HBW Advisory Services LLC Has $9.84 Million Stake in Apple Inc. $AAPL

Key Points

• HBW Advisory Services LLC increased its stake in Apple Inc. by 27.6% during the 2nd quarter, now holding 47,935 shares valued at approximately $9.84 million.
• Apple reported a net margin of 24.30% and a quarterly revenue of $94.04 billion, exceeding analyst predictions.
• The company announced a $0.26 quarterly dividend paid to shareholders on August 14th, resulting in an annualized yield of 0.4%.

HBW Advisory Services LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 27.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,935 shares of the iPhone maker's stock after purchasing an additional 10,354 shares during the quarter. Apple makes up about 1.2% of HBW Advisory Services LLC's investment portfolio, making the stock its 14th biggest holding. HBW Advisory Services LLC's holdings in Apple were worth $9,835,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in AAPL. Vanguard Group Inc. lifted its stake in Apple by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,400,790,809 shares of the iPhone maker's stock valued at $311,157,662,000 after acquiring an additional 5,005,297 shares during the last quarter. Geode Capital Management LLC lifted its stake in 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 acquiring an additional 6,307,413 shares during the last quarter. Norges Bank acquired a new stake in Apple in the fourth quarter valued at $46,868,648,000. Northern Trust Corp lifted its stake in 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 acquiring 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 Apple by 14.3% in 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 acquiring an additional 13,137,968 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Buying and Selling

In other Apple news, SVP Deirdre O'brien sold 34,821 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president directly owned 136,687 shares of the company's stock, valued at $30,508,538.40. This trade represents a 20.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Apple Price Performance

AAPL stock opened at $238.15 on Wednesday. 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 Inc. has a 12 month low of $169.21 and a 12 month high of $260.10. The firm has a market cap of $3.53 trillion, a P/E ratio of 36.14, a P/E/G ratio of 2.46 and a beta of 1.11. The company's 50-day moving average price is $222.59 and its two-hundred day moving average price is $212.17.

Apple (NASDAQ:AAPL - Get Free Report) last released 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. Apple had a net margin of 24.30% and a return on equity of 170.91%. The firm had revenue of $94.04 billion for the quarter, compared to analyst estimates of $88.64 billion. During the same period last year, the firm earned $1.40 EPS. The business's quarterly 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 company 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. This represents a $1.04 annualized dividend and a 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%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AAPL shares. Phillip Securities lowered shares of Apple from a "hold" rating to a "moderate sell" rating and set a $200.00 price objective on the stock. in a research report on Thursday, September 11th. DA Davidson reissued a "neutral" rating and issued a $250.00 price objective on shares of Apple in a research report on Thursday, September 11th. The Goldman Sachs Group reissued a "buy" rating and issued a $266.00 price objective on shares of Apple in a research report on Tuesday, August 26th. HSBC set a $220.00 price objective on shares of Apple and gave the company a "hold" rating in a research report on Monday, September 8th. Finally, UBS Group reissued a "neutral" rating on shares of Apple in a research report on Monday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $241.77.

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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