APCM Wealth Management for Individuals Raises Stake in Apple Inc. (NASDAQ:AAPL)

APCM Wealth Management for Individuals grew its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 29.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,739 shares of the iPhone maker’s stock after purchasing an additional 3,123 shares during the quarter. Apple makes up approximately 0.4% of APCM Wealth Management for Individuals’ investment portfolio, making the stock its 26th largest position. APCM Wealth Management for Individuals’ holdings in Apple were worth $1,899,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in AAPL. Wealthspire Advisors LLC raised its holdings in shares of Apple by 42.8% in the second quarter. Wealthspire Advisors LLC now owns 299,829 shares of the iPhone maker’s stock valued at $40,993,000 after acquiring an additional 89,865 shares in the last quarter. Emerald Advisors LLC raised its holdings in shares of Apple by 2.4% in the second quarter. Emerald Advisors LLC now owns 19,905 shares of the iPhone maker’s stock valued at $2,721,000 after acquiring an additional 465 shares in the last quarter. Eagle Bay Advisors LLC raised its holdings in shares of Apple by 35.7% in the second quarter. Eagle Bay Advisors LLC now owns 25,608 shares of the iPhone maker’s stock valued at $3,501,000 after acquiring an additional 6,735 shares in the last quarter. Callan Capital LLC raised its holdings in shares of Apple by 1.6% in the second quarter. Callan Capital LLC now owns 85,226 shares of the iPhone maker’s stock valued at $11,652,000 after acquiring an additional 1,322 shares in the last quarter. Finally, Sageworth Trust Co raised its holdings in shares of Apple by 150.3% in the second quarter. Sageworth Trust Co now owns 5,798 shares of the iPhone maker’s stock valued at $793,000 after acquiring an additional 3,482 shares in the last quarter. 57.60% of the stock is owned by hedge funds and other institutional investors.

Apple Trading Down 0.5 %

Apple stock opened at $135.21 on Thursday. 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 12 month low of $124.17 and a 12 month high of $179.61. The stock’s 50 day simple moving average is $139.18 and its two-hundred day simple moving average is $148.28. The firm has a market cap of $2.14 trillion, a PE ratio of 22.13, a P/E/G ratio of 1.74 and a beta of 1.24.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, topping the consensus estimate of $1.26 by $0.03. Apple had a return on equity of 160.90% and a net margin of 25.31%. The business had revenue of $90.15 billion for the quarter, compared to analyst estimates of $88.77 billion. During the same quarter in the prior year, the firm posted $1.24 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts anticipate that Apple Inc. will post 6.19 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were given a $0.23 dividend. The ex-dividend date was Friday, November 4th. This represents a $0.92 annualized dividend and a yield of 0.68%. Apple’s dividend payout ratio is presently 15.06%.

Analysts Set New Price Targets

Several analysts recently weighed in on AAPL shares. Canaccord Genuity Group decreased their price objective on Apple from $200.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday. Sanford C. Bernstein reduced their target price on shares of Apple from $170.00 to $125.00 in a report on Monday, January 9th. BNP Paribas downgraded shares of Apple from an “outperform” rating to a “neutral” rating and set a $140.00 target price for the company. in a report on Tuesday, January 3rd. DA Davidson reduced their target price on shares of Apple to $167.00 in a report on Thursday, December 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Apple from $175.00 to $170.00 and set a “buy” rating for the company in a report on Friday, October 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $170.34.

Insiders Place Their Bets

In other Apple news, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $155.95, for a total value of $27,493,829.05. Following the sale, the chief financial officer now owns 110,673 shares in the company, valued at approximately $17,259,454.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the completion of the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Chris Kondo sold 20,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total value of $3,004,144.00. Following the transaction, the insider now directly owns 31,505 shares of the company’s stock, valued at $4,685,423.60. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Apple Profile

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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; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

Further Reading

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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