CBIZ Investment Advisory Services LLC Has $4.30 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

CBIZ Investment Advisory Services LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 9.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 20,437 shares of the iPhone maker’s stock after purchasing an additional 1,696 shares during the quarter. Apple accounts for about 0.2% of CBIZ Investment Advisory Services LLC’s investment portfolio, making the stock its 16th largest holding. CBIZ Investment Advisory Services LLC’s holdings in Apple were worth $4,304,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Tlwm boosted its position in shares of Apple by 15.3% in the 1st quarter. Tlwm now owns 15,708 shares of the iPhone maker’s stock worth $2,694,000 after purchasing an additional 2,083 shares during the last quarter. Thrive Wealth Management LLC lifted its stake in Apple by 1.3% in the first quarter. Thrive Wealth Management LLC now owns 43,669 shares of the iPhone maker’s stock valued at $7,488,000 after buying an additional 563 shares during the period. 180 Wealth Advisors LLC boosted its holdings in Apple by 1.7% during the first quarter. 180 Wealth Advisors LLC now owns 107,285 shares of the iPhone maker’s stock worth $18,397,000 after buying an additional 1,803 shares during the last quarter. Stokes Capital Advisors LLC grew its position in shares of Apple by 4.0% during the 1st quarter. Stokes Capital Advisors LLC now owns 49,740 shares of the iPhone maker’s stock worth $8,529,000 after buying an additional 1,896 shares during the period. Finally, Hengehold Capital Management LLC increased its stake in shares of Apple by 2.7% in the 1st quarter. Hengehold Capital Management LLC now owns 25,630 shares of the iPhone maker’s stock valued at $4,395,000 after acquiring an additional 664 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction dated 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 transaction, 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 legal filing with the SEC, which is available at this link. In related news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the transaction, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Moffett Nathanson started coverage on shares of Apple in a report on Monday, August 19th. They set a “neutral” rating and a $211.00 price objective for the company. Oppenheimer restated a “buy” rating and issued a $250.00 price objective on shares of Apple in a research report on Tuesday, October 1st. Loop Capital boosted their target price on Apple to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Tigress Financial raised their price target on Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, New Street Research reiterated a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.23.

Apple Trading Down 1.3 %

Shares of AAPL stock opened at $222.91 on Friday. The stock has a market cap of $3.39 trillion, a P/E ratio of 33.93, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. 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 stock has a 50 day simple moving average of $227.18 and a 200 day simple moving average of $212.33.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.15. The firm had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.46 EPS. On average, research analysts predict that Apple Inc. will post 6.6 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 11th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date is Friday, November 8th. Apple’s payout ratio is presently 15.22%.

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.