Apple Inc. $AAPL Shares Acquired by FSA Advisors Inc.

Key Points

• FSA Advisors Inc. increased its holdings in Apple Inc. by 19.2%, acquiring a total of 9,169 shares, which are now valued at approximately $2,037,000.
• Apple's recent quarterly earnings surpassed expectations, with a reported earnings per share of $1.57, exceeding estimates by $0.14, and revenue of $94.04 billion.
• Apple declared a quarterly dividend of $0.26, translating to an annualized payout of $1.04 and a dividend yield of 0.4%.

FSA Advisors Inc. lifted its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 19.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,169 shares of the iPhone maker's stock after acquiring an additional 1,479 shares during the quarter. Apple accounts for approximately 1.6% of FSA Advisors Inc.'s portfolio, making the stock its 5th largest holding. FSA Advisors Inc.'s holdings in Apple were worth $2,037,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Apple by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker's stock valued at $349,532,608,000 after purchasing an additional 49,168,843 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Apple by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 340,164,913 shares of the iPhone maker's stock valued at $84,999,145,000 after purchasing an additional 6,307,413 shares during the last quarter. Norges Bank acquired a new stake in shares of Apple in the fourth quarter valued at approximately $46,868,648,000. Northern Trust Corp grew its position in shares of Apple by 13.3% in the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock valued at $42,918,365,000 after purchasing an additional 20,079,472 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Apple by 14.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker's stock valued at $26,220,566,000 after buying an additional 13,137,968 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other 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 value of $7,772,047.20. Following the completion of the sale, the senior vice president owned 136,687 shares of the company's stock, valued at $30,508,538.40. This represents a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Raymond James Financial reissued 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. JPMorgan Chase & Co. upped their price objective on shares of Apple from $250.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Evercore ISI reissued an "outperform" rating and set a $250.00 price objective on shares of Apple in a research note on Wednesday, August 13th. UBS Group upped their price objective on shares of Apple from $210.00 to $220.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $266.00 price objective on shares of Apple in a research note on Tuesday, August 26th. Two 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $239.05.

Apple Trading Down 0.0%

Shares of Apple stock traded down $0.09 during trading hours on Friday, hitting $239.69. The company's stock had a trading volume of 54,829,143 shares, compared to its average volume of 47,688,568. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10. The business has a fifty day moving average of $219.28 and a 200 day moving average of $212.64. The company has a market capitalization of $3.56 trillion, a PE ratio of 36.37, a P/E/G ratio of 2.50 and a beta of 1.11. 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 released its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.14. Apple had a net margin of 24.30% and a return on equity of 170.91%. The company had revenue of $94.04 billion during the quarter, compared to analyst estimates of $88.64 billion. During the same quarter in the prior year, the business earned $1.40 earnings per share. The business's quarterly revenue was up 9.6% compared to the same quarter last year. As a group, equities analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

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

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.