Centurion Wealth Management LLC decreased its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 2.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,047 shares of the iPhone maker’s stock after selling 1,699 shares during the quarter. Apple makes up 4.2% of Centurion Wealth Management LLC’s holdings, making the stock its 2nd largest position. Centurion Wealth Management LLC’s holdings in Apple were worth $14,577,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the business. Burkett Financial Services LLC lifted its position in shares of Apple by 0.6% in the first quarter. Burkett Financial Services LLC now owns 14,401 shares of the iPhone maker’s stock valued at $3,199,000 after acquiring an additional 93 shares in the last quarter. Avid Wealth Partners LLC raised its position in Apple by 28.3% in the first quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock valued at $935,000 after purchasing an additional 930 shares during the period. Bell & Brown Wealth Advisors LLC grew its stake in shares of Apple by 0.4% in the first quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock valued at $13,772,000 after buying an additional 240 shares in the last quarter. OneAscent Wealth Management LLC grew its stake in shares of Apple by 4.6% in the fourth quarter. OneAscent Wealth Management LLC now owns 9,332 shares of the iPhone maker’s stock valued at $2,337,000 after buying an additional 409 shares in the last quarter. Finally, Andina Capital Management LLC grew its stake in shares of Apple by 209.2% in the first quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock valued at $1,507,000 after buying an additional 4,591 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.
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Analysts Set New Price Targets
Several research analysts recently commented on AAPL shares. BMO Capital Markets reissued a “buy” rating on shares of Apple in a research note on Wednesday, August 13th. UBS Group reissued a “neutral” rating on shares of Apple in a research note on Monday, September 8th. Sanford C. Bernstein started coverage on Apple in a research note on Monday. They set an “outperform” rating and a $290.00 target price for the company. HSBC set a $220.00 target price on Apple and gave the stock a “hold” rating in a research note on Monday, September 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $241.93.
Read Our Latest Report on Apple
Apple Stock Up 0.4%
AAPL opened at $238.99 on Thursday. The business has a 50 day moving average price of $223.15 and a two-hundred day moving average price of $212.36. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The company has a market cap of $3.55 trillion, a PE ratio of 36.27, a P/E/G ratio of 2.47 and a beta of 1.11. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10.
Apple (NASDAQ:AAPL – Get Free Report) last released 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 company had revenue of $94.04 billion for the quarter, compared to analysts’ expectations of $88.64 billion. During the same quarter in the previous year, the firm posted $1.40 EPS. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, research analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.
Apple Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were issued a $0.26 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s dividend payout ratio is currently 15.78%.
Insider Buying and Selling at Apple
In related news, SVP Deirdre O’brien sold 34,821 shares of the company’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 sale, the senior vice president owned 136,687 shares in the company, valued at $30,508,538.40. This represents a 20.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.06% of the stock is currently owned by corporate insiders.
Apple Company Profile
(Free Report)
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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