TSA Wealth Managment LLC Acquires 783 Shares of Apple Inc. $AAPL

TSA Wealth Managment LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 14.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,149 shares of the iPhone maker’s stock after buying an additional 783 shares during the quarter. TSA Wealth Managment LLC’s holdings in Apple were worth $1,262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Ryan Investment Management Inc. acquired a new position in shares of Apple during the second quarter valued at about $31,000. ROSS JOHNSON & Associates LLC increased its position in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after buying an additional 180 shares in the last quarter. Nexus Investment Management ULC raised its stake 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 buying an additional 200 shares during the period. LSV Asset Management acquired a new position in Apple during the 4th quarter worth approximately $65,000. Finally, Elite Financial Inc. bought a new position in Apple in the first quarter worth approximately $58,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Trading Up 0.2%

Shares of AAPL stock opened at $277.55 on Thursday. 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 capitalization of $4.10 trillion, a price-to-earnings ratio of 42.12, a PEG ratio of 2.62 and a beta of 1.09. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $280.38. The company has a 50-day simple moving average of $261.82 and a two-hundred day simple moving average of $230.80.

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

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 10th were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple’s payout ratio is currently 13.92%.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of research reports. Melius upped their target price on Apple from $290.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Morgan Stanley boosted their price target on shares of Apple from $298.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Monness Crespi & Hardt raised their price objective on shares of Apple from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, October 31st. DA Davidson lifted their price objective on shares of Apple from $250.00 to $270.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, CLSA raised shares of Apple to a “strong-buy” rating in a research report on Sunday, October 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $278.22.

Insider Transactions at Apple

In other news, SVP Katherine L. Adams sold 47,125 shares of the firm’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the completion of the sale, the senior vice president directly 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. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Chris Kondo sold 3,752 shares of Apple stock in a transaction on Friday, November 7th. The stock was sold at an average price of $271.23, for a total value of $1,017,654.96. Following the sale, the insider owned 15,098 shares in the company, valued at $4,095,030.54. The trade was a 19.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 228,052 shares of company stock worth $58,604,588. Company insiders own 0.06% of the company’s stock.

About Apple

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.