Hartmann Taylor Wealth Management LLC Purchases 1,446 Shares of Apple Inc. $AAPL

Hartmann Taylor Wealth Management LLC increased its position in Apple Inc. (NASDAQ:AAPL) by 14.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,172 shares of the iPhone maker’s stock after purchasing an additional 1,446 shares during the quarter. Apple makes up 1.9% of Hartmann Taylor Wealth Management LLC’s holdings, making the stock its 15th largest position. Hartmann Taylor Wealth Management LLC’s holdings in Apple were worth $2,292,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Traction Financial Partners LLC grew its holdings in Apple by 10.5% during the second quarter. Traction Financial Partners LLC now owns 3,221 shares of the iPhone maker’s stock worth $661,000 after purchasing an additional 305 shares during the period. Lynch & Associates IN lifted its position in shares of Apple by 0.4% in the second quarter. Lynch & Associates IN now owns 46,993 shares of the iPhone maker’s stock valued at $9,641,000 after buying an additional 177 shares during the last quarter. Kentucky Trust Co boosted its stake in shares of Apple by 1.0% during the 2nd quarter. Kentucky Trust Co now owns 30,736 shares of the iPhone maker’s stock worth $6,306,000 after acquiring an additional 305 shares during the period. Northside Capital Management LLC boosted its stake in shares of Apple by 81.7% during the 2nd quarter. Northside Capital Management LLC now owns 104,300 shares of the iPhone maker’s stock worth $21,399,000 after acquiring an additional 46,912 shares during the period. Finally, IMS Capital Management acquired a new position in shares of Apple during the 2nd quarter worth approximately $11,633,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

Apple stock opened at $256.69 on Tuesday. The firm has a market cap of $3.81 trillion, a PE ratio of 38.95, a price-to-earnings-growth ratio of 2.51 and a beta of 1.09. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The stock’s fifty day moving average price is $233.94 and its two-hundred day moving average price is $214.96. Apple Inc. has a one year low of $169.21 and a one year high of $260.10.

Apple (NASDAQ:AAPL) last released its earnings results 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. The firm 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 company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.40 EPS. As a group, research analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed 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 yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple’s dividend payout ratio is presently 15.78%.

Insiders Place Their Bets

In other Apple news, 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 transaction of $12,101,228.75. Following the completion of the transaction, the senior vice president directly owned 179,158 shares in the company, valued at $46,005,982.82. The trade was a 20.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Deirdre O’brien sold 43,013 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total value of $11,071,116.07. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 254,922 shares of company stock worth $64,320,190 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

AAPL has been the subject of several research reports. Sanford C. Bernstein started coverage on Apple in a report on Monday, September 15th. They set an “outperform” rating and a $290.00 price target for the company. Monness Crespi & Hardt increased their price objective on shares of Apple from $245.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Apple in a report on Saturday, September 27th. Moffett Nathanson raised shares of Apple from a “sell” rating to a “neutral” rating and set a $225.00 target price for the company in a report on Thursday, September 4th. Finally, DA Davidson reissued a “neutral” rating and issued a $250.00 price target on shares of Apple in a report on Thursday, September 11th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $247.49.

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.