Apple Inc. (NASDAQ:AAPL) is Strategic Wealth Partners Ltd.’s 8th largest holding.

Strategic Wealth Partners Ltd. increased its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 9.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,895 shares of the iPhone maker’s stock after purchasing an additional 9,133 shares during the period. Apple comprises 2.0% of Strategic Wealth Partners Ltd.’s holdings, making the stock its 8th biggest holding. Strategic Wealth Partners Ltd.’s holdings in Apple were worth $18,159,000 as of its most recent SEC filing.

Several other large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Apple by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 1,318,064,349 shares of the iPhone maker’s stock valued at $253,766,929,000 after purchasing an additional 18,067,216 shares in the last quarter. Norges Bank bought a new stake in shares of Apple in the fourth quarter valued at approximately $33,912,466,000. International Assets Investment Management LLC boosted its holdings in shares of Apple by 14,395.4% in the fourth quarter. International Assets Investment Management LLC now owns 70,700,395 shares of the iPhone maker’s stock valued at $136,119,470,000 after acquiring an additional 70,212,651 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Apple by 3.6% during the fourth quarter. Wellington Management Group LLP now owns 60,651,275 shares of the iPhone maker’s stock worth $11,677,190,000 after buying an additional 2,096,360 shares during the period. Finally, Fisher Asset Management LLC grew its stake in Apple by 2.0% during the 4th quarter. Fisher Asset Management LLC now owns 54,702,300 shares of the iPhone maker’s stock, worth 10,531 shares. $834,000 after buying an additional 1,067,587 shares in the last quarter. 60.41% of shares are held by institutional investors.

Insider buying and selling at Apple

In other news, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The sale was disclosed in a legal filing with the SEC, which is available via this hyperlink. Also, Director Arthur D. Levinson sold 75,000 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $191.58, for a total transaction of $14,368,500.00. Following the transaction, the director now directly owns 4,359,576 shares in the company, valued at $835,207,570.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 188,884 shares of company stock worth $38,092,387. Company insiders hold 0.06% of the company’s stock.

Analyst upgrades and downgrades

A number of research firms recently commented on AAPL. Erste Group Bank raised shares of Apple from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. Citigroup upped their target price on Apple from $210.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. StockNews.com upgraded Apple from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Cfra boosted their target price on Apple from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Evercore ISI restated a “buy” rating and set a $250.00 price objective on shares of Apple in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. Apple presently has an average rating of “Moderate Buy” and an average price target of $233.63, according to MarketBeat.com.

Check out our latest analysis of AAPL

Apple stock performance

AAPL opened at $224.53 on Friday. The firm has a fifty day moving average price of $220.03 and a 200 day moving average price of $194.13. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.23. The stock has a market cap of $3.44 trillion, a P/E ratio of 34.92, a P/E/G ratio of 2.60 and a beta of 1.24. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.04, and a quick ratio of 0.99.

Apple (NASDAQ:AAPL – Get Free Report ) last issued its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 145.35%. The company had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. In the same quarter last year, the company posted earnings of $1.26 per share. The company’s revenue was up 4.9% compared to the same quarter last year. Equity research analysts anticipate that Apple Inc. will post 6.61 earnings per share for the current year.

Apple declared that its Board of Directors has approved a stock buyback plan on Thursday, May 2nd that permits the company to repurchase $110.00 billion in shares. This buyback authorization allows the iPhone maker to buy up to 3.9% of its shares through open market purchases. Stock buyback plans are usually a sign that a company’s board of directors believes its stock is undervalued.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 12. This represents a dividend of $1.00 on an annualized basis and a yield of 0.45%. Apple’s dividend payout ratio is currently 15.55%.

About Apple

(Free report)

Apple Inc designs, manufactures and markets smartphones, personal computers, tablets, wearable devices and accessories worldwide. The company offers the iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multifunction tablets; and wearables, home and accessories including AirPods, Apple TV, Apple Watch, Beats products and HomePod.

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