Mitchell & Pahl Private Wealth LLC Has $6.21 Million Stock Position in Apple Inc. $AAPL

Mitchell & Pahl Private Wealth LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 1.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,245 shares of the iPhone maker’s stock after purchasing an additional 565 shares during the quarter. Apple comprises about 2.7% of Mitchell & Pahl Private Wealth LLC’s portfolio, making the stock its 3rd biggest holding. Mitchell & Pahl Private Wealth LLC’s holdings in Apple were worth $6,205,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Advanced Portfolio Management LLC boosted its holdings in Apple by 0.3% in the 4th quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker’s stock valued at $3,260,000 after purchasing an additional 47 shares during the last quarter. Salus Financial Advisors LLC boosted its holdings in Apple by 3.9% in the 1st quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock valued at $291,000 after purchasing an additional 49 shares during the last quarter. Sharpepoint LLC boosted its holdings in Apple by 3.5% in the 1st quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker’s stock valued at $322,000 after purchasing an additional 51 shares during the last quarter. Redwood Financial Network Corp boosted its holdings in Apple by 0.6% in the 4th quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker’s stock valued at $2,184,000 after purchasing an additional 53 shares during the last quarter. Finally, Mission Hills Financial Advisory LLC boosted its holdings in Apple by 1.3% in the 1st quarter. Mission Hills Financial Advisory LLC now owns 4,016 shares of the iPhone maker’s stock valued at $892,000 after purchasing an additional 53 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insider Transactions at Apple

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 transaction of $7,772,047.20. Following the transaction, the senior vice president directly owned 136,687 shares of the company’s stock, valued at approximately $30,508,538.40. This trade represents a 20.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of AAPL opened at $254.63 on Wednesday. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10. The firm’s fifty day simple moving average is $230.51 and its 200-day simple moving average is $213.80. The firm has a market capitalization of $3.78 trillion, a price-to-earnings ratio of 38.64, a PEG ratio of 2.64 and a beta of 1.11. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. Apple had a net margin of 24.30% and a return on equity of 170.91%. The business had revenue of $94.04 billion for the quarter, compared to analyst estimates of $88.64 billion. During the same period last year, the business earned $1.40 EPS. The company’s revenue was up 9.6% on a year-over-year basis. Equities analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple’s dividend payout ratio (DPR) is presently 15.78%.

Analyst Ratings Changes

Several equities analysts have recently commented on AAPL shares. Sanford C. Bernstein started coverage on shares of Apple in a report on Monday, September 15th. They issued an “outperform” rating and a $290.00 price objective on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $266.00 price objective on shares of Apple in a report on Tuesday, August 26th. Loop Capital decreased their price objective on shares of Apple from $230.00 to $226.00 and set a “hold” rating on the stock in a report on Thursday, August 21st. Needham & Company LLC restated a “hold” rating on shares of Apple in a report on Friday, July 25th. Finally, Moffett Nathanson raised shares of Apple from a “sell” rating to a “neutral” rating and set a $225.00 target price on the stock in a research note on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $245.51.

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.