Pure Financial Advisors Inc. Has $5.59 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Pure Financial Advisors Inc. reduced its stake in Apple Inc. (NASDAQ:AAPL) by 10.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,334 shares of the iPhone maker’s stock after selling 1,800 shares during the quarter. Apple comprises 0.9% of Pure Financial Advisors Inc.’s holdings, making the stock its 29th largest holding. Pure Financial Advisors Inc.’s holdings in Apple were worth $5,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Orser Capital Management LLC increased its holdings in Apple by 7.2% in the fourth quarter. Orser Capital Management LLC now owns 12,323 shares of the iPhone maker’s stock worth $3,592,000 after purchasing an additional 826 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Apple by 22.9% in the fourth quarter. Quadrant Capital Group LLC now owns 55,530 shares of the iPhone maker’s stock worth $16,262,000 after purchasing an additional 10,344 shares in the last quarter. Vickerman & Driscoll Financial Advisors Inc. increased its holdings in Apple by 14.4% in the fourth quarter. Vickerman & Driscoll Financial Advisors Inc. now owns 10,074 shares of the iPhone maker’s stock worth $2,958,000 after purchasing an additional 1,270 shares in the last quarter. Morningstar Investment Services LLC increased its holdings in Apple by 16.2% in the fourth quarter. Morningstar Investment Services LLC now owns 6,789 shares of the iPhone maker’s stock worth $1,989,000 after purchasing an additional 945 shares in the last quarter. Finally, Noven Financial Group Inc. increased its holdings in Apple by 9.3% in the fourth quarter. Noven Financial Group Inc. now owns 5,444 shares of the iPhone maker’s stock worth $1,599,000 after purchasing an additional 461 shares in the last quarter. 62.04% of the stock is currently owned by institutional investors.

In other news, insider Chris Kondo sold 4,491 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $305.62, for a total transaction of $1,372,539.42. Following the transaction, the insider now owns 7,370 shares of the company’s stock, valued at approximately $2,252,419.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Deirdre O’brien sold 9,137 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $285.12, for a total value of $2,605,141.44. The disclosure for this sale can be found here. 0.05% of the stock is owned by corporate insiders.

AAPL stock traded up $7.12 during midday trading on Wednesday, hitting $379.81. The company’s stock had a trading volume of 1,388,206 shares, compared to its average volume of 37,403,880. The stock’s 50-day moving average price is $339.92 and its 200 day moving average price is $302.89. 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 Inc. has a 1 year low of $192.58 and a 1 year high of $372.38. The stock has a market cap of $1,641.26 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 2.76 and a beta of 1.18.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.29. Apple had a return on equity of 64.49% and a net margin of 21.35%. The business had revenue of $58.31 billion for the quarter, compared to analysts’ expectations of $54.64 billion. During the same quarter in the previous year, the firm earned $2.46 earnings per share. The business’s revenue was up .5% on a year-over-year basis. As a group, equities analysts forecast that Apple Inc. will post 12.32 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on AAPL shares. Jefferies Financial Group lifted their target price on Apple from $370.00 to $405.00 and gave the stock a “buy” rating in a report on Friday, June 19th. Wells Fargo & Co lifted their target price on Apple from $315.00 to $385.00 and gave the stock an “overweight” rating in a report on Thursday, June 11th. Credit Suisse Group set a $295.00 price objective on Apple and gave the company a “neutral” rating in a report on Tuesday, June 23rd. DZ Bank restated a “buy” rating on shares of Apple in a report on Wednesday, June 3rd. Finally, Oppenheimer restated a “buy” rating and set a $320.00 price objective on shares of Apple in a report on Tuesday, June 23rd. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Apple has an average rating of “Buy” and an average target price of $329.38.

Apple Company Profile

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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