Apple Inc. (NASDAQ:AAPL) Shares Acquired by Soundmark Wealth Management LLC

Soundmark Wealth Management LLC grew its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 11.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,560 shares of the iPhone maker’s stock after purchasing an additional 1,191 shares during the period. Apple makes up 1.1% of Soundmark Wealth Management LLC’s investment portfolio, making the stock its 24th largest position. Soundmark Wealth Management LLC’s holdings in Apple were worth $1,581,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Joseph Group Capital Management purchased a new stake in shares of Apple in the 4th quarter valued at $1,631,000. Cardinal Capital Management Inc. raised its holdings in shares of Apple by 5,525.0% in the 1st quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker’s stock valued at $39,000 after buying an additional 221 shares during the period. Shore Point Advisors LLC purchased a new stake in shares of Apple in the 4th quarter valued at $41,000. Spence Asset Management purchased a new stake in shares of Apple in the 2nd quarter valued at $49,000. Finally, Emerson Wealth LLC increased its holdings in Apple by 363.6% during the 1st quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock worth $71,000 after purchasing an additional 320 shares during the period. Hedge funds and other institutional investors own 57.72% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Luca Maestri sold 96,735 shares of the stock in a transaction that occurred 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 directly owns 110,673 shares of the company’s stock, valued at approximately $19,362,241.35. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Luca Maestri sold 96,735 shares of the stock in a transaction that occurred 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 directly owns 110,673 shares of the company’s stock, valued at approximately $19,362,241.35. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Katherine L. Adams sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total value of $4,119,250.00. Following the transaction, the senior vice president now directly owns 427,334 shares of the company’s stock, valued at $70,411,823.18. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AAPL shares. Itaú Unibanco started coverage on Apple in a report on Tuesday, July 26th. They set an “underperform” rating and a $136.00 price target on the stock. set a $175.00 price target on Apple in a report on Friday, July 29th. Loop Capital cut their price target on Apple from $210.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, May 25th. Oppenheimer restated an “outperform” rating and set a $190.00 price target on shares of Apple in a report on Wednesday, June 8th. Finally, UBS Group set a $185.00 price target on Apple in a report on Wednesday, September 14th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $181.68.

Apple Stock Up 1.6 %

Apple stock opened at $156.90 on Wednesday. Apple Inc. has a twelve month low of $129.04 and a twelve month high of $182.94. The stock has a 50 day moving average of $159.84 and a two-hundred day moving average of $155.88. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $2.52 trillion, a price-to-earnings ratio of 25.89, a PEG ratio of 1.95 and a beta of 1.23.

Apple (NASDAQ:AAPLGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.06. Apple had a return on equity of 152.97% and a net margin of 25.71%. The company had revenue of $82.96 billion during the quarter, compared to analysts’ expectations of $82.97 billion. During the same period last year, the firm earned $1.30 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 6.11 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Shareholders of record on Monday, August 8th were given a dividend of $0.23 per share. The ex-dividend date was Friday, August 5th. This represents a $0.92 dividend on an annualized basis and a yield of 0.59%. Apple’s payout ratio is 15.18%.

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.

See Also

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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