Apple Inc. (NASDAQ:AAPL) is Emerald Advisors LLC’s 10th largest holding

Emerald Advisors LLC raised its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 2.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,478 shares of the iPhone maker’s stock after buying an additional 430 shares during the period. Apple accounts for about 0.7% of Emerald Advisors LLC’s holdings, making the stock its 10th biggest holding. Emerald Advisors LLC’s holdings in Apple were worth $4,313,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Apple by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,318,064,349 shares of the iPhone maker’s stock worth $253,766,929,000 after purchasing an additional 18,067,216 shares in the last quarter. Norges Bank bought a new position in Apple in the fourth quarter valued at approximately $33,912,466,000. Wellington Management Group LLP grew its position in Apple by 3.6% during the 4th quarter. Wellington Management Group LLP now owns 60,651,275 shares of the iPhone maker’s stock valued at $11,677,190,000 after buying an additional 2,096 shares. .360 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Apple by 2.0% in the 4th quarter. Fisher Asset Management LLC now owns 54,702,300 shares of the iPhone maker’s stock valued at $10,531,834,000 after buying another 1,067,587 shares in the last quarter. Finally, Capital International Investors boosted its holdings in Apple by 7.1% in the first quarter. Capital International Investors now owns 37,146,325 shares of the iPhone maker’s stock worth $6,369,852,000 after buying an additional 2,474,887 shares during the last quarter. Institutional investors own 60.41% of the company’s shares.

Apple stock down 0.7%

Shares of AAPL opened at $220.82 on Friday. Apple Inc. has a 12-month low of $164.07 and a 12-month 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 cap of $3.39 trillion, a PE ratio of 34.34, a price-to-earnings-growth ratio of 2.69 and a beta of 1.24. The company’s 50-day moving average is $223.09 and its 200-day moving average is $197.26.

Apple (NASDAQ:AAPL – Get Your Free Report ) last released 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 net margin of 26.44% and a return on equity of 147.15%. The firm had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. In the same quarter last year, the company posted earnings of $1.26 per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Research analysts expect that Apple Inc. to post 6.7 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Analysts on Wall Street are forecasting an increase

Several brokerages have recently weighed in on AAPL. StockNews.com raised shares of Apple from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Raymond James upped their target price on Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. boosted their price objective on Apple from $245.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Morgan Stanley reissued an “overweight” rating and issued a $273.00 target price on shares of Apple in a research report on Tuesday, August 27th. Finally, KeyCorp reaffirmed a “hold” rating and set a $247.61 price target on shares of Apple in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Moderate Buy” and an average price target of $238.62, according to MarketBeat.com.

Read the latest report on Apple

Insider buying and selling at Apple

In related news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via 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 sale, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction 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. The disclosure for this sale can be found here. Insiders have sold 113,884 shares of company stock worth $23,723,887 over the last 90 days. Insiders own 0.06% of the company’s shares.

Apple Company Profile

(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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