Mirador Capital Partners LP Has $23.11 Million Holdings in Apple Inc. $AAPL

Key Points

• Mirador Capital Partners LP increased its holdings in Apple Inc. by 2.4% in Q2, owning 112,648 shares now valued at approximately $23.11 million, accounting for 3.8% of its total holdings.
• Apple recently reported earnings of $1.57 per share, exceeding analysts' expectations, with revenue of $94.04 billion, reflecting a 9.6% increase year-over-year.
• The company declared a quarterly dividend of $0.26 per share, representing an annualized dividend yield of 0.4% and a payout ratio of 15.78%.

Mirador Capital Partners LP lifted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,648 shares of the iPhone maker's stock after acquiring an additional 2,605 shares during the quarter. Apple makes up 3.8% of Mirador Capital Partners LP's holdings, making the stock its 4th biggest holding. Mirador Capital Partners LP's holdings in Apple were worth $23,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Burkett Financial Services LLC raised its position in shares of Apple by 0.6% during the first quarter. Burkett Financial Services LLC now owns 14,401 shares of the iPhone maker's stock worth $3,199,000 after acquiring an additional 93 shares during the last quarter. Avid Wealth Partners LLC grew its stake in Apple by 28.3% during the first quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker's stock worth $935,000 after purchasing an additional 930 shares during the period. Bell & Brown Wealth Advisors LLC grew its stake in Apple by 0.4% during the first quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker's stock worth $13,772,000 after purchasing an additional 240 shares during the period. OneAscent Wealth Management LLC grew its stake in Apple by 4.6% during the fourth quarter. OneAscent Wealth Management LLC now owns 9,332 shares of the iPhone maker's stock worth $2,337,000 after purchasing an additional 409 shares during the period. Finally, Andina Capital Management LLC grew its stake in Apple by 209.2% during the first quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker's stock worth $1,507,000 after purchasing an additional 4,591 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Apple Stock Performance

NASDAQ:AAPL opened at $254.43 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10. The firm has a market cap of $3.78 trillion, a price-to-earnings ratio of 38.61, a PEG ratio of 2.66 and a beta of 1.11. The business's fifty day moving average is $226.20 and its 200 day moving average is $212.51.

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, beating analysts' consensus estimates of $1.43 by $0.14. Apple had a return on equity of 170.91% and a net margin of 24.30%.The company had revenue of $94.04 billion for the quarter, compared to analyst estimates of $88.64 billion. During the same period in the previous year, the company posted $1.40 EPS. The firm's revenue for the quarter was up 9.6% compared to the same quarter last year. Research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were paid 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 was Monday, August 11th. Apple's payout ratio is presently 15.78%.

Insider Activity

In related news, SVP Deirdre O'brien sold 34,821 shares of the business's stock in a transaction on Friday, August 8th. The stock was 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 in the company, valued at approximately $30,508,538.40. The trade was a 20.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AAPL shares. Citigroup reissued a "buy" rating on shares of Apple in a research note on Wednesday, September 10th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $266.00 target price on shares of Apple in a research report on Tuesday, August 26th. HSBC set a $220.00 target price on Apple and gave the company a "hold" rating in a research report on Monday, September 8th. Melius Research set a $290.00 target price on Apple and gave the company a "buy" rating in a research report on Wednesday, September 10th. Finally, Moffett Nathanson raised Apple from a "sell" rating to a "neutral" rating and set a $225.00 price objective on the stock in a research report on Thursday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $244.03.

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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