MBM Wealth Consultants LLC Has $1.61 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

MBM Wealth Consultants LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,291 shares of the iPhone maker’s stock after buying an additional 187 shares during the period. Apple accounts for approximately 0.8% of MBM Wealth Consultants LLC’s holdings, making the stock its 18th biggest holding. MBM Wealth Consultants LLC’s holdings in Apple were worth $1,608,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ramsey Quantitative Systems acquired a new position in Apple during the 2nd quarter valued at about $55,000. Morgan Dempsey Capital Management LLC acquired a new position in Apple during the 3rd quarter valued at about $55,000. HBC Financial Services PLLC lifted its position in Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares during the period. Newfound Research LLC acquired a new position in Apple during the 3rd quarter valued at about $67,000. Finally, Emerson Wealth LLC lifted its position in Apple by 27.0% during the 2nd quarter. Emerson Wealth LLC now owns 518 shares of the iPhone maker’s stock valued at $71,000 after purchasing an additional 110 shares during the period. Institutional investors and hedge funds own 57.60% of the company’s stock.

Insider Buying and Selling at Apple

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

Apple Price Performance

NASDAQ:AAPL opened at $137.87 on Friday. Apple Inc. has a 1-year low of $124.17 and a 1-year high of $179.61. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95. The firm has a fifty day simple moving average of $138.72 and a 200 day simple moving average of $148.09. The stock has a market capitalization of $2.18 trillion, a PE ratio of 22.56, a P/E/G ratio of 1.74 and a beta of 1.24.

Apple (NASDAQ:AAPLGet Rating) last released its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $88.77 billion. During the same period last year, the business earned $1.24 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. On average, research analysts expect that Apple Inc. will post 6.19 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Friday, November 4th. Apple’s dividend payout ratio is 15.06%.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of research reports. UBS Group set a $180.00 target price on shares of Apple in a research report on Thursday, January 12th. Sanford C. Bernstein cut their price target on shares of Apple from $170.00 to $125.00 in a research report on Monday, January 9th. Morgan Stanley cut their price target on shares of Apple from $177.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 8th. Robert W. Baird cut their price target on shares of Apple from $185.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Finally, Bank Of America (Bofa) downgraded shares of Apple from a “buy” rating to a “neutral” rating and cut their price target for the company from $189.00 to $160.00 in a research report on Friday, September 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $166.73.

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

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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