Apple Inc. (NASDAQ:AAPL) is FCF Advisors LLC’s Largest Position

FCF Advisors LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 26.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 84,318 shares of the iPhone maker’s stock after purchasing an additional 17,876 shares during the quarter. Apple makes up approximately 4.9% of FCF Advisors LLC’s portfolio, making the stock its biggest position. FCF Advisors LLC’s holdings in Apple were worth $14,723,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Laurel Wealth Planning LLC boosted its stake in shares of Apple by 41.2% during the first quarter. Laurel Wealth Planning LLC now owns 5,481 shares of the iPhone maker’s stock valued at $957,000 after purchasing an additional 1,600 shares during the period. Agate Pass Investment Management LLC raised its holdings in shares of Apple by 0.5% during the first quarter. Agate Pass Investment Management LLC now owns 43,626 shares of the iPhone maker’s stock valued at $7,618,000 after acquiring an additional 225 shares in the last quarter. Godsey & Gibb Associates bought a new position in shares of Apple during the first quarter valued at approximately $25,199,000. Brand Asset Management Group Inc. raised its holdings in shares of Apple by 26.6% during the first quarter. Brand Asset Management Group Inc. now owns 7,777 shares of the iPhone maker’s stock valued at $1,358,000 after acquiring an additional 1,632 shares in the last quarter. Finally, Sage Financial Management Group Inc. raised its holdings in shares of Apple by 19.8% during the first quarter. Sage Financial Management Group Inc. now owns 4,988 shares of the iPhone maker’s stock valued at $871,000 after acquiring an additional 825 shares in the last quarter. Hedge funds and other institutional investors own 57.98% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of recent analyst reports. Rosenblatt Securities decreased their target price on Apple from $168.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, July 29th. set a $175.00 price objective on Apple in a report on Friday, July 29th. Wells Fargo & Company decreased their price objective on Apple from $205.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, July 20th. KeyCorp increased their price objective on Apple from $173.00 to $177.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Itau BBA Securities began coverage on Apple in a report on Tuesday, July 26th. They issued an “underperform” rating and a $136.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $179.27.

Apple Stock Down 0.1 %

NASDAQ AAPL opened at $165.35 on Friday. The stock’s 50 day moving average is $146.34 and its 200 day moving average is $157.12. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.63. Apple Inc. has a 12 month low of $129.04 and a 12 month high of $182.94. The stock has a market cap of $2.66 trillion, a PE ratio of 27.29, a P/E/G ratio of 2.15 and a beta of 1.23.

Apple (NASDAQ:AAPLGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.06. Apple had a return on equity of 152.97% and a net margin of 25.71%. The company had revenue of $82.96 billion for the quarter, compared to analysts’ expectations of $82.97 billion. During the same period in the previous year, the firm earned $1.30 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. Research analysts predict that Apple Inc. will post 6.1 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 11th. Shareholders of record on Monday, August 8th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Friday, August 5th. Apple’s payout ratio is 15.18%.

Apple declared that its board has authorized a stock buyback plan on Thursday, April 28th that authorizes the company to buyback $90.00 billion in outstanding shares. This buyback authorization authorizes the iPhone maker to reacquire up to 3.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Apple news, SVP Katherine L. Adams sold 25,000 shares of Apple stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total value of $4,119,250.00. Following the sale, the senior vice president now owns 427,334 shares of the company’s stock, valued at approximately $70,411,823.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Apple Profile

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Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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