Walter & Keenan Wealth Management LLC IN ADV Has $14.39 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Walter & Keenan Wealth Management LLC IN ADV trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,130 shares of the iPhone maker’s stock after selling 2,948 shares during the period. Apple accounts for about 6.1% of Walter & Keenan Wealth Management LLC IN ADV’s investment portfolio, making the stock its biggest holding. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Apple were worth $14,391,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Investment Partners LTD. increased its stake in Apple by 122.7% in the third quarter. Investment Partners LTD. now owns 155,029 shares of the iPhone maker’s stock valued at $21,425,000 after purchasing an additional 85,405 shares in the last quarter. Hapanowicz & Associates Financial Services Inc increased its stake in Apple by 13.9% in the third quarter. Hapanowicz & Associates Financial Services Inc now owns 2,547 shares of the iPhone maker’s stock valued at $352,000 after purchasing an additional 311 shares in the last quarter. Hengehold Capital Management LLC increased its stake in Apple by 2.9% in the third quarter. Hengehold Capital Management LLC now owns 22,888 shares of the iPhone maker’s stock valued at $3,163,000 after purchasing an additional 647 shares in the last quarter. HighMark Wealth Management LLC increased its stake in Apple by 2.2% in the third quarter. HighMark Wealth Management LLC now owns 5,824 shares of the iPhone maker’s stock valued at $805,000 after purchasing an additional 126 shares in the last quarter. Finally, Schubert & Co increased its stake in Apple by 0.3% in the third quarter. Schubert & Co now owns 152,279 shares of the iPhone maker’s stock valued at $21,045,000 after purchasing an additional 499 shares in the last quarter. 57.60% of the stock is owned by institutional investors.

Insider Buying and Selling at Apple

In other Apple news, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction dated 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 approximately $17,259,454.35. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Apple news, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction dated 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 approximately $17,259,454.35. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Chris Kondo sold 20,200 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the completion of the transaction, the insider now directly owns 31,505 shares in the company, valued at $4,685,423.60. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Apple Price Performance

NASDAQ:AAPL opened at $134.76 on Monday. Apple Inc. has a 52 week low of $124.17 and a 52 week high of $179.61. The firm has a market cap of $2.14 trillion, a price-to-earnings ratio of 22.06, a P/E/G ratio of 1.74 and a beta of 1.24. The firm’s 50-day simple moving average is $139.33 and its 200 day simple moving average is $148.32. 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 released its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. Apple had a net margin of 25.31% and a return on equity of 160.90%. The business had revenue of $90.15 billion for the quarter, compared to analyst estimates of $88.77 billion. During the same period last year, the firm earned $1.24 earnings per share. Apple’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts predict that Apple Inc. will post 6.19 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Friday, November 4th. Apple’s dividend payout ratio is 15.06%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AAPL shares. Sanford C. Bernstein lowered their target price on shares of Apple from $170.00 to $125.00 in a research note on Monday, January 9th. Morgan Stanley lowered their price objective on shares of Apple from $177.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, November 8th. Robert W. Baird lowered their price objective on shares of Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Evercore ISI increased their price objective on shares of Apple from $185.00 to $190.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 20th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Apple from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $171.22.

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; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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