Sarver Vrooman Wealth Advisors Has $542,000 Holdings in Apple Inc. $AAPL

Key Points

• Sarver Vrooman Wealth Advisors increased its stake in Apple Inc. by 112.8% during Q2, owning 2,641 shares valued at $542,000, making it the fund's 9th largest position.
• Analysts have set a consensus price target of $242.74 for Apple, with two strong buy, fifteen buy, and one sell rating according to recent reports.
• Apple recently announced a quarterly dividend of $0.26 per share, representing an annual yield of 0.4% and a payout ratio of 15.78%.

Sarver Vrooman Wealth Advisors grew its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 112.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,641 shares of the iPhone maker's stock after purchasing an additional 1,400 shares during the quarter. Apple makes up approximately 0.4% of Sarver Vrooman Wealth Advisors' investment portfolio, making the stock its 9th largest holding. Sarver Vrooman Wealth Advisors' holdings in Apple were worth $542,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. ROSS JOHNSON & Associates LLC grew its position in 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 buying an additional 180 shares in the last quarter. Life Planning Partners Inc acquired a new position in Apple in the 4th quarter valued at $47,000. Elite Financial Inc. bought a new stake in shares of Apple during the 1st quarter valued at $58,000. Conquis Financial LLC acquired a new stake in shares of Apple during the 4th quarter worth $63,000. Finally, LSV Asset Management acquired a new stake in shares of Apple during the 4th quarter worth $65,000. 67.73% of the stock is owned by institutional investors.

Apple Price Performance

NASDAQ:AAPL traded up $10.58 during trading hours on Monday, hitting $256.08. The company's stock had a trading volume of 105,286,841 shares, compared to its average volume of 53,632,036. 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 company has a market capitalization of $3.80 trillion, a P/E ratio of 38.86, a PEG ratio of 2.55 and a beta of 1.11. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10. The stock has a fifty day simple moving average of $224.35 and a 200-day simple moving average of $212.10.

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

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were given 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 dividend payout ratio (DPR) is currently 15.78%.

Insider Buying and Selling

In related news, SVP Deirdre O'brien sold 34,821 shares of the business's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $223.20, for a total value of $7,772,047.20. Following the sale, the senior vice president owned 136,687 shares of the company's stock, valued at $30,508,538.40. The trade was a 20.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. The Goldman Sachs Group reissued a "buy" rating and set a $266.00 target price on shares of Apple in a report on Tuesday, August 26th. Barclays increased their target price on Apple from $173.00 to $180.00 and gave the stock an "underweight" rating in a report on Friday, August 1st. Loop Capital reduced their target price on Apple from $230.00 to $226.00 and set a "hold" rating on the stock in a report on Thursday, August 21st. Bank of America increased their target price on Apple from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Apple in a report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Apple presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.03.

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.