U.S. Capital Wealth Advisors LLC Has $91.72 Million Holdings in Apple Inc. $AAPL

U.S. Capital Wealth Advisors LLC lifted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 412,924 shares of the iPhone maker's stock after purchasing an additional 12,002 shares during the quarter. Apple comprises approximately 2.8% of U.S. Capital Wealth Advisors LLC's portfolio, making the stock its 2nd largest holding. U.S. Capital Wealth Advisors LLC's holdings in Apple were worth $91,723,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacific Point Advisors LLC lifted its position in Apple by 0.9% during the first quarter. Pacific Point Advisors LLC now owns 14,990 shares of the iPhone maker's stock valued at $3,330,000 after purchasing an additional 128 shares during the last quarter. Security National Bank of SO Dak increased its stake in Apple by 3.7% in the first quarter. Security National Bank of SO Dak now owns 44,679 shares of the iPhone maker's stock valued at $9,925,000 after acquiring an additional 1,611 shares during the last quarter. Liberty Square Wealth Partners LLC increased its stake in Apple by 2.8% in the first quarter. Liberty Square Wealth Partners LLC now owns 75,991 shares of the iPhone maker's stock valued at $16,880,000 after acquiring an additional 2,043 shares during the last quarter. YANKCOM Partnership raised its position in Apple by 1.0% during the first quarter. YANKCOM Partnership now owns 23,594 shares of the iPhone maker's stock valued at $5,241,000 after purchasing an additional 235 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in Apple by 2.4% during the first quarter. TD Private Client Wealth LLC now owns 117,650 shares of the iPhone maker's stock worth $26,134,000 after purchasing an additional 2,738 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on AAPL shares. Needham & Company LLC reissued a "hold" rating on shares of Apple in a research note on Friday, July 25th. Bank of America reissued a "buy" rating and issued a $250.00 price target on shares of Apple in a research note on Monday. BMO Capital Markets restated a "buy" rating on shares of Apple in a report on Wednesday, August 13th. Rosenblatt Securities reiterated a "neutral" rating and set a $217.00 price objective on shares of Apple in a research note on Tuesday, July 29th. Finally, Loop Capital decreased their target price on shares of Apple from $230.00 to $226.00 and set a "hold" rating for the company in a report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $237.37.

Insider Buying and Selling at Apple

In other news, SVP Deirdre O'brien sold 34,821 shares of the business's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $223.20, for a total transaction 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. The trade was a 20.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.06% of the stock is owned by corporate insiders.

Apple Stock Performance

Shares of AAPL traded up $0.80 during trading hours on Wednesday, hitting $230.11. The stock had a trading volume of 19,336,211 shares, compared to its average volume of 56,990,016. The firm has a market capitalization of $3.41 trillion, a PE ratio of 34.93, a PEG ratio of 2.37 and a beta of 1.16. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $260.10. The stock has a fifty day moving average price of $213.77 and a 200 day moving average price of $212.93.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results 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 return on equity of 170.91% and a net margin of 24.30%.The business had revenue of $94.04 billion for the quarter, compared to analysts' expectations of $88.64 billion. During the same period last year, the firm posted $1.40 earnings per share. The business's revenue for the quarter was up 9.6% on a year-over-year basis. Analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were given a $0.26 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.04 annualized dividend and a yield of 0.5%. Apple's dividend payout ratio (DPR) is presently 15.78%.

Apple announced that its board has initiated a stock buyback program on Thursday, May 1st that permits the company to repurchase $100.00 billion in shares. This repurchase authorization permits the iPhone maker to purchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.

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.