Financial Perspectives Inc Has $13.35 Million Stock Holdings in Apple Inc. $AAPL

Financial Perspectives Inc lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,042 shares of the iPhone maker’s stock after purchasing an additional 1,335 shares during the period. Apple accounts for 4.0% of Financial Perspectives Inc’s holdings, making the stock its 6th biggest holding. Financial Perspectives Inc’s holdings in Apple were worth $13,345,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AAPL. Ryan Investment Management Inc. acquired a new position in shares of Apple in the second quarter worth approximately $31,000. ROSS JOHNSON & Associates LLC increased its position in Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after purchasing an additional 180 shares during the period. Nexus Investment Management ULC raised its holdings in Apple by 333.3% during the 2nd quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock worth $53,000 after purchasing an additional 200 shares during the last quarter. Elite Financial Inc. acquired a new position in shares of Apple in the 1st quarter worth approximately $58,000. Finally, LSV Asset Management bought a new stake in shares of Apple in the 4th quarter valued at $65,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Kevan Parekh sold 4,199 shares of the company’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $247.39, for a total value of $1,038,790.61. Following the sale, the chief financial officer owned 8,765 shares in the company, valued at $2,168,373.35. This represents a 32.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Katherine L. Adams sold 47,125 shares of Apple stock in a transaction dated 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 transaction, the senior vice president owned 179,158 shares of the company’s stock, valued at $46,005,982.82. This trade represents a 20.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 228,052 shares of company stock valued at $58,604,588. 0.06% of the stock is currently owned by insiders.

Apple Stock Up 0.4%

AAPL stock opened at $268.56 on Thursday. The stock’s 50 day simple moving average is $258.01 and its 200 day simple moving average is $228.15. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $277.32. 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 40.75, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09.

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

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 10th were paid 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 was Monday, November 10th. Apple’s payout ratio is 13.92%.

Analyst Ratings Changes

AAPL has been the subject of a number of analyst reports. Tigress Financial lifted their target price on shares of Apple from $300.00 to $305.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, September 17th. Morgan Stanley increased their price target on Apple from $298.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Wedbush reissued an “outperform” rating on shares of Apple in a research note on Tuesday, October 21st. CLSA raised Apple to a “strong-buy” rating in a research note on Sunday, October 5th. Finally, Seaport Res Ptn upgraded Apple to a “strong-buy” rating in a report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.