Bernardo Wealth Planning LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,688 shares of the iPhone maker's stock after acquiring an additional 1,239 shares during the quarter. Apple comprises approximately 2.2% of Bernardo Wealth Planning LLC's holdings, making the stock its 13th largest holding. Bernardo Wealth Planning LLC's holdings in Apple were worth $8,359,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Christopher J. Hasenberg Inc acquired a new stake in Apple during the first quarter worth $35,000. Fidelis Capital Partners LLC boosted its stake in Apple by 17.9% during 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. A.P. Gilfoyle & Co. L.P. acquired a new stake in Apple during the fourth quarter worth $39,000. Gilfoyle & Co LLC boosted its stake in Apple by 168.0% during the fourth quarter. Gilfoyle & Co LLC now owns 268 shares of the iPhone maker's stock worth $52,000 after buying an additional 168 shares in the last quarter. Finally, University of Texas Texas AM Investment Managment Co. boosted its stake in shares of Apple by 657.1% in the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker's stock valued at $82,000 after purchasing an additional 368 shares in the last quarter. Institutional investors own 60.41% of the company's stock.
Insider Buying and Selling
In related news, insider Chris Kondo sold 8,706 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the sale, the insider now directly owns 15,419 shares of the company's stock, valued at approximately $3,469,275. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the company's stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the transaction, the senior vice president now owns 191,543 shares of the company's stock, valued at approximately $39,542,136.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Chris Kondo sold 8,706 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total value of $1,958,850.00. Following the transaction, the insider now directly owns 15,419 shares of the company's stock, valued at approximately $3,469,275. The disclosure for this sale can be found here. In the last three months, insiders sold 113,884 shares of company stock valued at $23,723,887. 0.06% of the stock is owned by corporate insiders.
Apple Trading Up 1.5 %
Shares of AAPL stock traded up $3.30 on Thursday, reaching $229.79. The company had a trading volume of 51,855,915 shares, compared to its average volume of 61,747,887. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 1.24. The stock has a market cap of $3.52 trillion, a PE ratio of 35.74, a PEG ratio of 2.60 and a beta of 1.24. The company has a 50-day moving average of $221.05 and a 200-day moving average of $195.24. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.23.
Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.06. Apple had a return on equity of 145.35% and a net margin of 26.44%. The business had revenue of $85.78 billion during the quarter, compared to analysts' expectations of $84.43 billion. During the same period in the prior year, the business earned $1.26 EPS. Apple's revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts forecast that Apple Inc. will post 6.61 earnings per share for the current year.
Apple declared that its board has authorized a share repurchase program on Thursday, May 2nd that permits the company to buyback $110.00 billion in shares. This buyback authorization permits the iPhone maker to buy up to 3.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.
Apple Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. Apple's payout ratio is 15.55%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on AAPL shares. Canaccord Genuity Group boosted their target price on shares of Apple from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Saturday, May 4th. Tigress Financial boosted their target price on shares of Apple from $245.00 to $295.00 and gave the company a "strong-buy" rating in a research note on Wednesday. Raymond James boosted their target price on shares of Apple from $200.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Itau BBA Securities upgraded shares of Apple from an "underperform" rating to a "market perform" rating and boosted their target price for the company from $162.00 to $188.00 in a research note on Friday, May 3rd. Finally, StockNews.com upgraded shares of Apple from a "hold" rating to a "buy" rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $237.30.
Read Our Latest Report on AAPL
About Apple
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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.
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