Apple Inc. (NASDAQ:AAPL) is BSW Wealth Partners’ 7th Largest Position

BSW Wealth Partners reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,664 shares of the iPhone maker’s stock after selling 1,883 shares during the period. Apple comprises approximately 3.5% of BSW Wealth Partners’ portfolio, making the stock its 7th largest position. BSW Wealth Partners’ holdings in Apple were worth $21,202,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AAPL. Yeomans Consulting Group Inc. purchased a new stake in Apple in the fourth quarter valued at $1,713,000. Raleigh Capital Management Inc. lifted its position in Apple by 11.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 15,511 shares of the iPhone maker’s stock valued at $2,986,000 after acquiring an additional 1,643 shares during the last quarter. GLOBALT Investments LLC GA purchased a new stake in Apple in the fourth quarter valued at $38,406,000. Barden Capital Management Inc. lifted its position in Apple by 132.8% in the fourth quarter. Barden Capital Management Inc. now owns 32,636 shares of the iPhone maker’s stock valued at $6,283,000 after acquiring an additional 18,615 shares during the last quarter. Finally, Sunpointe LLC purchased a new stake in Apple in the fourth quarter valued at $4,782,000. 60.41% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Up 0.0 %

AAPL stock opened at $220.91 on Tuesday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.23. The company has a market cap of $3.36 trillion, a P/E ratio of 34.36, a P/E/G ratio of 2.60 and a beta of 1.24. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The company’s 50-day moving average price is $223.17 and its 200 day moving average price is $197.62.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The company had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. During the same quarter in the prior year, the firm earned $1.26 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, research analysts expect that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AAPL. Needham & Company LLC reissued a “buy” rating and issued a $260.00 price target on shares of Apple in a research report on Monday, August 5th. Tigress Financial lifted their price objective on shares of Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a research note on Wednesday, August 28th. Robert W. Baird lifted their price objective on shares of Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Erste Group Bank upgraded shares of Apple from a “hold” rating to a “buy” rating in a research note on Friday, June 14th. Finally, KeyCorp restated a “hold” rating and issued a $247.61 price objective on shares of Apple in a research note on Wednesday, August 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $238.62.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the sale, the insider now owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Katherine L. Adams sold 100,000 shares of the company’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 transaction, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the transaction, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. The disclosure for this sale can be found here. Insiders have sold 113,884 shares of company stock valued at $23,723,887 over the last quarter. Corporate insiders own 0.06% of the company’s stock.

Apple Company 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.