Apple Inc. (NASDAQ:AAPL) Shares Purchased by Compass Financial Advisors LLC

Compass Financial Advisors LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 3.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,571 shares of the iPhone maker’s stock after acquiring an additional 660 shares during the period. Apple accounts for 4.4% of Compass Financial Advisors LLC’s holdings, making the stock its 2nd largest position. Compass Financial Advisors LLC’s holdings in Apple were worth $3,941,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of AAPL. State Street Corp raised its position in shares of Apple by 1.8% in the fourth quarter. State Street Corp now owns 633,115,246 shares of the iPhone maker’s stock valued at $112,422,274,000 after buying an additional 10,951,705 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Apple by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 264,351,901 shares of the iPhone maker’s stock valued at $46,812,958,000 after buying an additional 4,456,954 shares in the last quarter. Norges Bank acquired a new stake in shares of Apple in the fourth quarter valued at approximately $25,228,507,000. Charles Schwab Investment Management Inc. raised its position in shares of Apple by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 79,583,859 shares of the iPhone maker’s stock valued at $14,131,710,000 after buying an additional 1,273,148 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of Apple by 1.6% in the fourth quarter. Parametric Portfolio Associates LLC now owns 55,610,954 shares of the iPhone maker’s stock valued at $9,874,837,000 after buying an additional 871,249 shares in the last quarter. 57.62% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Performance

Shares of Apple stock opened at $163.62 on Friday. Apple Inc. has a one year low of $129.04 and a one year high of $182.94. The company has a market cap of $2.63 trillion, a PE ratio of 27.00, a P/E/G ratio of 2.16 and a beta of 1.23. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.82 and a current ratio of 0.86. The business has a 50-day simple moving average of $154.62 and a 200-day simple moving average of $157.14.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings data 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 business had revenue of $82.96 billion during the quarter, compared to the consensus estimate of $82.97 billion. During the same period in the previous year, the company posted $1.30 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities research analysts forecast that Apple Inc. will post 6.1 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Monday, August 8th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Friday, August 5th. Apple’s dividend payout ratio (DPR) is 15.18%.

Insider Activity at Apple

In related news, SVP Katherine L. Adams sold 25,000 shares of the company’s 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 completion of the transaction, the senior vice president now directly owns 427,334 shares of the company’s stock, valued at $70,411,823.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Katherine L. Adams sold 25,000 shares of the company’s 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 completion of the transaction, the senior vice president now directly owns 427,334 shares of the company’s stock, valued at $70,411,823.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Luca Maestri sold 96,735 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total value of $16,923,788.25. Following the completion of the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wedbush lifted their price objective on shares of Apple from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, August 17th. The Goldman Sachs Group set a $139.00 price objective on shares of Apple in a report on Friday, July 29th. Evercore ISI upped their target price on shares of Apple from $180.00 to $185.00 in a report on Friday, July 29th. KeyCorp upped their price objective on shares of Apple from $177.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, August 19th. Finally, Sanford C. Bernstein set a $170.00 price objective on shares of Apple in a research report on Monday, May 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $181.18.

Apple Company Profile

(Get Rating)

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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