Wilson & Boucher Capital Management LLC Cuts Stock Position in Apple Inc. $AAPL

Wilson & Boucher Capital Management LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,790 shares of the iPhone maker’s stock after selling 747 shares during the quarter. Apple makes up approximately 5.0% of Wilson & Boucher Capital Management LLC’s portfolio, making the stock its 2nd largest holding. Wilson & Boucher Capital Management LLC’s holdings in Apple were worth $7,138,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. ROSS JOHNSON & Associates LLC boosted its stake in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after purchasing an additional 180 shares in the last quarter. Life Planning Partners Inc acquired a new stake in shares of Apple in the 4th quarter valued at $47,000. Elite Financial Inc. acquired a new stake in shares of Apple in the 1st quarter valued at $58,000. Conquis Financial LLC acquired a new stake in shares of Apple in the 4th quarter valued at $63,000. Finally, LSV Asset Management acquired a new stake in shares of Apple in the 4th quarter valued at $65,000. Institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AAPL shares. Morgan Stanley set a $240.00 price target on shares of Apple and gave the stock an “overweight” rating in a research report on Wednesday, September 3rd. Wedbush reiterated an “outperform” rating and set a $270.00 price target on shares of Apple in a research report on Tuesday, September 9th. Melius Research set a $290.00 price target on shares of Apple and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Tigress Financial boosted their price objective on Apple from $300.00 to $305.00 and gave the stock a “strong-buy” rating in a report on Wednesday. Finally, Jefferies Financial Group upped their price target on Apple from $190.67 to $205.82 and gave the company a “hold” rating in a research note on Monday, September 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $241.93.

Insider Buying and Selling

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the transaction, the senior vice president directly owned 136,687 shares in the company, valued at approximately $30,508,538.40. This represents a 20.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is owned by insiders.

Apple Stock Up 0.4%

Shares of NASDAQ AAPL opened at $238.99 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The company has a market cap of $3.55 trillion, a price-to-earnings ratio of 36.27, a PEG ratio of 2.47 and a beta of 1.11. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $260.10. The stock has a 50-day moving average price of $223.15 and a two-hundred day moving average price of $212.36.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.14. The company had revenue of $94.04 billion for 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%.The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.40 earnings per share. As a group, analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

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

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.