BKA Wealth Consulting Inc. Has $1.86 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

BKA Wealth Consulting Inc. decreased its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,449 shares of the iPhone maker’s stock after selling 95 shares during the period. Apple comprises about 3.8% of BKA Wealth Consulting Inc.’s investment portfolio, making the stock its 10th biggest holding. BKA Wealth Consulting Inc.’s holdings in Apple were worth $1,859,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Bluestem Financial Advisors LLC lifted its holdings in shares of Apple by 5,935.2% in the 2nd quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock worth $35,000 after purchasing an additional 229,929 shares during the last quarter. HBC Financial Services PLLC increased its position 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 buying an additional 80 shares during the period. Ramsey Quantitative Systems bought a new stake in Apple in the second quarter valued at $55,000. Morgan Dempsey Capital Management LLC acquired a new position in shares of Apple during the third quarter valued at $55,000. Finally, Newfound Research LLC bought a new position in shares of Apple during the third quarter worth about $67,000. 57.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. National Bank Financial reduced their target price on shares of Apple to $54.00 and set an “outperform” rating for the company in a research note on Friday. Barclays decreased their price objective on Apple from $144.00 to $133.00 and set an “equal weight” rating for the company in a report on Wednesday, January 11th. Deutsche Bank Aktiengesellschaft cut their target price on Apple from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Robert W. Baird lowered their price target on Apple from $185.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Finally, Credit Suisse Group restated a “buy” rating and set a $184.00 price objective on shares of Apple in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Apple has an average rating of “Moderate Buy” and an average price target of $166.73.

Insider Buying and Selling

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

Apple Stock Up 1.9 %

Shares of AAPL stock opened at $137.87 on Friday. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $179.61. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95. The firm has a market cap of $2.18 trillion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. The stock has a 50 day moving average of $138.72 and a 200-day moving average of $148.14.

Apple (NASDAQ:AAPLGet Rating) last posted its quarterly 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. The company had revenue of $90.15 billion for 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 business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the business posted $1.24 EPS. On average, equities analysts predict that Apple Inc. will post 6.19 EPS for the current year.

Apple Dividend Announcement

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

Apple Company Profile

(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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