Apple Inc. (NASDAQ:AAPL) is RPg Family Wealth Advisory LLC’s 2nd Largest Position

RPg Family Wealth Advisory LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,190 shares of the iPhone maker’s stock after selling 260 shares during the period. Apple accounts for approximately 3.2% of RPg Family Wealth Advisory LLC’s portfolio, making the stock its 2nd largest holding. RPg Family Wealth Advisory LLC’s holdings in Apple were worth $9,729,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AAPL. Swedbank AB purchased a new position in shares of Apple in the first quarter valued at $3,026,492,000. Strategic Financial Concepts LLC grew its position in Apple by 14,145.8% during the second quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock worth $1,603,000 after buying an additional 7,558,826 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Apple by 158.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker’s stock worth $1,977,582,000 after purchasing an additional 7,067,379 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Apple by 161.2% in the 1st quarter. Lazard Asset Management LLC now owns 8,759,445 shares of the iPhone maker’s stock worth $1,502,068,000 after purchasing an additional 5,405,542 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new position in shares of Apple in the 2nd quarter worth about $834,368,000. 60.41% of the stock is owned by institutional investors.

Apple Price Performance

Apple stock opened at $223.45 on Wednesday. The firm has a market cap of $3.40 trillion, a PE ratio of 36.75, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.49. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The company’s 50 day moving average is $226.98 and its two-hundred day moving average is $213.44.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. During the same period last year, the business earned $1.46 EPS. The company’s revenue was up 6.1% on a year-over-year basis. On average, research analysts expect that Apple Inc. will post 7.45 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.45%. Apple’s dividend payout ratio is currently 16.45%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. UBS Group reissued a “hold” rating and issued a $236.00 target price on shares of Apple in a research note on Wednesday, October 16th. Tigress Financial upped their price target on Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 28th. Piper Sandler reiterated a “neutral” rating and set a $225.00 target price on shares of Apple in a research note on Wednesday, October 9th. StockNews.com cut Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Wedbush reissued an “outperform” rating and set a $285.00 price target on shares of Apple in a report on Monday, September 9th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.51.

Insiders Place Their Bets

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the sale, the insider now owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 417,924 shares of company stock valued at $94,142,399. Insiders own 0.06% of the company’s stock.

Apple 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.