Apple Inc. (NASDAQ:AAPL) Stock Holdings Boosted by West Wealth Group LLC

West Wealth Group LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,382 shares of the iPhone maker’s stock after buying an additional 784 shares during the quarter. Apple comprises about 2.7% of West Wealth Group LLC’s holdings, making the stock its 10th largest position. West Wealth Group LLC’s holdings in Apple were worth $6,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cardinal Capital Management Inc. lifted its position in Apple by 5,525.0% in the first quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker’s stock valued at $39,000 after purchasing an additional 221 shares during the period. Shore Point Advisors LLC acquired a new stake in Apple in the fourth quarter valued at about $41,000. St. James Investment Advisors LLC acquired a new stake in Apple in the fourth quarter valued at about $57,000. Emerson Wealth LLC lifted its position in Apple by 363.6% in the first quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock valued at $71,000 after purchasing an additional 320 shares during the period. Finally, Econ Financial Services Corp lifted its position in Apple by 29.1% in the first quarter. Econ Financial Services Corp now owns 421 shares of the iPhone maker’s stock valued at $74,000 after purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 57.62% of the company’s stock.

Insider Buying and Selling

In related news, SVP Katherine L. Adams sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the completion of the sale, the senior vice president now directly owns 427,334 shares of the company’s stock, valued at approximately $70,411,823.18. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Katherine L. Adams sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the completion of the sale, the senior vice president now directly owns 427,334 shares of the company’s stock, valued at approximately $70,411,823.18. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Luca Maestri sold 96,735 shares of the business’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the completion of the transaction, the chief financial officer now owns 110,673 shares in the company, valued at approximately $19,362,241.35. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

Apple Stock Down 3.8 %

Shares of NASDAQ AAPL opened at $163.62 on Monday. Apple Inc. has a 52-week low of $129.04 and a 52-week high of $182.94. The firm has a fifty day moving average of $154.62 and a 200-day moving average of $157.03. The stock has a market capitalization of $2.63 trillion, a PE ratio of 27.00, a P/E/G ratio of 2.16 and a beta of 1.23. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 1.63.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.06. Apple had a net margin of 25.71% and a return on equity of 152.97%. The company had revenue of $82.96 billion during the quarter, compared to analysts’ expectations of $82.97 billion. During the same period in the previous year, the company earned $1.30 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts anticipate that Apple Inc. will post 6.1 EPS for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Monday, August 8th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.92 dividend on an annualized basis and a yield of 0.56%. Apple’s dividend payout ratio (DPR) is 15.18%.

Analyst Ratings Changes

AAPL has been the subject of a number of recent analyst reports. Rosenblatt Securities reduced their price objective on shares of Apple from $168.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, July 29th. Citigroup raised their price objective on shares of Apple from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Credit Suisse Group upgraded shares of Apple from a “neutral” rating to an “outperform” rating and set a $201.00 price target for the company in a research report on Tuesday, August 16th. Barclays reduced their price target on shares of Apple from $167.00 to $166.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 13th. Finally, The Goldman Sachs Group set a $139.00 price target on shares of Apple in a research report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.18.

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; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

Featured Stories

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLGet Rating).



Receive News & Ratings for Apple Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Apple and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *