Brady Martz Wealth Solutions LLC Has $3.05 Million Holdings in Apple Inc. $AAPL

Brady Martz Wealth Solutions LLC cut its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,868 shares of the iPhone maker’s stock after selling 283 shares during the quarter. Brady Martz Wealth Solutions LLC’s holdings in Apple were worth $3,050,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Ryan Investment Management Inc. bought a new position in Apple during the second quarter worth $31,000. ROSS JOHNSON & Associates LLC boosted its stake in Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after acquiring an additional 180 shares in the last quarter. Life Planning Partners Inc bought a new position in Apple during the fourth quarter worth $47,000. Elite Financial Inc. bought a new position in Apple during the first quarter worth $58,000. Finally, Conquis Financial LLC bought a new position in Apple during the fourth quarter worth $63,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AAPL has been the topic of several research analyst reports. UBS Group reissued a “neutral” rating on shares of Apple in a research note on Monday, September 8th. Needham & Company LLC reissued a “hold” rating on shares of Apple in a research note on Friday, July 25th. Bank of America increased their target price on shares of Apple from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Jefferies Financial Group reissued an “underperform” rating and set a $205.16 target price (down from $205.82) on shares of Apple in a research note on Friday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Apple in a research note on Saturday, September 27th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $247.49.

Apple Stock Performance

NASDAQ AAPL opened at $258.02 on Friday. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10. The company has a 50-day simple moving average of $233.09 and a 200 day simple moving average of $214.69. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The company has a market capitalization of $3.83 trillion, a PE ratio of 39.15, a price-to-earnings-growth ratio of 2.49 and a beta of 1.09.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $88.64 billion. During the same quarter last year, the company posted $1.40 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

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

Insider Transactions at Apple

In other news, SVP Katherine L. Adams sold 47,125 shares of Apple stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total value of $12,101,228.75. Following the completion of the transaction, the senior vice president owned 179,158 shares in the company, valued at $46,005,982.82. This trade represents a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Deirdre O’brien sold 43,013 shares of Apple stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the completion of the transaction, the senior vice president owned 136,687 shares of the company’s stock, valued at $35,181,866.93. The trade was a 23.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 254,922 shares of company stock worth $64,320,190 over the last quarter. Corporate insiders own 0.06% of the company’s stock.

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.