Apple Inc. $AAPL Shares Bought by Motive Wealth Advisors

Key Points

• Motive Wealth Advisors increased its stake in Apple Inc. by 12.3%, owning 16,180 shares worth approximately $3.32 million, making Apple its 19th largest holding.
• Apple reported a net margin of 24.30% and a return on equity of 170.91% in its last earnings report, beating analysts' consensus estimates with $94.04 billion in revenue.
• Insider transactions included notable sales by CEO Tim Cook and SVP Katherine L. Adams, who sold shares valued at over $45 million combined, indicating a decrease in their ownership percentages.

Motive Wealth Advisors grew its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 12.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,180 shares of the iPhone maker's stock after purchasing an additional 1,778 shares during the period. Apple makes up about 1.5% of Motive Wealth Advisors' holdings, making the stock its 19th largest holding. Motive Wealth Advisors' holdings in Apple were worth $3,320,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Ryan Investment Management Inc. purchased a new stake in shares of Apple during the second quarter worth $31,000. ROSS JOHNSON & Associates LLC increased its position 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 acquiring an additional 180 shares during the period. Elite Financial Inc. purchased a new stake in shares of Apple during the first quarter worth $58,000. Conquis Financial LLC purchased a new stake in shares of Apple during the fourth quarter worth $63,000. Finally, LSV Asset Management purchased a new stake in shares of Apple during the fourth quarter worth $65,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $258.06 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The company has a market cap of $3.83 trillion, a P/E ratio of 39.16, a PEG ratio of 2.50 and a beta of 1.09. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10. The company has a 50-day moving average price of $235.82 and a 200 day moving average price of $215.55.

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

Apple Dividend Announcement

The business also recently announced 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 of this dividend was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Apple's dividend payout ratio (DPR) is 15.78%.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 47,125 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total value of $12,101,228.75. Following the completion of the transaction, the senior vice president directly owned 179,158 shares of the company's stock, valued at approximately $46,005,982.82. This trade represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 129,963 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the completion of the transaction, the chief executive officer directly owned 3,280,295 shares of the company's stock, valued at approximately $842,412,558.95. This trade represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 254,922 shares of company stock valued at $64,320,190. Corporate insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Melius Research set a $290.00 target price on Apple and gave the company a "buy" rating in a report on Wednesday, September 10th. Seaport Res Ptn raised Apple to a "strong-buy" rating in a report on Wednesday, October 1st. Sanford C. Bernstein assumed coverage on Apple in a report on Monday, September 15th. They issued an "outperform" rating and a $290.00 target price on the stock. Moffett Nathanson raised Apple from a "sell" rating to a "neutral" rating and set a $225.00 target price on the stock in a report on Thursday, September 4th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $266.00 target price on shares of Apple in a report on Tuesday, August 26th. Four equities 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $248.29.

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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