Oakwell Private Wealth Management LLC Has $1.22 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Oakwell Private Wealth Management LLC lifted its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,928 shares of the iPhone maker’s stock after acquiring an additional 325 shares during the quarter. Apple makes up 0.7% of Oakwell Private Wealth Management LLC’s portfolio, making the stock its 20th biggest holding. Oakwell Private Wealth Management LLC’s holdings in Apple were worth $1,221,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Spence Asset Management bought a new stake in Apple in the second quarter worth $49,000. HBC Financial Services PLLC boosted its holdings in Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares in the last quarter. Emerson Wealth LLC boosted its holdings in Apple by 27.0% in the second quarter. Emerson Wealth LLC now owns 518 shares of the iPhone maker’s stock worth $71,000 after purchasing an additional 110 shares in the last quarter. Darrow Company Inc. bought a new stake in Apple in the second quarter worth $107,000. Finally, Harbor Capital Advisors Inc. bought a new stake in Apple in the first quarter worth $171,000. 57.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Apple

In other news, SVP Deirdre O’brien sold 176,299 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $142.16, for a total transaction of $25,062,665.84. Following the sale, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at $19,374,986.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Deirdre O’brien sold 176,299 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $142.16, for a total transaction of $25,062,665.84. Following the sale, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at $19,374,986.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Kondo sold 20,200 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the sale, the insider now directly owns 31,505 shares in the company, valued at $4,685,423.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 380,851 shares of company stock valued at $56,707,789. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

NASDAQ AAPL opened at $151.07 on Thursday. The firm has a market cap of $2.40 trillion, a price-to-earnings ratio of 24.73, a PEG ratio of 1.89 and a beta of 1.25. The company has a 50 day moving average of $146.70 and a 200-day moving average of $149.66. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95. Apple Inc. has a 1-year low of $129.04 and a 1-year high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.02. The company had revenue of $90.15 billion during the quarter, compared to analyst estimates of $88.77 billion. Apple had a net margin of 25.31% and a return on equity of 160.90%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $1.24 earnings per share. On average, equities analysts forecast that Apple Inc. will post 6.26 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Friday, November 4th. Apple’s payout ratio is 15.06%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $139.00 price objective on shares of Apple in a report on Thursday, September 8th. Evercore ISI upped their price target on shares of Apple from $185.00 to $190.00 and gave the company an “outperform” rating in a report on Tuesday, September 20th. KeyCorp restated a “buy” rating and set a $175.00 price target on shares of Apple in a report on Tuesday, November 8th. Needham & Company LLC restated a “buy” rating and set a $170.00 price target on shares of Apple in a report on Tuesday, November 8th. Finally, UBS Group set a $180.00 price target on shares of Apple in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $176.26.

About Apple

(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.

Further Reading

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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