Capital Partners LLC raised its stake in Apple by 17.9% in the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after buying an additional 31,278 shares in the last quarter. Access Investment Management LLC bought a new position in Apple in the first quarter worth approximately $140,000. Hoese & Co LLP raised its stake in Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after buying an additional 57 shares in the last quarter. Sage Financial Group Inc. bought a new position in Apple in the second quarter worth approximately $206,000. Finally, Benchmark Wealth Management LLC bought a new position in Apple in the second quarter worth approximately $208,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Maxim Group reissued a “hold” rating and issued a $203.00 price objective on shares of Apple in a research note on Tuesday, September 10th. KeyCorp reissued a “hold” rating and issued a $247.61 price objective on shares of Apple in a research note on Wednesday, August 28th. Tigress Financial upped their price target on Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 28th. Citigroup upped their price target on Apple to $185.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $273.00 price target on shares of Apple in a research report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $237.27.

Apple Price Performance

NASDAQ:AAPL opened at $230.57 on Friday. Apple Inc. has a one year low of $164.07 and a one year high of $237.49. 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 cap of $3.54 trillion, a price-to-earnings ratio of 35.86, a PEG ratio of 2.40 and a beta of 1.24. The firm’s fifty day moving average is $226.64 and its two-hundred day moving average is $209.48.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) 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 business had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. During the same period in the prior year, the company posted $1.26 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Research analysts expect that Apple Inc. will post 6.65 EPS for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Insider Buying and Selling

In related news, CFO Luca Maestri sold 59,305 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 107,788 shares in the company, valued at $24,416,137.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Apple news, CFO Luca Maestri sold 59,305 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the sale, the chief financial officer now owns 107,788 shares in the company, valued at approximately $24,416,137.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $1,121,037.00. Following the completion of the sale, the insider now owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 517,924 shares of company stock worth $114,786,399 in the last 90 days. Insiders own 0.06% of the company’s stock.

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.