Childress Capital Advisors LLC Has $11.15 Million Holdings in Apple Inc. $AAPL

Childress Capital Advisors LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 8.3% during the 2nd quarter, Holdings Channel reports. The firm owned 54,332 shares of the iPhone maker’s stock after purchasing an additional 4,142 shares during the quarter. Apple comprises 2.8% of Childress Capital Advisors LLC’s portfolio, making the stock its 8th biggest holding. Childress Capital Advisors LLC’s holdings in Apple were worth $11,147,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Consolidated Portfolio Review Corp grew its stake in Apple by 0.9% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 204,052 shares of the iPhone maker’s stock valued at $41,865,000 after buying an additional 1,827 shares during the last quarter. Citrine Capital LLC grew its stake in Apple by 1.9% in the 2nd quarter. Citrine Capital LLC now owns 3,260 shares of the iPhone maker’s stock valued at $669,000 after buying an additional 62 shares during the last quarter. LBP AM SA grew its stake in Apple by 0.8% in the 2nd quarter. LBP AM SA now owns 936,031 shares of the iPhone maker’s stock valued at $192,045,000 after buying an additional 7,700 shares during the last quarter. Victrix Investment Advisors grew its stake in Apple by 2.9% in the 2nd quarter. Victrix Investment Advisors now owns 38,422 shares of the iPhone maker’s stock valued at $7,883,000 after buying an additional 1,097 shares during the last quarter. Finally, O ROURKE & COMPANY Inc grew its position in shares of Apple by 58.4% during the 2nd quarter. O ROURKE & COMPANY Inc now owns 80,628 shares of the iPhone maker’s stock worth $16,542,000 after purchasing an additional 29,715 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AAPL. JPMorgan Chase & Co. increased their target price on shares of Apple from $255.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Phillip Securities lowered shares of Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 target price on the stock. in a research report on Thursday, September 11th. Citigroup restated a “buy” rating on shares of Apple in a research report on Wednesday, September 10th. Barclays increased their target price on shares of Apple from $173.00 to $180.00 and gave the stock an “underweight” rating in a research report on Friday, August 1st. Finally, Loop Capital cut their price target on shares of Apple from $230.00 to $226.00 and set a “hold” rating for the company in a report on Thursday, August 21st. Four research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $248.29.

Insider Activity at Apple

In related news, SVP Deirdre O’brien sold 43,013 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $257.39, for a total value of $11,071,116.07. Following the completion of the transaction, the senior vice president owned 136,687 shares of the company’s stock, valued at $35,181,866.93. This represents a 23.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Katherine L. Adams sold 47,125 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $46,005,982.82. The trade was a 20.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 259,121 shares of company stock worth $65,358,981 in the last 90 days. 0.06% of the stock is currently owned by company insiders.

Apple Stock Performance

Shares of Apple stock opened at $252.29 on Monday. The company has a market cap of $3.74 trillion, a PE ratio of 38.28, a price-to-earnings-growth ratio of 2.46 and a beta of 1.09. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The company has a 50 day moving average of $241.13 and a 200-day moving average of $216.91. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, beating the consensus estimate of $1.43 by $0.14. The business had revenue of $94.04 billion during the quarter, compared to the consensus estimate of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.40 EPS. As a group, equities research analysts forecast that Apple Inc. will post 7.28 earnings per share 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. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple’s dividend payout ratio is presently 15.78%.

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.