Apple Inc. $AAPL Shares Bought by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC increased its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 192,103 shares of the iPhone maker's stock after acquiring an additional 2,492 shares during the period. Apple makes up 1.2% of Cassaday & Co Wealth Management LLC's investment portfolio, making the stock its 14th largest position. Cassaday & Co Wealth Management LLC's holdings in Apple were worth $42,672,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Advanced Portfolio Management LLC raised its holdings in Apple by 0.3% in the fourth quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker's stock valued at $3,260,000 after buying an additional 47 shares during the period. Salus Financial Advisors LLC raised its holdings in Apple by 3.9% in the first quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker's stock valued at $291,000 after buying an additional 49 shares during the period. Disciplined Investments LLC raised its holdings in Apple by 0.7% in the fourth quarter. Disciplined Investments LLC now owns 7,166 shares of the iPhone maker's stock valued at $1,794,000 after buying an additional 51 shares during the period. Sharpepoint LLC raised its holdings in Apple by 3.5% in the first quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker's stock valued at $322,000 after buying an additional 51 shares during the period. Finally, Mission Hills Financial Advisory LLC raised its holdings in Apple by 1.3% in the first quarter. Mission Hills Financial Advisory LLC now owns 4,016 shares of the iPhone maker's stock valued at $892,000 after buying an additional 53 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In other Apple news, SVP Deirdre O'brien sold 34,821 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $223.20, for a total transaction 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 represents a 20.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AAPL. BMO Capital Markets reiterated a "buy" rating on shares of Apple in a research note on Wednesday, August 13th. Bank of America lifted their price objective on shares of Apple from $250.00 to $260.00 and gave the company a "buy" rating in a research note on Wednesday. Jefferies Financial Group upgraded shares of Apple from an "underperform" rating to a "hold" rating in a research note on Friday, July 18th. Raymond James Financial reiterated an "outperform" rating and set a $240.00 price objective (up previously from $230.00) on shares of Apple in a research note on Friday, August 1st. Finally, Loop Capital dropped their price objective on shares of Apple from $230.00 to $226.00 and set a "hold" rating on the stock in a research note on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $239.05.

Apple Stock Performance

Shares of NASDAQ:AAPL traded down $0.67 on Thursday, reaching $237.81. 23,367,216 shares of the company's stock were exchanged, compared to its average volume of 56,619,613. The firm has a market capitalization of $3.53 trillion, a price-to-earnings ratio of 36.11, a PEG ratio of 2.42 and a beta of 1.11. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The business's 50-day moving average is $217.73 and its two-hundred day moving average is $212.92. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.14. The company had revenue of $94.04 billion for the quarter, compared to analysts' expectations 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 period in the prior year, the company earned $1.40 earnings per share. As a group, equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

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