Landmark Wealth Management LLC Makes New Investment in Apple Inc. (NASDAQ:AAPL)

Landmark Wealth Management LLC purchased a new stake in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,915 shares of the iPhone maker’s stock, valued at approximately $1,232,000. Apple accounts for 0.9% of Landmark Wealth Management LLC’s holdings, making the stock its 29th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MKT Advisors LLC increased its holdings in Apple by 0.5% in the 2nd quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock worth $1,777,000 after buying an additional 60 shares in the last quarter. Your Advocates Ltd. LLP boosted its holdings in shares of Apple by 1.0% during the 2nd quarter. Your Advocates Ltd. LLP now owns 6,339 shares of the iPhone maker’s stock valued at $867,000 after acquiring an additional 65 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Apple by 6.7% in the second quarter. Harbor Capital Advisors Inc. now owns 1,046 shares of the iPhone maker’s stock worth $143,000 after acquiring an additional 66 shares during the period. Aufman Associates Inc raised its holdings in shares of Apple by 0.9% during the second quarter. Aufman Associates Inc now owns 7,674 shares of the iPhone maker’s stock valued at $1,049,000 after purchasing an additional 66 shares during the last quarter. Finally, Lake Point Wealth Management lifted its position in Apple by 1.7% during the second quarter. Lake Point Wealth Management now owns 4,025 shares of the iPhone maker’s stock valued at $550,000 after purchasing an additional 67 shares during the period. 57.60% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Apple news, insider Chris Kondo sold 20,200 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 31,505 shares in the company, valued at $4,685,423.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Chris Kondo sold 20,200 shares of the company’s stock in a transaction dated 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 approximately $4,685,423.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Apple from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, October 28th. BNP Paribas cut Apple from an “outperform” rating to a “neutral” rating and set a $140.00 price objective for the company. in a research report on Tuesday, January 3rd. Sanford C. Bernstein dropped their target price on Apple from $170.00 to $125.00 in a research report on Monday, January 9th. KeyCorp reaffirmed a “buy” rating and set a $175.00 price target on shares of Apple in a research report on Tuesday, November 8th. Finally, StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a report on Saturday, November 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average target price of $170.04.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $135.27 on Friday. The company has a market cap of $2.14 trillion, a P/E ratio of 22.14, a P/E/G ratio of 1.74 and a beta of 1.24. Apple Inc. has a 52-week low of $124.17 and a 52-week high of $179.61. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.85 and a current ratio of 0.88. The firm’s fifty day moving average is $138.95 and its two-hundred day moving average is $148.10.

Apple (NASDAQ:AAPL – Get Rating) last issued its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (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 firm had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. During the same period in the previous year, the firm posted $1.24 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. As a group, analysts anticipate that Apple Inc. will post 6.19 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Friday, November 4th. Apple’s dividend payout ratio (DPR) is presently 15.06%.

About Apple

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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.