Apple Inc. $AAPL is LexAurum Advisors LLC's 10th Largest Position

LexAurum Advisors LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,757 shares of the iPhone maker's stock after purchasing an additional 1,355 shares during the period. Apple comprises 2.2% of LexAurum Advisors LLC's portfolio, making the stock its 10th largest position. LexAurum Advisors LLC's holdings in Apple were worth $13,902,000 at the end of the most recent reporting period.

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A number of other institutional investors have also made changes to their positions in AAPL. Salus Financial Advisors LLC boosted its stake in Apple by 3.9% during the first quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker's stock valued at $291,000 after buying an additional 49 shares in the last quarter. Sharpepoint LLC lifted its holdings in Apple by 3.5% in the 1st quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker's stock valued at $322,000 after acquiring an additional 51 shares during the last quarter. Redwood Financial Network Corp raised its holdings in shares of Apple by 0.6% in the 4th quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker's stock worth $2,184,000 after purchasing an additional 53 shares in the last quarter. Mission Hills Financial Advisory LLC raised its holdings in shares of Apple by 1.3% in the 1st quarter. Mission Hills Financial Advisory LLC now owns 4,016 shares of the iPhone maker's stock worth $892,000 after purchasing an additional 53 shares in the last quarter. Finally, Virginia Wealth Management Group Inc. raised its holdings in shares of Apple by 0.3% in the 2nd quarter. Virginia Wealth Management Group Inc. now owns 20,946 shares of the iPhone maker's stock worth $4,298,000 after purchasing an additional 53 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on AAPL. Morgan Stanley set a $298.00 price target on shares of Apple and gave the stock an "overweight" rating in a research report on Thursday, October 2nd. Monness Crespi & Hardt lifted their target price on Apple from $245.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Loop Capital reduced their target price on Apple from $230.00 to $226.00 and set a "hold" rating for the company in a report on Thursday, August 21st. Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a report on Friday, July 25th. Finally, CLSA upgraded Apple to a "strong-buy" rating in a report on Sunday, October 5th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Apple presently has an average rating of "Moderate Buy" and a consensus target price of $248.29.

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Read Our Latest Stock Report on AAPL

Apple Stock Performance

AAPL stock opened at $247.45 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The stock has a market cap of $3.67 trillion, a P/E ratio of 37.55, a P/E/G ratio of 2.43 and a beta of 1.09. The firm has a 50 day simple moving average of $240.67 and a 200 day simple moving average of $216.66. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10.

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Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.14. Apple had a net margin of 24.30% and a return on equity of 170.91%. The company had revenue of $94.04 billion during the quarter, compared to the consensus estimate of $88.64 billion. During the same quarter in the prior year, the firm earned $1.40 EPS. The company's revenue was up 9.6% compared to the same quarter last year. Research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple's dividend payout ratio is 15.78%.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 47,125 shares of Apple stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the completion of the sale, the senior vice president directly owned 179,158 shares in the company, valued at $46,005,982.82. The trade was a 20.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Deirdre O'brien sold 43,013 shares of Apple stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $257.39, for a total value of $11,071,116.07. Following the sale, the senior vice president owned 136,687 shares of the company's stock, valued at approximately $35,181,866.93. This represents a 23.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 254,922 shares of company stock worth $64,320,190 over the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

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.

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