Presper Financial Architects LLC Purchases Shares of 12,545 Apple Inc. $AAPL

Key Points

• Presper Financial Architects LLC purchased 12,545 shares of Apple Inc. valued at approximately $2.57 million, making Apple about 1.9% of their portfolio.
• Apple's recent quarterly earnings showed a revenue of $94.04 billion, surpassing analyst expectations, with earnings per share (EPS) of $1.57.
• Insiders, including CFO Kevan Parekh and CEO Timothy D. Cook, have recently sold a significant number of shares, indicating potential shifts in their holdings.

Presper Financial Architects LLC purchased a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,545 shares of the iPhone maker's stock, valued at approximately $2,574,000. Apple comprises about 1.9% of Presper Financial Architects LLC's portfolio, making the stock its 9th largest position.

Several other institutional investors also recently modified their holdings of the business. Salus Financial Advisors LLC lifted its position in shares of Apple by 3.9% in the 1st quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker's stock worth $291,000 after purchasing an additional 49 shares during the period. Sharpepoint LLC lifted its position in shares of Apple by 3.5% in the 1st quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker's stock worth $322,000 after purchasing an additional 51 shares during the period. Redwood Financial Network Corp lifted its position in shares of Apple by 0.6% in the 4th quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker's stock worth $2,184,000 after purchasing an additional 53 shares during the period. Mission Hills Financial Advisory LLC lifted its position in shares of Apple by 1.3% in the 1st quarter. Mission Hills Financial Advisory LLC now owns 4,016 shares of the iPhone maker's stock worth $892,000 after purchasing an additional 53 shares during the period. Finally, Virginia Wealth Management Group Inc. lifted its position in shares of Apple by 0.3% in the 2nd quarter. Virginia Wealth Management Group Inc. now owns 20,946 shares of the iPhone maker's stock worth $4,298,000 after purchasing an additional 53 shares during the period. Institutional investors own 67.73% of the company's stock.

Insider Activity

In other news, CFO Kevan Parekh sold 4,199 shares of the company's stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $247.39, for a total value of $1,038,790.61. Following the completion of the sale, the chief financial officer owned 8,765 shares in the company, valued at $2,168,373.35. This represents a 32.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 129,963 shares of the company's stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the completion of the sale, the chief executive officer owned 3,280,295 shares of the company's stock, valued at approximately $842,412,558.95. The trade was a 3.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 259,121 shares of company stock worth $65,358,981. 0.06% of the stock is owned by insiders.

Apple Stock Performance

Shares of AAPL stock opened at $252.29 on Friday. The firm has a market capitalization of $3.74 trillion, a PE ratio of 38.28, a price-to-earnings-growth ratio of 2.41 and a beta of 1.09. The firm has a fifty day simple moving average of $241.13 and a two-hundred day simple moving average of $216.86. The company has a current ratio of 0.87, a quick ratio of 0.83 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.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.14. The business had revenue of $94.04 billion during the quarter, compared to analyst estimates of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. Apple's quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.40 EPS. Analysts forecast 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. Stockholders of record on Monday, August 11th were paid a $0.26 dividend. The ex-dividend date 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%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AAPL shares. Needham & Company LLC restated a "hold" rating on shares of Apple in a report on Friday, July 25th. Monness Crespi & Hardt increased their price target on Apple from $245.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Phillip Securities cut Apple from a "hold" rating to a "moderate sell" rating and set a $200.00 price target on the stock. in a report on Thursday, September 11th. Citigroup restated a "buy" rating on shares of Apple in a report on Wednesday, September 10th. Finally, UBS Group restated a "neutral" rating on shares of Apple in a report on Monday, September 8th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $248.29.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.