Apple Inc. $AAPL Shares Bought by Lineweaver Wealth Advisors LLC

Key Points

• Lineweaver Wealth Advisors LLC increased its stake in Apple Inc. by 4.0% in Q2, owning nearly 95,000 shares valued at approximately $19.5 million, making Apple its 9th largest holding.
• Apple's stock currently has an average rating of "Moderate Buy" from analysts, with target prices ranging from $200 to $310.
• Recent insider trading revealed that SVP Deirdre O'brien sold over 34,000 shares of Apple, indicating a 20.30% decrease in her ownership of the stock.

Lineweaver Wealth Advisors LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 94,963 shares of the iPhone maker's stock after acquiring an additional 3,622 shares during the period. Apple comprises about 3.1% of Lineweaver Wealth Advisors LLC's portfolio, making the stock its 9th largest holding. Lineweaver Wealth Advisors LLC's holdings in Apple were worth $19,484,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. ROSS JOHNSON & Associates LLC boosted its position in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after buying an additional 180 shares during the period. Life Planning Partners Inc acquired a new stake in shares of Apple in the fourth quarter worth $47,000. Elite Financial Inc. acquired a new stake in shares of Apple in the first quarter worth $58,000. Conquis Financial LLC acquired a new stake in shares of Apple in the fourth quarter worth $63,000. Finally, LSV Asset Management acquired a new stake in shares of Apple in the fourth quarter worth $65,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AAPL. DA Davidson reaffirmed a "neutral" rating and issued a $250.00 target price on shares of Apple in a research report on Thursday, September 11th. BMO Capital Markets reaffirmed a "buy" rating on shares of Apple in a research report on Wednesday, August 13th. Sanford C. Bernstein assumed coverage on Apple in a research report on Monday, September 15th. They issued an "outperform" rating and a $290.00 target price for the company. Phillip Securities lowered Apple from a "hold" rating to a "moderate sell" rating and set a $200.00 price objective for the company. in a report on Thursday, September 11th. Finally, Wedbush set a $310.00 price objective on Apple and gave the company an "outperform" rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $244.66.

Insider Activity

In other news, SVP Deirdre O'brien sold 34,821 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $223.20, for a total value of $7,772,047.20. Following the sale, the senior vice president directly owned 136,687 shares of the company's stock, valued at approximately $30,508,538.40. This trade represents a 20.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.06% of the company's stock.

Apple Price Performance

NASDAQ AAPL opened at $252.31 on Thursday. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The stock's 50-day moving average is $227.04 and its two-hundred day moving average is $212.78. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The firm has a market cap of $3.74 trillion, a P/E ratio of 38.29, a price-to-earnings-growth ratio of 2.64 and a beta of 1.11.

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

Apple Announces Dividend

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

Apple Company 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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