Apple Inc. $AAPL is Kiley Juergens Wealth Management LLC’s 3rd Largest Position

Kiley Juergens Wealth Management LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 157,897 shares of the iPhone maker’s stock after purchasing an additional 4,776 shares during the period. Apple comprises about 7.5% of Kiley Juergens Wealth Management LLC’s holdings, making the stock its 3rd biggest holding. Kiley Juergens Wealth Management LLC’s holdings in Apple were worth $32,396,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Marmo Financial Group LLC lifted its holdings in shares of Apple by 3.0% during the second quarter. Marmo Financial Group LLC now owns 1,977 shares of the iPhone maker’s stock valued at $406,000 after purchasing an additional 58 shares during the last quarter. Squire Investment Management Company LLC boosted its position in Apple by 4.8% during the 2nd quarter. Squire Investment Management Company LLC now owns 7,154 shares of the iPhone maker’s stock worth $1,468,000 after acquiring an additional 325 shares during the period. ORG Wealth Partners LLC boosted its position in Apple by 14.0% during the 2nd quarter. ORG Wealth Partners LLC now owns 28,091 shares of the iPhone maker’s stock worth $5,840,000 after acquiring an additional 3,454 shares during the period. GoalFusion Wealth Management LLC acquired a new stake in Apple during the 2nd quarter worth about $1,177,000. Finally, Signaturefd LLC boosted its position in Apple by 1.3% during the 2nd quarter. Signaturefd LLC now owns 559,032 shares of the iPhone maker’s stock worth $114,697,000 after acquiring an additional 7,314 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Down 3.5%

AAPL opened at $245.27 on Monday. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The business has a 50-day moving average of $237.61 and a 200-day moving average of $215.83. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The company has a market capitalization of $3.64 trillion, a PE ratio of 37.22, a price-to-earnings-growth ratio of 2.39 and a beta of 1.09.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.14. Apple had a return on equity of 170.91% and a net margin of 24.30%.The company had revenue of $94.04 billion during the quarter, compared to the consensus estimate of $88.64 billion. During the same period last year, the business earned $1.40 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. Equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple’s dividend payout ratio (DPR) is presently 15.78%.

Insider Activity at Apple

In related news, SVP Deirdre O’brien sold 43,013 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total value of $11,071,116.07. Following the transaction, the senior vice president directly owned 136,687 shares of the company’s stock, valued at approximately $35,181,866.93. This trade represents a 23.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Katherine L. Adams sold 47,125 shares of the firm’s stock in a transaction that occurred on 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 254,922 shares of company stock valued at $64,320,190. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AAPL. Raymond James Financial restated an “outperform” rating and set a $240.00 price objective (up from $230.00) on shares of Apple in a research report on Friday, August 1st. The Goldman Sachs Group restated a “buy” rating and set a $266.00 price objective on shares of Apple in a research report on Tuesday, August 26th. Evercore ISI set a $290.00 price objective on Apple and gave the stock an “outperform” rating in a research report on Friday, September 26th. Barclays raised their price objective on Apple from $173.00 to $180.00 and gave the stock an “underweight” rating in a research report on Friday, August 1st. Finally, Jefferies Financial Group lowered Apple from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $205.82 to $205.16 in a research report on Friday, October 3rd. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $248.29.

Apple Company 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.