Kwmg LLC Sells 341 Shares of Apple Inc. $AAPL

Kwmg LLC lowered its stake in Apple Inc. (NASDAQ:AAPL) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,682 shares of the iPhone maker’s stock after selling 341 shares during the period. Kwmg LLC’s holdings in Apple were worth $5,064,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AAPL. Kingstone Capital Partners Texas LLC boosted its holdings in Apple by 573,627.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock valued at $39,065,374,000 after acquiring an additional 205,656,808 shares in the last quarter. Nuveen LLC bought a new stake in shares of Apple during the 1st quarter valued at $17,472,482,000. GAMMA Investing LLC boosted its holdings in shares of Apple by 25,934.1% during the 1st quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker’s stock valued at $133,425,490,000 after buying an additional 59,835,676 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Apple by 13.3% during the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after buying an additional 20,079,472 shares in the last quarter. Finally, Amundi boosted its holdings in shares of Apple by 27.4% during the 1st quarter. Amundi now owns 68,190,569 shares of the iPhone maker’s stock valued at $13,870,795,000 after buying an additional 14,651,321 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AAPL. HSBC set a $220.00 target price on shares of Apple and gave the company a “hold” rating in a report on Monday, September 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Apple in a report on Saturday, September 27th. UBS Group restated a “neutral” rating on shares of Apple in a report on Monday, September 8th. Melius Research set a $290.00 target price on shares of Apple and gave the company a “buy” rating in a report on Wednesday, September 10th. Finally, DA Davidson restated a “neutral” rating and set a $250.00 target price on shares of Apple in a report on Thursday, September 11th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $247.49.

Apple Trading Up 0.3%

Apple stock opened at $258.02 on Friday. The business has a 50-day simple moving average of $233.09 and a two-hundred day simple moving average of $214.69. The company has a market cap of $3.83 trillion, a P/E ratio of 39.15, a P/E/G ratio of 2.50 and a beta of 1.09. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25.

Apple (NASDAQ:AAPL) last released 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. The business had revenue of $94.04 billion during the quarter, compared to the consensus estimate of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.40 EPS. Analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company 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. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple’s payout ratio is currently 15.78%.

Insider Buying and Selling at Apple

In other Apple news, CEO Timothy D. Cook sold 129,963 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the completion of the sale, the chief executive officer directly owned 3,280,295 shares in the company, valued at $842,412,558.95. The trade was a 3.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president owned 179,158 shares of the company’s stock, valued at approximately $46,005,982.82. This trade represents a 20.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 254,922 shares of company stock worth $64,320,190 in the last three months. 0.06% of the stock is currently owned by company insiders.

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.