Wealth Management Partners LLC Has $11.16 Million Position in Apple Inc. $AAPL

Wealth Management Partners LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,135 shares of the iPhone maker’s stock after acquiring an additional 252 shares during the quarter. Apple makes up about 3.9% of Wealth Management Partners LLC’s portfolio, making the stock its 6th biggest holding. Wealth Management Partners LLC’s holdings in Apple were worth $11,156,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AAPL. Advanced Portfolio Management LLC lifted 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 purchasing an additional 47 shares in the last quarter. Salus Financial Advisors LLC increased its holdings in shares of Apple by 3.9% in the first quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock worth $291,000 after purchasing an additional 49 shares during the last quarter. Sharpepoint LLC increased its stake in Apple by 3.5% during the first quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker’s stock worth $322,000 after acquiring an additional 51 shares during the last quarter. Redwood Financial Network Corp increased its stake in Apple by 0.6% during the fourth quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker’s stock worth $2,184,000 after acquiring an additional 53 shares during the last quarter. Finally, Mission Hills Financial Advisory LLC boosted its position in shares of Apple by 1.3% during the first quarter. Mission Hills Financial Advisory LLC now owns 4,016 shares of the iPhone maker’s stock valued at $892,000 after buying an additional 53 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Insider Activity at Apple

In related news, SVP Deirdre O’brien sold 34,821 shares of Apple 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 owned 136,687 shares in the company, valued at approximately $30,508,538.40. The trade was a 20.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $254.63 on Wednesday. The stock 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. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The company has a 50-day simple moving average of $230.51 and a 200-day simple moving average of $213.80. 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 (NASDAQ:AAPL) last issued its 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. The company had revenue of $94.04 billion during the quarter, compared to analysts’ expectations of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company posted $1.40 earnings per share. On average, analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders 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 (DPR) is currently 15.78%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AAPL. The Goldman Sachs Group reiterated a “buy” rating and issued a $266.00 price target on shares of Apple in a report on Tuesday, August 26th. JPMorgan Chase & Co. increased their price target on Apple from $255.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Melius Research set a $290.00 target price on shares of Apple and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Morgan Stanley set a $240.00 price target on shares of Apple and gave the company an “overweight” rating in a research note on Wednesday, September 3rd. Finally, HSBC set a $220.00 price objective on shares of Apple and gave the company a “hold” rating in a report on Monday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average price target of $245.51.

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.