Kiley Juergens Wealth Management LLC Cuts Stake in Apple Inc. (NASDAQ:AAPL)

Kiley Juergens Wealth Management LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 177,909 shares of the iPhone maker’s stock after selling 817 shares during the quarter. Apple accounts for about 9.7% of Kiley Juergens Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position. Kiley Juergens Wealth Management LLC’s holdings in Apple were worth $23,116,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Apple by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after acquiring an additional 8,734,393 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Apple by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock valued at $14,097,970,000 after acquiring an additional 1,155,915 shares in the last quarter. Swiss National Bank boosted its position in Apple by 13.1% during the 1st quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock valued at $12,407,910,000 after acquiring an additional 8,230,300 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Apple by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 59,874,884 shares of the iPhone maker’s stock worth $7,779,544,000 after purchasing an additional 698,686 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Apple by 0.9% in the 1st quarter. Jennison Associates LLC now owns 48,826,270 shares of the iPhone maker’s stock worth $8,525,555,000 after purchasing an additional 424,839 shares in the last quarter. Institutional investors own 57.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on AAPL shares. The Goldman Sachs Group started coverage on Apple in a research report on Sunday, March 5th. They set a “buy” rating and a $199.00 price target for the company. DA Davidson lifted their price target on Apple from $173.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. Deutsche Bank Aktiengesellschaft lifted their price target on Apple from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. Canaccord Genuity Group lifted their price objective on Apple from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, May 5th. Finally, KeyCorp lifted their price target on Apple from $177.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, May 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $174.74.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 4,092 shares of the firm’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $173.26, for a total value of $708,979.92. Following the completion of the sale, the insider now owns 33,946 shares of the company’s stock, valued at $5,881,483.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Chris Kondo sold 4,092 shares of the firm’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $173.26, for a total value of $708,979.92. Following the completion of the transaction, the insider now owns 33,946 shares in the company, valued at $5,881,483.96. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Jeffrey E. Williams sold 77,817 shares of the firm’s stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $166.11, for a total value of $12,926,181.87. Following the completion of the transaction, the chief operating officer now owns 489,816 shares of the company’s stock, valued at approximately $81,363,335.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 439,529 shares of company stock valued at $71,703,657. 0.06% of the stock is owned by company insiders.

Apple Stock Performance

NASDAQ:AAPL opened at $171.56 on Wednesday. The firm has a market capitalization of $2.70 trillion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. The business’s fifty day moving average price is $165.70 and its 200 day moving average price is $151.11. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.94 and a quick ratio of 0.88. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $176.39.

Apple (NASDAQ:AAPL – Get Rating) last released its quarterly earnings data on Thursday, May 4th. The iPhone maker reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.08. Apple had a net margin of 24.49% and a return on equity of 165.72%. The company had revenue of $94.84 billion during the quarter, compared to the consensus estimate of $92.84 billion. During the same quarter in the prior year, the firm posted $1.52 earnings per share. Apple’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, sell-side analysts anticipate that Apple Inc. will post 5.99 earnings per share for the current fiscal year.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 18th. Investors of record on Monday, May 15th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, May 12th. This is an increase from Apple’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 0.56%. Apple’s dividend payout ratio (DPR) is currently 16.30%.

Apple announced that its board has approved a share repurchase program on Thursday, May 4th that authorizes the company to buyback $90.00 billion in shares. This buyback authorization authorizes the iPhone maker to buy up to 3.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Apple Company Profile

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Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.