Arlington Financial Advisors LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 5.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,940 shares of the iPhone maker’s stock after purchasing an additional 1,336 shares during the quarter. Apple comprises about 2.9% of Arlington Financial Advisors LLC’s portfolio, making the stock its 11th biggest position. Arlington Financial Advisors LLC’s holdings in Apple were worth $4,936,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Delphi Private Advisors LLC acquired a new stake in Apple during the 2nd quarter worth about $120,000. Quattro Financial Advisors LLC acquired a new stake in Apple during the 1st quarter worth about $133,000. CX Institutional acquired a new stake in Apple during the 2nd quarter worth about $135,000. Gainplan LLC acquired a new stake in Apple during the 1st quarter worth about $200,000. Finally, Chessman Wealth Strategies RIA acquired a new stake in Apple during the 1st quarter worth about $205,000. 57.14% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Chris Kondo sold 3,408 shares of Apple stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $190.00, for a total value of $647,520.00. Following the completion of the transaction, the insider now owns 8,940 shares in the company, valued at approximately $1,698,600. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Jeffrey E. Williams sold 61,998 shares of Apple stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $232.33, for a total value of $14,403,995.34. Following the completion of the transaction, the chief operating officer now owns 124,695 shares of the company’s stock, valued at approximately $28,970,389.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 204,845 shares of company stock valued at $47,015,677. 0.08% of the stock is owned by company insiders.
Shares of Apple stock opened at $168.49 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.12 and a debt-to-equity ratio of 0.87. Apple Inc. has a twelve month low of $150.24 and a twelve month high of $233.47. The stock has a market capitalization of $828.15 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 1.21 and a beta of 1.20.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.78 by $0.13. Apple had a return on equity of 48.68% and a net margin of 22.41%. The firm had revenue of $62.90 billion during the quarter, compared to analyst estimates of $61.55 billion. During the same quarter in the previous year, the business earned $2.07 EPS. Apple’s revenue for the quarter was up 19.6% compared to the same quarter last year. Analysts forecast that Apple Inc. will post 13.32 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Monday, November 12th were paid a $0.73 dividend. The ex-dividend date was Thursday, November 8th. This represents a $2.92 annualized dividend and a dividend yield of 1.73%. Apple’s dividend payout ratio is presently 24.52%.
A number of analysts have commented on AAPL shares. UBS Group started coverage on Apple in a research report on Wednesday, September 12th. Maxim Group lifted their price target on Apple to $221.00 and gave the stock an “average” rating in a research report on Thursday, September 13th. Royal Bank of Canada lifted their price target on Apple to $250.00 and gave the stock an “average” rating in a research report on Wednesday, September 26th. Tigress Financial reaffirmed a “buy” rating on shares of Apple in a research report on Thursday, August 30th. Finally, HSBC set a $205.00 price target on Apple and gave the stock a “buy” rating in a research report on Thursday, August 30th. Four analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $219.47.
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Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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