Platte River Wealth Advisors LLC Has $9.22 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Platte River Wealth Advisors LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,441 shares of the iPhone maker’s stock after selling 1,017 shares during the period. Apple comprises about 4.0% of Platte River Wealth Advisors LLC’s holdings, making the stock its 6th largest holding. Platte River Wealth Advisors LLC’s holdings in Apple were worth $9,221,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AAPL. Elk River Wealth Management LLC lifted its stake in shares of Apple by 49.0% in the 1st quarter. Elk River Wealth Management LLC now owns 167,122 shares of the iPhone maker’s stock valued at $29,181,000 after acquiring an additional 54,989 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Apple by 8.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 74,619 shares of the iPhone maker’s stock valued at $13,029,000 after acquiring an additional 5,703 shares during the last quarter. Piscataqua Savings Bank lifted its stake in shares of Apple by 1.5% in the 1st quarter. Piscataqua Savings Bank now owns 47,546 shares of the iPhone maker’s stock valued at $8,302,000 after acquiring an additional 684 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Apple in the 1st quarter valued at about $171,000. Finally, Chico Wealth RIA bought a new stake in shares of Apple in the 1st quarter valued at about $7,794,000. Institutional investors own 57.72% of the company’s stock.

Insider Activity

In other news, CFO Luca Maestri sold 96,735 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at approximately $19,362,241.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Luca Maestri sold 96,735 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at approximately $19,362,241.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Katherine L. Adams sold 25,000 shares of the stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the transaction, the senior vice president now directly owns 427,334 shares in the company, valued at $70,411,823.18. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AAPL shares. Wells Fargo & Company reduced their price target on Apple from $205.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, July 20th. Credit Suisse Group set a $201.00 price target on Apple in a report on Thursday, September 8th. Barclays set a $169.00 price target on Apple in a report on Wednesday, September 14th. Wedbush boosted their price target on Apple from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, August 17th. Finally, Bank of America reduced their price target on Apple from $200.00 to $185.00 in a report on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average target price of $181.52.

Apple Stock Performance

AAPL stock opened at $154.48 on Tuesday. The stock has a market capitalization of $2.48 trillion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 1.95 and a beta of 1.23. Apple Inc. has a 12-month low of $129.04 and a 12-month high of $182.94. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.63. The stock’s 50 day simple moving average is $159.65 and its 200 day simple moving average is $155.94.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings data on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.06. The business had revenue of $82.96 billion for the quarter, compared to analysts’ expectations of $82.97 billion. Apple had a return on equity of 152.97% and a net margin of 25.71%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.30 EPS. As a group, research analysts forecast that Apple Inc. will post 6.11 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Monday, August 8th were given a $0.23 dividend. The ex-dividend date was Friday, August 5th. This represents a $0.92 annualized dividend and a yield of 0.60%. Apple’s dividend payout ratio (DPR) is presently 15.18%.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

See Also

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLGet Rating).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.