CMH Wealth Management LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 7.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,102 shares of the iPhone maker’s stock after selling 10,018 shares during the quarter. Apple accounts for approximately 6.0% of CMH Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest position. CMH Wealth Management LLC’s holdings in Apple were worth $16,460,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Bluestem Financial Advisors LLC boosted its stake 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 valued at $35,000 after buying an additional 229,929 shares during the period. HBC Financial Services PLLC boosted its stake in shares of Apple by 21.7% in the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after buying an additional 80 shares during the period. Ramsey Quantitative Systems purchased a new position in shares of Apple in the 2nd quarter valued at about $55,000. Morgan Dempsey Capital Management LLC purchased a new position in shares of Apple in the 3rd quarter valued at about $55,000. Finally, Newfound Research LLC purchased a new position in shares of Apple in the 3rd quarter valued at about $67,000. 57.60% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on AAPL shares. National Bank Financial decreased their price objective on Apple to $54.00 and set an “outperform” rating for the company in a research note on Friday. Morgan Stanley decreased their target price on Apple from $177.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, November 8th. Deutsche Bank Aktiengesellschaft decreased their target price on Apple from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, October 28th. DA Davidson decreased their target price on Apple to $167.00 in a research note on Thursday, December 1st. Finally, Robert W. Baird decreased their target price on Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Two equities research 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 assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.73.
Apple Stock Up 1.9 %
Apple stock opened at $137.87 on Monday. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85. Apple Inc. has a 1-year low of $124.17 and a 1-year high of $179.61. The company has a market cap of $2.18 trillion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 1.78 and a beta of 1.24. The stock’s 50 day moving average price is $138.72 and its 200 day moving average price is $148.18.
Apple (NASDAQ:AAPL – Get Rating) last posted its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. The company had revenue of $90.15 billion for the quarter, compared to the consensus estimate of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. Apple’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 earnings per share. On average, sell-side analysts predict that Apple Inc. will post 6.19 EPS for the current fiscal year.
Apple Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Stockholders 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 dividend yield of 0.67%. Apple’s dividend payout ratio is currently 15.06%.
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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