BKM Wealth Management LLC Has $11.37 Million Holdings in Apple Inc. $AAPL

BKM Wealth Management LLC grew its stake in Apple Inc. (NASDAQ:AAPL) by 2.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,199 shares of the iPhone maker’s stock after acquiring an additional 1,310 shares during the period. Apple accounts for approximately 4.7% of BKM Wealth Management LLC’s holdings, making the stock its 2nd largest position. BKM Wealth Management LLC’s holdings in Apple were worth $11,373,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Advanced Portfolio Management LLC grew its position in Apple by 0.3% during the fourth quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker’s stock valued at $3,260,000 after buying an additional 47 shares during the period. Salus Financial Advisors LLC grew its position in Apple by 3.9% during the first quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock valued at $291,000 after buying an additional 49 shares during the period. Disciplined Investments LLC grew its position in Apple by 0.7% during the fourth quarter. Disciplined Investments LLC now owns 7,166 shares of the iPhone maker’s stock valued at $1,794,000 after buying an additional 51 shares during the period. Sharpepoint LLC grew its position in Apple by 3.5% during the first quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker’s stock valued at $322,000 after buying an additional 51 shares during the period. Finally, Redwood Financial Network Corp grew its position in Apple by 0.6% during the fourth quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker’s stock valued at $2,184,000 after buying an additional 53 shares during the period. Institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on AAPL shares. Needham & Company LLC restated a “hold” rating on shares of Apple in a research report on Friday, July 25th. UBS Group lifted their price target on shares of Apple from $210.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, August 1st. Raymond James Financial reaffirmed an “outperform” rating and set a $240.00 price target (up previously from $230.00) on shares of Apple in a report on Friday, August 1st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $217.00 price target on shares of Apple in a report on Tuesday, July 29th. Finally, Monness Crespi & Hardt lifted their price target on shares of Apple from $245.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $237.37.

Apple Price Performance

AAPL stock opened at $232.14 on Tuesday. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The company’s fifty day moving average price is $216.40 and its 200-day moving average price is $212.63. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The company has a market capitalization of $3.45 trillion, a PE ratio of 35.23, a price-to-earnings-growth ratio of 2.42 and a beta of 1.11.

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

Apple Dividend Announcement

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

Insider Transactions at Apple

In related news, SVP Deirdre O’brien sold 34,821 shares of the company’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $223.20, for a total transaction 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 represents a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.06% of the stock is currently owned by 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.