Annex Advisory Services LLC Acquires 6,233 Shares of Apple Inc. (NASDAQ:AAPL)

Annex Advisory Services LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 201,041 shares of the iPhone maker's stock after buying an additional 6,233 shares during the quarter. Apple comprises about 1.5% of Annex Advisory Services LLC's holdings, making the stock its 9th largest position. Annex Advisory Services LLC's holdings in Apple were worth $42,343,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. PBMares Wealth Management LLC lifted its position in Apple by 1.4% in the fourth quarter. PBMares Wealth Management LLC now owns 39,812 shares of the iPhone maker's stock valued at $7,665,000 after purchasing an additional 547 shares during the period. Tobam lifted its position in Apple by 13.5% in the fourth quarter. Tobam now owns 20,649 shares of the iPhone maker's stock valued at $3,976,000 after purchasing an additional 2,455 shares during the period. Baillie Gifford & Co. lifted its position in Apple by 0.3% in the fourth quarter. Baillie Gifford & Co. now owns 653,695 shares of the iPhone maker's stock valued at $125,856,000 after purchasing an additional 1,696 shares during the period. B.O.S.S. Retirement Advisors LLC lifted its position in Apple by 7.4% in the fourth quarter. B.O.S.S. Retirement Advisors LLC now owns 83,775 shares of the iPhone maker's stock valued at $16,129,000 after purchasing an additional 5,765 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Apple by 54.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 1,262,924 shares of the iPhone maker's stock valued at $243,151,000 after acquiring an additional 443,462 shares during the period. Hedge funds and other institutional investors own 60.41% of the company's stock.

Insider Activity

In other news, SVP Katherine L. Adams sold 100,000 shares of the company's stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the sale, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Chris Kondo sold 8,706 shares of the business's stock in a transaction dated Thursday, August 15th. The shares were 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 owns 15,419 shares of the company's stock, valued at approximately $3,469,275. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Katherine L. Adams sold 100,000 shares of the company's stock in a transaction dated 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 113,884 shares of company stock worth $23,723,887. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Down 0.3 %

AAPL stock traded down $0.79 during trading on Monday, reaching $229.00. The stock had a trading volume of 52,990,699 shares, compared to its average volume of 61,696,328. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.23. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $3.51 trillion, a P/E ratio of 35.61, a PEG ratio of 2.69 and a beta of 1.24. The firm has a fifty day moving average price of $221.88 and a 200 day moving average price of $195.93.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.06. The firm had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The firm's revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.26 EPS. On average, equities analysts anticipate that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple's dividend payout ratio (DPR) is presently 15.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AAPL shares. Evercore ISI reiterated an "outperform" rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, August 27th. The Goldman Sachs Group lifted their price target on shares of Apple from $265.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Robert W. Baird lifted their price target on shares of Apple from $200.00 to $240.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. TD Cowen lifted their price target on shares of Apple from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, July 29th. Finally, Raymond James lifted their price target on shares of Apple from $200.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $237.30.

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.