Apple Inc. $AAPL Shares Acquired by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. increased its stake in Apple Inc. (NASDAQ:AAPL) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,341 shares of the iPhone maker’s stock after buying an additional 146 shares during the period. Apple comprises about 0.7% of McGlone Suttner Wealth Management Inc.’s investment portfolio, making the stock its 19th largest position. McGlone Suttner Wealth Management Inc.’s holdings in Apple were worth $4,789,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in AAPL. Ryan Investment Management Inc. acquired a new stake in shares of Apple in the 2nd quarter worth about $31,000. ROSS JOHNSON & Associates LLC boosted its stake in Apple by 1,800.0% during 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 period. Life Planning Partners Inc bought a new position in Apple in the 4th quarter worth about $47,000. Elite Financial Inc. acquired a new stake in shares of Apple in the first quarter valued at approximately $58,000. Finally, Conquis Financial LLC bought a new stake in shares of Apple during the fourth quarter valued at approximately $63,000. 67.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the company’s 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 transaction, the senior vice president owned 136,687 shares of the company’s stock, valued at $30,508,538.40. This represents a 20.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. HSBC set a $220.00 price target on Apple and gave the company a “hold” rating in a report on Monday, September 8th. Wedbush set a $310.00 target price on shares of Apple and gave the company an “outperform” rating in a research note on Monday, September 22nd. Sanford C. Bernstein assumed coverage on shares of Apple in a research report on Monday, September 15th. They set an “outperform” rating and a $290.00 price target on the stock. Loop Capital decreased their price objective on shares of Apple from $230.00 to $226.00 and set a “hold” rating for the company in a report on Thursday, August 21st. Finally, UBS Group reissued a “neutral” rating on shares of Apple in a report on Monday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $247.51.

Apple Stock Performance

Shares of AAPL stock opened at $257.13 on Friday. The company has a market capitalization of $3.82 trillion, a price-to-earnings ratio of 39.02, a P/E/G ratio of 2.48 and a beta of 1.09. Apple Inc. has a 1-year low of $169.21 and a 1-year 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 stock’s fifty day simple moving average is $232.20 and its 200-day simple moving average is $214.38.

Apple (NASDAQ:AAPL) last posted its quarterly 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. 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 the consensus estimate of $88.64 billion. During the same period in the prior year, the business posted $1.40 earnings per share. Apple’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, sell-side analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

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.