Apple Inc. $AAPL Stock Holdings Lifted by PTM Wealth Management LLC

PTM Wealth Management LLC raised its stake in Apple Inc. (NASDAQ:AAPL) by 23.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,887 shares of the iPhone maker’s stock after purchasing an additional 2,272 shares during the quarter. Apple accounts for 1.7% of PTM Wealth Management LLC’s investment portfolio, making the stock its 10th biggest holding. PTM Wealth Management LLC’s holdings in Apple were worth $2,538,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of AAPL. ROSS JOHNSON & Associates LLC grew 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 during the last quarter. Life Planning Partners Inc purchased a new stake in shares of Apple in the fourth quarter valued at approximately $47,000. Elite Financial Inc. purchased a new position in Apple in the first quarter worth $58,000. Conquis Financial LLC purchased a new position in Apple in the fourth quarter worth $63,000. Finally, LSV Asset Management purchased a new position in Apple in the fourth quarter worth $65,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Apple

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the business’s stock in a transaction dated 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 completion of the sale, the senior vice president owned 136,687 shares of the company’s stock, valued at approximately $30,508,538.40. The trade was a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

AAPL stock opened at $245.50 on Friday. The stock has a 50-day moving average price of $224.35 and a two-hundred day moving average price of $212.26. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $260.10. 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 $3.64 trillion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 2.55 and a beta of 1.11.

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

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were given 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 of this dividend was Monday, August 11th. Apple’s payout ratio is 15.78%.

Analyst Ratings Changes

Several research analysts have issued reports on AAPL shares. Monness Crespi & Hardt increased their price objective on Apple from $245.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Barclays lifted their price objective on Apple from $173.00 to $180.00 and gave the stock an “underweight” rating in a report on Friday, August 1st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $266.00 price objective on shares of Apple in a report on Tuesday, August 26th. Loop Capital reduced their price objective on Apple from $230.00 to $226.00 and set a “hold” rating for the company in a report on Thursday, August 21st. Finally, Rosenblatt Securities lifted their price objective on Apple from $223.00 to $241.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Two investment 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 assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $242.74.

Apple 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.