Apple Inc. (NASDAQ:AAPL) Position Raised by Parisi Gray Wealth Management

Parisi Gray Wealth Management grew its stake in Apple Inc. (NASDAQ:AAPL) by 0.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,999 shares of the iPhone maker’s stock after purchasing an additional 100 shares during the period. Apple comprises approximately 3.1% of Parisi Gray Wealth Management’s investment portfolio, making the stock its 7th largest holding. Parisi Gray Wealth Management’s holdings in Apple were worth $7,329,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in AAPL. Pinz Capital Management LP purchased a new position in shares of Apple during the 1st quarter valued at approximately $72,000. EMC Capital Management purchased a new position in shares of Apple during the 4th quarter valued at approximately $80,000. Geo Capital Gestora de Recursos Ltd lifted its position in shares of Apple by 135.6% during the 1st quarter. Geo Capital Gestora de Recursos Ltd now owns 655 shares of the iPhone maker’s stock valued at $80,000 after buying an additional 377 shares in the last quarter. Hoese & Co LLP purchased a new position in shares of Apple during the 4th quarter valued at approximately $106,000. Finally, Itau Unibanco Holding S.A. lifted its position in shares of Apple by 9,693.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 7,778,120 shares of the iPhone maker’s stock valued at $123,000 after buying an additional 7,698,699 shares in the last quarter. Institutional investors and hedge funds own 56.20% of the company’s stock.

In related news, SVP Katherine L. Adams sold 17,000 shares of the firm’s stock in a transaction dated Monday, May 3rd. The stock was sold at an average price of $132.80, for a total transaction of $2,257,600.00. Following the completion of the transaction, the senior vice president now directly owns 333,044 shares in the company, valued at approximately $44,228,243.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Luca Maestri sold 121,072 shares of the firm’s stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of $132.81, for a total value of $16,079,572.32. Following the transaction, the chief financial officer now owns 143,961 shares of the company’s stock, valued at $19,119,460.41. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

A number of brokerages have recently issued reports on AAPL. Wedbush increased their target price on Apple from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, April 29th. Barclays decreased their target price on Apple from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 19th. Credit Suisse Group reissued a “neutral” rating and issued a $150.00 price objective on shares of Apple in a research note on Tuesday, June 8th. Canaccord Genuity increased their price objective on Apple from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $165.00 price objective on shares of Apple in a research note on Monday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-six have assigned a buy rating to the company. Apple presently has a consensus rating of “Buy” and a consensus target price of $149.63.

NASDAQ AAPL opened at $145.40 on Thursday. The stock has a market cap of $2.43 trillion, a PE ratio of 32.64, a PEG ratio of 2.22 and a beta of 1.21. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 1.57. Apple Inc. has a twelve month low of $89.14 and a twelve month high of $150.00. The business’s fifty day simple moving average is $133.11.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, April 27th. The iPhone maker reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.41. The business had revenue of $89.58 billion during the quarter, compared to analysts’ expectations of $76.84 billion. Apple had a return on equity of 111.80% and a net margin of 23.45%. The company’s revenue was up 53.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 EPS. Analysts expect that Apple Inc. will post 5.19 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 13th. Stockholders of record on Monday, May 10th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, May 7th. This is a boost from Apple’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.61%. Apple’s dividend payout ratio is currently 26.83%.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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