Apple Inc. (NASDAQ:AAPL) is TruWealth Advisors LLC’s 8th Largest Position

TruWealth Advisors LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 4.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 162,579 shares of the iPhone maker’s stock after acquiring an additional 7,061 shares during the quarter. Apple makes up about 3.0% of TruWealth Advisors LLC’s investment portfolio, making the stock its 8th biggest position. TruWealth Advisors LLC’s holdings in Apple were worth $28,388,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AAPL. Daniels&Tansey LLP boosted its position in Apple by 1.6% during the 4th quarter. Daniels&Tansey LLP now owns 3,858 shares of the iPhone maker’s stock worth $685,000 after acquiring an additional 60 shares during the period. Donald L. Hagan LLC raised its stake in shares of Apple by 0.3% during the 1st quarter. Donald L. Hagan LLC now owns 18,220 shares of the iPhone maker’s stock worth $3,181,000 after purchasing an additional 61 shares in the last quarter. Goodwin Daniel L raised its stake in shares of Apple by 0.5% during the 1st quarter. Goodwin Daniel L now owns 12,761 shares of the iPhone maker’s stock worth $2,230,000 after purchasing an additional 62 shares in the last quarter. Opus Capital Group LLC raised its stake in shares of Apple by 0.3% during the 1st quarter. Opus Capital Group LLC now owns 19,081 shares of the iPhone maker’s stock worth $3,332,000 after purchasing an additional 63 shares in the last quarter. Finally, Norwood Financial Corp raised its stake in shares of Apple by 0.9% during the 1st quarter. Norwood Financial Corp now owns 7,025 shares of the iPhone maker’s stock worth $1,227,000 after purchasing an additional 65 shares in the last quarter. 57.98% of the stock is owned by institutional investors and hedge funds.

Apple Trading Down 0.9 %

NASDAQ AAPL opened at $160.01 on Wednesday. The stock has a 50-day simple moving average of $145.07 and a 200 day simple moving average of $157.14. The company has a market capitalization of $2.59 trillion, a PE ratio of 26.40, a P/E/G ratio of 2.11 and a beta of 1.23. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.63. Apple Inc. has a 12 month low of $129.04 and a 12 month high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last posted its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.06. Apple had a return on equity of 152.97% and a net margin of 25.71%. The firm had revenue of $82.96 billion during the quarter, compared to analysts’ expectations of $82.97 billion. During the same period in the previous year, the firm earned $1.30 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. Research analysts forecast that Apple Inc. will post 6.08 EPS for the current year.

Apple declared that its board has initiated a share repurchase plan on Thursday, April 28th that allows the company to repurchase $90.00 billion in shares. This repurchase authorization allows the iPhone maker to purchase up to 3.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 11th. Shareholders of record on Monday, August 8th will be paid a $0.23 dividend. The ex-dividend date is Friday, August 5th. This represents a $0.92 dividend on an annualized basis and a yield of 0.57%. Apple’s payout ratio is 15.18%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AAPL shares. Piper Sandler cut their price target on Apple from $200.00 to $195.00 in a research note on Friday, April 29th. Citigroup raised their price objective on Apple from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, July 29th. The Goldman Sachs Group set a $139.00 price objective on Apple in a research note on Friday, July 29th. JPMorgan Chase & Co. set a $200.00 price objective on Apple in a research note on Monday, July 25th. Finally, Barclays raised their price objective on Apple from $166.00 to $169.00 and gave the company a “maintains” rating in a research note on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $179.16.

About Apple

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

Featured Articles

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLGet Rating).



Receive News & Ratings for Apple Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Apple and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published.