Apple Inc. $AAPL Shares Bought by TLW Wealth Management LLC

TLW Wealth Management LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 1.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,171 shares of the iPhone maker’s stock after purchasing an additional 627 shares during the quarter. Apple comprises 7.5% of TLW Wealth Management LLC’s holdings, making the stock its 8th biggest position. TLW Wealth Management LLC’s holdings in Apple were worth $12,477,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tallon Kerry Patrick bought a new stake in Apple in the fourth quarter worth $1,877,000. First National Bank of Hutchinson raised its position in shares of Apple by 24.6% during the fourth quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker’s stock valued at $8,845,000 after buying an additional 6,982 shares during the last quarter. Capital & Planning LLC lifted its position in shares of Apple by 10.7% in the 4th quarter. Capital & Planning LLC now owns 27,298 shares of the iPhone maker’s stock worth $6,836,000 after acquiring an additional 2,647 shares during the period. Eagle Capital Management LLC raised its position in Apple by 0.5% in the fourth quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker’s stock worth $13,544,000 after purchasing an additional 272 shares in the last quarter. Finally, Brighton Jones LLC boosted its stake in Apple by 14.8% in the 4th quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker’s stock valued at $134,554,000 after buying an additional 69,207 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AAPL shares. Bank of America boosted their target price on shares of Apple from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. lifted their price objective on shares of Apple from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Barclays increased their price objective on Apple from $173.00 to $180.00 and gave the company an “underweight” rating in a report on Friday, August 1st. DA Davidson reaffirmed a “buy” rating and set a $250.00 price target on shares of Apple in a report on Friday, August 1st. Finally, Morgan Stanley lifted their price objective on shares of Apple from $235.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $237.60.

Apple Stock Performance

NASDAQ AAPL opened at $231.59 on Monday. The company has a 50-day simple moving average of $209.69 and a two-hundred day simple moving average of $212.97. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $260.10. The firm has a market cap of $3.44 trillion, a price-to-earnings ratio of 35.14, a PEG ratio of 2.42 and a beta of 1.16. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.14. The company had revenue of $94.04 billion during the quarter, compared to analysts’ expectations of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%. Apple’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.40 EPS. On average, equities analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple’s dividend payout ratio is currently 15.78%.

Apple declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 1st that allows the company to buyback $100.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the firm’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $223.20, for a total value of $7,772,047.20. Following the sale, the senior vice president owned 136,687 shares of the company’s stock, valued at $30,508,538.40. This trade represents a 20.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is owned by corporate insiders.

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.