Wolff Wiese Magana LLC Has $6.18 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Wolff Wiese Magana LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,839 shares of the iPhone maker’s stock after selling 1,041 shares during the quarter. Apple accounts for 4.8% of Wolff Wiese Magana LLC’s investment portfolio, making the stock its largest holding. Wolff Wiese Magana LLC’s holdings in Apple were worth $6,176,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Apple by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after purchasing an additional 8,734,393 shares during the period. Berkshire Hathaway Inc lifted its position in shares of Apple by 2.3% during the 1st quarter. Berkshire Hathaway Inc now owns 915,560,382 shares of the iPhone maker’s stock valued at $150,975,907,000 after buying an additional 20,424,207 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of Apple by 116,483.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock valued at $74,002,245,000 after buying an additional 569,066,184 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Apple by 0.9% during the 1st quarter. Geode Capital Management LLC now owns 285,171,112 shares of the iPhone maker’s stock valued at $46,918,015,000 after buying an additional 2,421,295 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Apple by 3.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 234,017,381 shares of the iPhone maker’s stock valued at $38,589,468,000 after buying an additional 7,736,013 shares during the last quarter. Institutional investors own 58.51% of the company’s stock.

Insider Buying and Selling

In related news, insider Chris Kondo sold 4,806 shares of Apple stock in a transaction on Friday, November 10th. The stock was sold at an average price of $184.04, for a total value of $884,496.24. Following the completion of the sale, the insider now owns 34,687 shares of the company’s stock, valued at $6,383,795.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Deirdre O’brien sold 65,536 shares of Apple stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $172.11, for a total value of $11,279,400.96. Following the completion of the sale, the senior vice president now owns 136,445 shares of the company’s stock, valued at $23,483,548.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris Kondo sold 4,806 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $184.04, for a total value of $884,496.24. Following the sale, the insider now directly owns 34,687 shares of the company’s stock, valued at approximately $6,383,795.48. The disclosure for this sale can be found here. Insiders sold 444,391 shares of company stock valued at $77,370,046 over the last 90 days. Company insiders own 0.06% of the company’s stock.

Apple Stock Down 0.0 %

Apple stock opened at $189.69 on Monday. The firm has a market cap of $2.95 trillion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.60 and a beta of 1.30. The stock has a fifty day simple moving average of $176.91 and a two-hundred day simple moving average of $180.85. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $198.23. The company has a current ratio of 0.99, a quick ratio of 0.94 and a debt-to-equity ratio of 1.53.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, November 2nd. The iPhone maker reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.07. The business had revenue of $89.50 billion during the quarter, compared to analyst estimates of $89.34 billion. Apple had a return on equity of 160.78% and a net margin of 25.31%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 EPS. Equities analysts predict that Apple Inc. will post 6.56 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Friday, November 10th. Apple’s payout ratio is currently 15.69%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AAPL. The Goldman Sachs Group dropped their price target on Apple from $222.00 to $216.00 and set a “buy” rating on the stock in a research report on Wednesday, September 13th. Raymond James increased their price objective on Apple from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. StockNews.com started coverage on Apple in a report on Thursday, October 5th. They set a “hold” rating on the stock. Tigress Financial increased their price objective on Apple from $225.00 to $240.00 and gave the stock a “strong-buy” rating in a report on Thursday. Finally, Canaccord Genuity Group increased their price objective on Apple from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $198.25.

About Apple

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.