Brandywine Oak Private Wealth LLC Increases Holdings in Apple Inc. (NASDAQ:AAPL)

Brandywine Oak Private Wealth LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 19.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 113,560 shares of the iPhone maker’s stock after acquiring an additional 18,357 shares during the quarter. Apple makes up 1.8% of Brandywine Oak Private Wealth LLC’s holdings, making the stock its 18th biggest holding. Brandywine Oak Private Wealth LLC’s holdings in Apple were worth $15,553,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lyell Wealth Management LP grew its holdings in Apple by 2.8% during the 2nd quarter. Lyell Wealth Management LP now owns 184,234 shares of the iPhone maker’s stock valued at $25,233,000 after purchasing an additional 4,939 shares during the last quarter. Regal Investment Advisors LLC bought a new position in Apple in the 2nd quarter worth about $18,649,000. Level Four Financial LLC grew its stake in Apple by 0.5% in the 2nd quarter. Level Four Financial LLC now owns 75,911 shares of the iPhone maker’s stock worth $10,397,000 after acquiring an additional 371 shares in the last quarter. Cim LLC grew its stake in Apple by 1.3% in the 2nd quarter. Cim LLC now owns 165,083 shares of the iPhone maker’s stock worth $24,125,000 after acquiring an additional 2,114 shares in the last quarter. Finally, Homrich & Berg grew its stake in Apple by 0.9% in the 2nd quarter. Homrich & Berg now owns 443,608 shares of the iPhone maker’s stock worth $60,757,000 after acquiring an additional 4,044 shares in the last quarter. Hedge funds and other institutional investors own 56.38% of the company’s stock.

In related news, SVP Deirdre O’brien sold 14,877 shares of the firm’s stock in a transaction on Friday, August 6th. The shares were sold at an average price of $145.99, for a total transaction of $2,171,893.23. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Katherine L. Adams sold 17,000 shares of the firm’s stock in a transaction on Monday, August 2nd. The shares were sold at an average price of $145.89, for a total transaction of $2,480,130.00. Following the sale, the senior vice president now owns 324,164 shares in the company, valued at approximately $47,292,285.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,418,317 shares of company stock valued at $359,229,278. 0.06% of the stock is currently owned by corporate insiders.

A number of equities analysts have commented on AAPL shares. Oppenheimer upped their target price on shares of Apple from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 28th. Wells Fargo & Company upgraded shares of Apple to an “overweight” rating and upped their target price for the stock from $160.00 to $165.00 in a research note on Wednesday, July 28th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Apple from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, July 28th. Credit Suisse Group set a $150.00 price objective on shares of Apple in a research note on Monday. Finally, Robert W. Baird upgraded shares of Apple to an “outperform” rating and increased their price objective for the company from $160.00 to $170.00 in a research note on Wednesday, September 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $160.88.

Shares of Apple stock opened at $148.12 on Wednesday. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.06 and a quick ratio of 1.01. The firm has a fifty day moving average price of $148.32 and a 200 day moving average price of $135.13. Apple Inc. has a 1 year low of $103.10 and a 1 year high of $157.26. The stock has a market cap of $2.45 trillion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 2.10 and a beta of 1.20.

Apple (NASDAQ:AAPL) last issued its earnings results on Monday, July 26th. The iPhone maker reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.29. Apple had a net margin of 25.00% and a return on equity of 131.01%. The firm had revenue of $81.40 billion during the quarter, compared to analysts’ expectations of $73.48 billion. During the same quarter last year, the company posted $0.64 earnings per share. The firm’s revenue was up 36.4% compared to the same quarter last year. As a group, equities analysts expect that Apple Inc. will post 5.59 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 12th. Investors of record on Monday, August 9th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, August 6th. This represents a $0.88 annualized dividend and a dividend yield of 0.59%. Apple’s dividend payout ratio (DPR) is presently 26.83%.

Apple Company Profile

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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