Reyes Financial Architecture Inc. Acquires 1,482 Shares of Apple Inc. $AAPL

Key Points

• Reyes Financial Architecture Inc. increased its stake in Apple Inc. by 17.7% in the second quarter, now holding shares valued at $2.02 million, which accounts for 1.7% of its investment portfolio.
• Several institutional investors have also raised their stakes in Apple, including Sachsen with a 39.1% increase and Czech National Bank with a 5.8% increase, reflecting strong confidence in the company's performance.
• Analysts have mixed ratings for Apple's stock, with a consensus target price of $242.74 and a notable recommendation shift from various firms, indicating ongoing interest in the company's market position and future growth.

Reyes Financial Architecture Inc. grew its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 17.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,861 shares of the iPhone maker's stock after buying an additional 1,482 shares during the period. Apple makes up approximately 1.7% of Reyes Financial Architecture Inc.'s holdings, making the stock its 8th biggest position. Reyes Financial Architecture Inc.'s holdings in Apple were worth $2,023,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. High Probability Advisors LLC lifted its position in shares of Apple by 8.3% in the second quarter. High Probability Advisors LLC now owns 4,504 shares of the iPhone maker's stock worth $924,000 after buying an additional 346 shares during the last quarter. Czech National Bank increased its stake in shares of Apple by 5.8% in the second quarter. Czech National Bank now owns 3,650,810 shares of the iPhone maker's stock worth $749,037,000 after purchasing an additional 200,576 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Apple by 17.1% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 662,135 shares of the iPhone maker's stock worth $135,771,000 after purchasing an additional 96,800 shares during the period. Svenska Handelsbanken AB publ increased its stake in shares of Apple by 39.1% in the second quarter. Svenska Handelsbanken AB publ now owns 170,715 shares of the iPhone maker's stock worth $35,026,000 after purchasing an additional 48,001 shares during the period. Finally, Sandy Cove Advisors LLC increased its stake in shares of Apple by 1.8% in the second quarter. Sandy Cove Advisors LLC now owns 60,631 shares of the iPhone maker's stock worth $12,440,000 after purchasing an additional 1,056 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AAPL shares. Rosenblatt Securities lifted their price objective on Apple from $223.00 to $241.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. DA Davidson reiterated a "neutral" rating and issued a $250.00 price objective on shares of Apple in a research note on Thursday, September 11th. Bank of America lifted their price objective on Apple from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Citigroup reiterated a "buy" rating on shares of Apple in a research note on Wednesday, September 10th. Finally, Moffett Nathanson upgraded Apple from a "sell" rating to a "neutral" rating and set a $225.00 price target on the stock in a research note on Thursday, September 4th. Two 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $244.03.

Apple Price Performance

NASDAQ AAPL traded up $10.58 during trading on Monday, reaching $256.08. 105,286,841 shares of the company traded hands, compared to its average volume of 53,632,036. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The stock's 50 day moving average price is $224.35 and its two-hundred day moving average price is $212.10. The company has a market cap of $3.80 trillion, a price-to-earnings ratio of 38.86, a P/E/G ratio of 2.55 and a beta of 1.11. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10.

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 for the quarter, beating analysts' consensus estimates of $1.43 by $0.14. The company had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The company's quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 earnings per share. As a group, analysts anticipate 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. 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 yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple's payout ratio is presently 15.78%.

Insiders Place Their Bets

In other news, SVP Deirdre O'brien sold 34,821 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was 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. The trade was a 20.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.06% of the company's stock.

About Apple

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.