Apple Inc. (NASDAQ:AAPL) is Mayfair Advisory Group LLC’s 4th Largest Position

Mayfair Advisory Group LLC grew its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,814 shares of the iPhone maker’s stock after purchasing an additional 185 shares during the quarter. Apple makes up about 8.0% of Mayfair Advisory Group LLC’s portfolio, making the stock its 4th biggest holding. Mayfair Advisory Group LLC’s holdings in Apple were worth $2,486,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AAPL. Advisor Group Holdings Inc. purchased a new position in shares of Apple during the 1st quarter valued at approximately $536,884,000. Norges Bank purchased a new position in shares of Apple during the 4th quarter valued at approximately $13,759,345,000. Wealth Quarterback LLC acquired a new stake in Apple in the 4th quarter valued at $3,783,310,000. Wellington Management Group LLP grew its stake in Apple by 18.2% in the 1st quarter. Wellington Management Group LLP now owns 26,941,525 shares of the iPhone maker’s stock valued at $6,850,960,000 after acquiring an additional 4,148,565 shares during the period. Finally, Swiss National Bank grew its stake in Apple by 21.0% in the 1st quarter. Swiss National Bank now owns 17,300,399 shares of the iPhone maker’s stock valued at $4,399,318,000 after acquiring an additional 3,000,800 shares during the period. 61.96% of the stock is owned by hedge funds and other institutional investors.

Shares of AAPL stock opened at $381.91 on Tuesday. Apple Inc. has a fifty-two week low of $192.58 and a fifty-two week high of $399.82. The stock has a market cap of $1,663.00 billion, a P/E ratio of 29.95, a P/E/G ratio of 2.83 and a beta of 1.18. The business has a fifty day simple moving average of $347.64 and a 200-day simple moving average of $305.92. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 1.14.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.29. The business had revenue of $58.31 billion during the quarter, compared to analysts’ expectations of $54.64 billion. Apple had a return on equity of 64.49% and a net margin of 21.35%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the business posted $2.46 earnings per share. On average, sell-side analysts anticipate that Apple Inc. will post 12.33 earnings per share for the current year.

In related news, SVP Deirdre O’brien sold 9,137 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $285.12, for a total transaction of $2,605,141.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Chris Kondo sold 4,491 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $305.62, for a total value of $1,372,539.42. Following the completion of the sale, the insider now directly owns 7,370 shares in the company, valued at $2,252,419.40. The disclosure for this sale can be found here. 0.05% of the stock is owned by company insiders.

A number of research firms recently issued reports on AAPL. Deutsche Bank lifted their price target on shares of Apple from $380.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Canaccord Genuity lifted their target price on shares of Apple from $300.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. HSBC raised shares of Apple from a “reduce” rating to a “hold” rating and lowered their target price for the stock from $385.00 to $295.00 in a research note on Wednesday, June 10th. Piper Sandler lifted their target price on shares of Apple from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Credit Suisse Group set a $295.00 price target on shares of Apple and gave the company a “neutral” rating in a research report on Tuesday, June 23rd. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. Apple has an average rating of “Buy” and an average target price of $331.86.

About Apple

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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