Northwest Capital Management Inc Has $6.15 Million Stake in Apple Inc. (NASDAQ:AAPL)

Northwest Capital Management Inc increased its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,947 shares of the iPhone maker’s stock after buying an additional 103 shares during the quarter. Apple comprises approximately 3.2% of Northwest Capital Management Inc’s holdings, making the stock its 9th largest holding. Northwest Capital Management Inc’s holdings in Apple were worth $6,145,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Aaron Wealth Advisors LLC increased its stake in Apple by 30,391.8% in the first quarter. Aaron Wealth Advisors LLC now owns 26,075,085 shares of the iPhone maker’s stock worth $149,333,000 after purchasing an additional 25,989,570 shares during the period. Capital Research Global Investors increased its stake in Apple by 31.7% in the first quarter. Capital Research Global Investors now owns 38,903,911 shares of the iPhone maker’s stock worth $6,793,041,000 after purchasing an additional 9,354,484 shares during the period. Vanguard Group Inc. increased its stake in Apple by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after purchasing an additional 8,734,393 shares during the period. Swiss National Bank increased its stake in shares of Apple by 13.1% during the first quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock valued at $12,407,910,000 after buying an additional 8,230,300 shares during the period. Finally, CFS Investment Advisory Services LLC increased its stake in shares of Apple by 18,263.5% during the first quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock valued at $47,000 after buying an additional 7,416,445 shares during the period. 57.72% of the stock is currently owned by institutional investors.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $150.72 on Friday. Apple Inc. has a one year low of $129.04 and a one year high of $182.94. The stock has a fifty day moving average of $147.21 and a 200-day moving average of $150.00. The company has a market capitalization of $2.40 trillion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 1.90 and a beta of 1.25. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.85 and a current ratio of 0.88.

Apple (NASDAQ:AAPLGet Rating) last announced its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.02. Apple had a net margin of 25.31% and a return on equity of 160.90%. The company had revenue of $90.15 billion for the quarter, compared to the consensus estimate of $88.77 billion. During the same period in the previous year, the business earned $1.24 EPS. The company’s revenue was up 7.8% on a year-over-year basis. As a group, equities analysts anticipate that Apple Inc. will post 6.31 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Friday, November 4th. Apple’s dividend payout ratio (DPR) is presently 15.06%.

Insider Transactions at Apple

In other news, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $17,259,454.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Apple news, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the completion of the sale, the chief financial officer now directly owns 110,673 shares in the company, valued at $17,259,454.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Deirdre O’brien sold 8,053 shares of the company’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the sale, the senior vice president now owns 136,290 shares of the company’s stock, valued at $19,414,510.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 360,651 shares of company stock valued at $53,703,645. 0.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AAPL. JPMorgan Chase & Co. set a $200.00 target price on Apple in a research note on Monday. Barclays reduced their price target on Apple from $156.00 to $144.00 and set an “equal weight” rating for the company in a research report on Monday, November 7th. Morgan Stanley reduced their price target on Apple from $177.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, November 8th. Deutsche Bank Aktiengesellschaft cut their price objective on Apple from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Finally, Robert W. Baird cut their price objective on Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average price target of $176.26.

Apple Profile

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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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