Frazier Financial Advisors LLC Has $2.59 Million Stake in Apple Inc. $AAPL

Frazier Financial Advisors LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 6.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,615 shares of the iPhone maker’s stock after selling 857 shares during the period. Apple makes up 1.8% of Frazier Financial Advisors LLC’s portfolio, making the stock its 13th biggest position. Frazier Financial Advisors LLC’s holdings in Apple were worth $2,588,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of AAPL. Ryan Investment Management Inc. bought a new position in shares of Apple during the second quarter worth $31,000. ROSS JOHNSON & Associates LLC raised its stake in Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after buying an additional 180 shares during the period. Elite Financial Inc. acquired a new position in Apple in the first quarter valued at about $58,000. LSV Asset Management bought a new stake in shares of Apple in the fourth quarter worth about $65,000. Finally, HFM Investment Advisors LLC acquired a new stake in shares of Apple during the first quarter worth about $99,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AAPL. Phillip Securities lowered Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 price objective for the company. in a research report on Thursday, September 11th. Tigress Financial increased their price objective on shares of Apple from $300.00 to $305.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, September 17th. Robert W. Baird set a $300.00 price objective on shares of Apple in a report on Friday, October 31st. Weiss Ratings raised shares of Apple from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Cowen reaffirmed a “buy” rating on shares of Apple in a research note on Monday, October 27th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $278.22.

Apple Price Performance

NASDAQ:AAPL opened at $275.25 on Wednesday. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $277.32. The company has a market cap of $4.07 trillion, a P/E ratio of 41.77, a P/E/G ratio of 2.62 and a beta of 1.08. 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 simple moving average is $253.91 and its 200 day simple moving average is $225.75.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. The firm had revenue of $102.47 billion during the quarter, compared to the consensus estimate of $101.65 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The business’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company earned $1.64 earnings per share. As a group, sell-side analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Monday, November 10th will be 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 is Monday, November 10th. Apple’s payout ratio is presently 13.92%.

Insider Activity

In other news, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the transaction, the senior vice president directly owned 179,158 shares in the company, valued at $46,005,982.82. The trade was a 20.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy D. Cook sold 129,963 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the completion of the sale, the chief executive officer directly owned 3,280,295 shares in the company, valued at approximately $842,412,558.95. The trade was a 3.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 224,300 shares of company stock valued at $57,586,933. 0.06% of the stock is owned by insiders.

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.