MBL Wealth LLC Has $19.99 Million Holdings in Apple Inc. $AAPL

MBL Wealth LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 2.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,997 shares of the iPhone maker’s stock after buying an additional 1,810 shares during the quarter. Apple makes up 2.0% of MBL Wealth LLC’s holdings, making the stock its 14th biggest holding. MBL Wealth LLC’s holdings in Apple were worth $19,991,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. ROSS JOHNSON & Associates LLC boosted its stake in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after buying an additional 180 shares in the last quarter. Life Planning Partners Inc acquired a new stake in shares of Apple during the fourth quarter valued at about $47,000. Elite Financial Inc. acquired a new stake in shares of Apple during the first quarter valued at about $58,000. Conquis Financial LLC acquired a new stake in shares of Apple during the fourth quarter valued at about $63,000. Finally, LSV Asset Management acquired a new stake in shares of Apple during the fourth quarter valued at about $65,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AAPL shares. Morgan Stanley set a $240.00 price target on Apple and gave the company an “overweight” rating in a research note on Wednesday, September 3rd. HSBC set a $220.00 price target on Apple and gave the company a “hold” rating in a research note on Monday, September 8th. Needham & Company LLC reissued a “hold” rating on shares of Apple in a research note on Friday, July 25th. Monness Crespi & Hardt lifted their price target on Apple from $245.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Bank of America lifted their price target on Apple from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $240.80.

Apple Trading Up 1.8%

Shares of AAPL stock opened at $234.07 on Monday. The company has a market cap of $3.47 trillion, a P/E ratio of 35.52, a PEG ratio of 2.43 and a beta of 1.11. The stock has a 50 day simple moving average of $221.50 and a two-hundred day simple moving average of $212.02. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10.

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

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were issued a $0.26 dividend. 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 payout ratio is presently 15.78%.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of Apple stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $223.20, for a total value of $7,772,047.20. Following the completion of the sale, the senior vice president directly owned 136,687 shares in the company, valued at approximately $30,508,538.40. The trade was a 20.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.06% of the company’s stock.

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.