Kohmann Bosshard Financial Services LLC Sells 63 Shares of Apple Inc. (NASDAQ:AAPL)

Kohmann Bosshard Financial Services LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,973 shares of the iPhone maker’s stock after selling 63 shares during the quarter. Apple accounts for approximately 1.2% of Kohmann Bosshard Financial Services LLC’s holdings, making the stock its 19th biggest holding. Kohmann Bosshard Financial Services LLC’s holdings in Apple were worth $9,051,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AAPL. Christopher J. Hasenberg Inc acquired a new stake in Apple in the 1st quarter valued at $35,000. Fidelis Capital Partners LLC boosted its stake in shares of Apple by 17.9% in the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after purchasing an additional 31,278 shares in the last quarter. A.P. Gilfoyle & Co. L.P. bought a new stake in shares of Apple in the 4th quarter worth about $39,000. University of Texas Texas AM Investment Managment Co. increased its position in shares of Apple by 657.1% during the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after purchasing an additional 368 shares in the last quarter. Finally, Clarity Asset Management Inc. bought a new position in Apple during the 4th quarter valued at about $85,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Buying and Selling at Apple

In other news, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Chris Kondo sold 8,706 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the transaction, the insider now owns 15,419 shares of the company’s stock, valued at $3,469,275. The disclosure for this sale can be found here. In the last quarter, insiders have sold 113,884 shares of company stock worth $23,723,887. Corporate insiders own 0.06% of the company’s stock.

Apple Price Performance

NASDAQ AAPL opened at $229.00 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.99 and a current ratio of 1.04. The stock has a market cap of $3.51 trillion, a price-to-earnings ratio of 35.61, a PEG ratio of 2.60 and a beta of 1.24. The business has a 50 day simple moving average of $221.45 and a 200 day simple moving average of $195.48. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.23.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. The business had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 145.35%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the business posted $1.26 earnings per share. Analysts anticipate that Apple Inc. will post 6.61 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio is presently 15.55%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Maxim Group raised their price objective on shares of Apple from $195.00 to $203.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. StockNews.com upgraded Apple from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Robert W. Baird increased their target price on Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. KeyCorp reaffirmed a “hold” rating and issued a $247.61 price target on shares of Apple in a report on Wednesday. Finally, Rosenblatt Securities increased their price objective on shares of Apple from $260.00 to $261.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $237.30.

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.