Wilson & Boucher Capital Management LLC Has $4.96 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Wilson & Boucher Capital Management LLC increased its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,914 shares of the iPhone maker’s stock after purchasing an additional 278 shares during the quarter. Apple makes up approximately 5.8% of Wilson & Boucher Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position. Wilson & Boucher Capital Management LLC’s holdings in Apple were worth $4,963,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of AAPL. MKT Advisors LLC lifted its holdings in shares of Apple by 0.5% in the second quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock valued at $1,777,000 after purchasing an additional 60 shares in the last quarter. Your Advocates Ltd. LLP lifted its stake in Apple by 1.0% in the 2nd quarter. Your Advocates Ltd. LLP now owns 6,339 shares of the iPhone maker’s stock worth $867,000 after acquiring an additional 65 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Apple by 6.7% during the 2nd 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 grew its stake in Apple by 0.9% during the 2nd quarter. Aufman Associates Inc now owns 7,674 shares of the iPhone maker’s stock valued at $1,049,000 after acquiring an additional 66 shares in the last quarter. Finally, Lake Point Wealth Management increased its holdings in shares of Apple by 1.7% in the 2nd 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 currently owned by hedge funds and other institutional investors.

Insider Activity

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

Apple Trading Up 0.0 %

Shares of Apple stock opened at $135.27 on Friday. Apple Inc. has a 1 year low of $124.17 and a 1 year high of $179.61. The company’s fifty day simple moving average is $138.95 and its 200-day simple moving average is $148.10. The company has a market cap of $2.14 trillion, a price-to-earnings ratio of 22.14, a PEG ratio of 1.74 and a beta of 1.24. 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 (NASDAQ:AAPLGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. Apple had a net margin of 25.31% and a return on equity of 160.90%. The business had revenue of $90.15 billion during the quarter, compared to analyst estimates of $88.77 billion. During the same quarter in the prior year, the business earned $1.24 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, sell-side analysts expect that Apple Inc. will post 6.19 EPS for the current year.

Apple Announces Dividend

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 0.68%. The ex-dividend date of this dividend was Friday, November 4th. Apple’s payout ratio is presently 15.06%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Citigroup reaffirmed a “buy” rating and set a $175.00 price objective on shares of Apple in a research report on Tuesday, November 8th. Bank of America cut their price objective on Apple from $160.00 to $154.00 and set a “neutral” rating for the company in a report on Monday, November 7th. Bank Of America (Bofa) downgraded Apple from a “buy” rating to a “neutral” rating and lowered their target price for the company from $189.00 to $160.00 in a research note on Friday, September 30th. BNP Paribas downgraded Apple from an “outperform” rating to a “neutral” rating and set a $140.00 price target for the company. in a research note on Tuesday, January 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $170.00 price target on shares of Apple in a report on Tuesday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.04.

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.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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