waypoint wealth counsel Buys 1,635 Shares of Apple Inc. $AAPL

waypoint wealth counsel boosted its stake in Apple Inc. (NASDAQ:AAPL) by 5.2% in the second quarter, Holdings Channel reports. The fund owned 32,917 shares of the iPhone maker’s stock after buying an additional 1,635 shares during the quarter. Apple makes up about 3.3% of waypoint wealth counsel’s holdings, making the stock its 8th biggest holding. waypoint wealth counsel’s holdings in Apple were worth $6,754,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Apple by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,400,790,809 shares of the iPhone maker’s stock valued at $311,157,662,000 after purchasing an additional 5,005,297 shares in the last quarter. Kingstone Capital Partners Texas LLC boosted its position in Apple by 573,627.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock valued at $39,065,374,000 after buying an additional 205,656,808 shares during the last quarter. Northern Trust Corp boosted its position in Apple by 13.3% in the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after buying an additional 20,079,472 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Apple by 14.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker’s stock valued at $26,220,566,000 after acquiring an additional 13,137,968 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Apple by 1.0% during the first quarter. Goldman Sachs Group Inc. now owns 98,099,909 shares of the iPhone maker’s stock worth $21,790,933,000 after acquiring an additional 984,157 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Trading Down 0.5%

Apple stock opened at $268.47 on Friday. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $277.32. The firm’s 50-day moving average is $252.25 and its 200-day moving average is $224.54. 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 company has a market cap of $3.97 trillion, a P/E ratio of 40.74, a PEG ratio of 2.62 and a beta of 1.09.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.11. Apple had a net margin of 24.30% and a return on equity of 170.91%. The firm had revenue of $102.47 billion for the quarter, compared to analyst estimates of $101.65 billion. During the same quarter in the prior year, the business earned $1.64 earnings per share. Apple’s quarterly revenue was up 8.7% on a year-over-year basis. On average, equities analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Monday, November 10th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s dividend payout ratio (DPR) is 13.92%.

Insider Buying and Selling

In other news, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the completion of the transaction, the chief financial officer directly owned 8,765 shares in the company, valued at approximately $2,168,373.35. The trade was a 32.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 47,125 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total value of $12,101,228.75. Following the completion of the sale, the senior vice president owned 179,158 shares in the company, valued at approximately $46,005,982.82. This represents a 20.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 224,300 shares of company stock valued at $57,586,933. 0.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AAPL has been the subject of a number of analyst reports. BMO Capital Markets reissued a “buy” rating on shares of Apple in a report on Wednesday, August 13th. Melius Research set a $345.00 price target on shares of Apple in a research note on Friday, October 31st. Loop Capital upgraded shares of Apple from a “hold” rating to a “buy” rating and increased their price objective for the company from $226.00 to $315.00 in a research note on Monday, October 20th. Wells Fargo & Company set a $300.00 price objective on shares of Apple and gave the stock an “overweight” rating in a report on Friday, October 31st. Finally, Bank of America upped their target price on shares of Apple from $270.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average target price of $278.22.

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.