Apple Inc. (NASDAQ:AAPL) is LWM Advisory Services LLC’s 7th Largest Position

LWM Advisory Services LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 7.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 26,596 shares of the iPhone maker’s stock after selling 2,264 shares during the period. Apple makes up approximately 4.7% of LWM Advisory Services LLC’s investment portfolio, making the stock its 7th largest holding. LWM Advisory Services LLC’s holdings in Apple were worth $5,602,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. SYM FINANCIAL Corp increased its position in shares of Apple by 29.0% in the 2nd quarter. SYM FINANCIAL Corp now owns 26,931 shares of the iPhone maker’s stock valued at $5,672,000 after acquiring an additional 6,060 shares during the period. Hardin Capital Partners LLC purchased a new stake in Apple during the 2nd quarter valued at about $1,083,000. Zions Bancorporation N.A. increased its holdings in shares of Apple by 7.0% in the second quarter. Zions Bancorporation N.A. now owns 102,706 shares of the iPhone maker’s stock valued at $21,632,000 after purchasing an additional 6,689 shares during the period. RS Crum Inc. raised its stake in shares of Apple by 57.0% in the second quarter. RS Crum Inc. now owns 22,974 shares of the iPhone maker’s stock worth $4,839,000 after purchasing an additional 8,343 shares during the last quarter. Finally, Scarborough Advisors LLC lifted its holdings in shares of Apple by 2.9% during the second quarter. Scarborough Advisors LLC now owns 15,969 shares of the iPhone maker’s stock worth $3,363,000 after purchasing an additional 450 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Price Performance

Apple stock opened at $225.91 on Friday. The company has a fifty day simple moving average of $227.26 and a 200-day simple moving average of $211.69. The firm has a market capitalization of $3.43 trillion, a price-to-earnings ratio of 34.39, a PEG ratio of 2.40 and a beta of 1.24. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.49.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. The firm had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. Apple’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 earnings per share. On average, equities analysts anticipate that Apple Inc. will post 6.65 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s payout ratio is currently 15.22%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Citigroup increased their price target on shares of Apple to $185.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Maxim Group reiterated a “hold” rating and issued a $203.00 price objective on shares of Apple in a research note on Tuesday, September 10th. Loop Capital raised their target price on shares of Apple to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Wedbush reaffirmed an “outperform” rating and issued a $285.00 price target on shares of Apple in a report on Monday, September 9th. Finally, New Street Research reissued a “neutral” rating and issued a $225.00 price objective on shares of Apple in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $235.91.

Insiders Place Their Bets

In other news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the sale, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the sale, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey E. Williams sold 59,730 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total value of $13,550,347.80. Following the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at approximately $111,148,695.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 517,924 shares of company stock valued at $114,786,399 over the last ninety days. Company insiders own 0.06% of the company’s stock.

Apple Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. 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.