Apple Inc. $AAPL is Eaton Financial Holdings Company LLC's 9th Largest Position

Key Points

• Eaton Financial Holdings Company LLC increased its stake in Apple Inc. by 117.4% in the second quarter, making Apple its 9th largest investment with a total holding worth approximately $11.3 million.
• Apple has announced a quarterly dividend of $0.26 per share, resulting in an annualized yield of 0.4% with a payout ratio of 15.78%.
• The stock has a current market capitalization of $3.83 trillion and reported quarterly earnings of $1.57 EPS, surpassing analysts' expectations with revenues of $94.04 billion.

Eaton Financial Holdings Company LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 117.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,282 shares of the iPhone maker's stock after purchasing an additional 29,851 shares during the quarter. Apple comprises 3.5% of Eaton Financial Holdings Company LLC's investment portfolio, making the stock its 9th largest holding. Eaton Financial Holdings Company LLC's holdings in Apple were worth $11,342,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ryan Investment Management Inc. acquired a new stake in shares of Apple during the second quarter worth $31,000. ROSS JOHNSON & Associates LLC lifted its holdings in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after purchasing an additional 180 shares during the period. Life Planning Partners Inc acquired a new stake in shares of Apple during the fourth quarter worth $47,000. Elite Financial Inc. acquired a new stake in shares of Apple during the first quarter worth $58,000. Finally, Conquis Financial LLC acquired a new stake in shares of Apple during the fourth quarter worth $63,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Trading Up 0.3%

Apple stock opened at $258.02 on Friday. The stock has a market cap of $3.83 trillion, a PE ratio of 39.15, a P/E/G ratio of 2.50 and a beta of 1.09. The stock has a 50-day moving average price of $233.09 and a 200 day moving average price of $214.69. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25.

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

Apple Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AAPL. Seaport Res Ptn raised Apple to a "strong-buy" rating in a report on Wednesday. UBS Group reiterated a "neutral" rating on shares of Apple in a research report on Monday, September 8th. Moffett Nathanson upgraded Apple from a "sell" rating to a "neutral" rating and set a $225.00 price objective for the company in a research report on Thursday, September 4th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Apple in a research report on Saturday, September 27th. Finally, Jefferies Financial Group cut Apple from a "hold" rating to an "underperform" rating and cut their price objective for the stock from $205.82 to $205.16 in a research report on Friday. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Apple has an average rating of "Moderate Buy" and an average target price of $247.49.

Insider Buying and Selling at Apple

In other Apple news, SVP Deirdre O'brien sold 43,013 shares of Apple stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total value of $11,071,116.07. Following the completion of the sale, the senior vice president owned 136,687 shares in the company, valued at $35,181,866.93. The trade was a 23.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Timothy D. Cook sold 129,963 shares of Apple stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total value of $33,375,798.03. Following the completion of the sale, the chief executive officer owned 3,280,295 shares of the company's stock, valued at $842,412,558.95. This trade represents a 3.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 254,922 shares of company stock worth $64,320,190 in the last 90 days. 0.06% of the stock is owned by company 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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