Apple Inc. (NASDAQ:AAPL) Shares Acquired by Liberty Wealth Management LLC

Liberty Wealth Management LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 70.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 181,551 shares of the iPhone maker’s stock after buying an additional 75,072 shares during the quarter. Apple comprises about 0.9% of Liberty Wealth Management LLC’s holdings, making the stock its 25th largest position. Liberty Wealth Management LLC’s holdings in Apple were worth $38,238,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Access Investment Management LLC acquired a new position in Apple in the 1st quarter valued at $140,000. Hoese & Co LLP lifted its holdings in Apple by 6.7% in the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after purchasing an additional 57 shares in the last quarter. Sage Financial Group Inc. purchased a new position in Apple in the 2nd quarter valued at about $206,000. Benchmark Wealth Management LLC acquired a new position in shares of Apple during the 2nd quarter valued at about $208,000. Finally, Sequent Asset Management LLC acquired a new position in shares of Apple during the 2nd quarter valued at about $214,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Apple Price Performance

Shares of Apple stock opened at $231.41 on Friday. 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’s 50-day moving average price is $226.86 and its two-hundred day moving average price is $210.34. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. The stock has a market cap of $3.55 trillion, a PE ratio of 35.99, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The firm had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. During the same quarter in the previous year, the company earned $1.26 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Apple Inc. will post 6.65 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. Apple’s payout ratio is 15.55%.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of research analyst reports. UBS Group reissued a “hold” rating and set a $236.00 target price on shares of Apple in a research report on Wednesday, October 16th. Melius Research reaffirmed a “buy” rating and issued a $265.00 price objective on shares of Apple in a research report on Tuesday, August 27th. Maxim Group reaffirmed a “hold” rating and issued a $203.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Piper Sandler reaffirmed a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research report on Wednesday, October 9th. Finally, Loop Capital increased their target price on Apple to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.91.

Insider Activity at Apple

In related news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the sale, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the sale, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $20,644,000.00. Following the transaction, the senior vice president now owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is owned by corporate insiders.

About Apple

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.