Bartlett & CO. Wealth Management LLC Has $354.91 Million Stock Holdings in Apple Inc. $AAPL

Bartlett & CO. Wealth Management LLC reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,729,819 shares of the iPhone maker’s stock after selling 2,571 shares during the quarter. Apple comprises 5.0% of Bartlett & CO. Wealth Management LLC’s holdings, making the stock its 2nd biggest position. Bartlett & CO. Wealth Management LLC’s holdings in Apple were worth $354,907,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First National Bank of Hutchinson increased its stake in shares of Apple by 24.6% in the 4th quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker’s stock valued at $8,845,000 after acquiring an additional 6,982 shares during the last quarter. Eagle Capital Management LLC increased its stake in shares of Apple by 0.5% in the 4th quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker’s stock valued at $13,544,000 after acquiring an additional 272 shares during the last quarter. Brighton Jones LLC increased its stake in shares of Apple by 14.8% in the 4th quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker’s stock valued at $134,554,000 after acquiring an additional 69,207 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Apple by 4.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker’s stock valued at $16,742,000 after acquiring an additional 2,695 shares during the last quarter. Finally, Highview Capital Management LLC DE increased its stake in shares of Apple by 2.4% in the 4th quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker’s stock valued at $12,587,000 after acquiring an additional 1,155 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O’brien sold 43,013 shares of the firm’s stock in a transaction on 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 sale, the senior vice president owned 136,687 shares of the company’s stock, valued at $35,181,866.93. This trade represents a 23.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 129,963 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total value of $33,375,798.03. Following the sale, the chief executive officer directly owned 3,280,295 shares of the company’s stock, valued at $842,412,558.95. This represents a 3.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 259,121 shares of company stock worth $65,358,981. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AAPL. Tigress Financial upped their price target on Apple from $300.00 to $305.00 and gave the company a “strong-buy” rating in a research note on Wednesday, September 17th. Citigroup reaffirmed a “buy” rating on shares of Apple in a research note on Wednesday, September 10th. Monness Crespi & Hardt upped their price target on Apple from $245.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Melius Research set a $290.00 price target on Apple and gave the company a “buy” rating in a research note on Wednesday, September 10th. Finally, CLSA upgraded Apple to a “strong-buy” rating in a research report on Sunday, October 5th. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $251.47.

Apple Trading Up 3.9%

NASDAQ:AAPL opened at $262.24 on Tuesday. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $264.38. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The business has a 50 day moving average price of $241.83 and a two-hundred day moving average price of $217.42. The company has a market cap of $3.89 trillion, a P/E ratio of 39.79, a price-to-earnings-growth ratio of 2.46 and a beta of 1.09.

Apple (NASDAQ:AAPL) last released 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. 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 business’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.40 EPS. As a group, analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

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

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.