Yoder Wealth Management Inc. Has $9.91 Million Stock Holdings in Apple Inc. $AAPL

Yoder Wealth Management Inc. lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,309 shares of the iPhone maker’s stock after purchasing an additional 341 shares during the period. Apple comprises about 5.1% of Yoder Wealth Management Inc.’s investment portfolio, making the stock its 2nd biggest holding. Yoder Wealth Management Inc.’s holdings in Apple were worth $9,912,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ryan Investment Management Inc. acquired a new position in shares of Apple during the second quarter valued at $31,000. ROSS JOHNSON & Associates LLC lifted its position in Apple by 1,800.0% in 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 last quarter. Elite Financial Inc. acquired a new position in Apple during the 1st quarter valued at about $58,000. LSV Asset Management bought a new position in Apple in the 4th quarter worth about $65,000. Finally, HFM Investment Advisors LLC acquired a new stake in shares of Apple in the first quarter valued at approximately $99,000. 67.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AAPL shares. Raymond James Financial reiterated an “outperform” rating and set a $240.00 price objective (up from $230.00) on shares of Apple in a research report on Friday, August 1st. Morgan Stanley set a $298.00 target price on Apple and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Seaport Res Ptn raised Apple to a “strong-buy” rating in a research note on Wednesday, October 1st. Moffett Nathanson raised Apple from a “sell” rating to a “neutral” rating and set a $225.00 price target on the stock in a report on Thursday, September 4th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Apple in a report on Monday, October 20th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average price target of $252.47.

Insider Activity

In related news, SVP Katherine L. Adams sold 47,125 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the transaction, the senior vice president directly owned 179,158 shares of the company’s stock, valued at approximately $46,005,982.82. The trade was a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Deirdre O’brien sold 43,013 shares of the stock in a transaction dated 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 completion of the sale, the senior vice president directly owned 136,687 shares of the company’s stock, valued at approximately $35,181,866.93. This represents a 23.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 259,121 shares of company stock valued at $65,358,981 in the last 90 days. Company insiders own 0.06% of the company’s stock.

Apple Trading Up 1.2%

Shares of AAPL opened at $262.82 on Friday. The business’s 50-day moving average price is $244.15 and its 200 day moving average price is $219.51. 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 has a market capitalization of $3.90 trillion, a P/E ratio of 39.88, a P/E/G ratio of 2.56 and a beta of 1.09. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $265.29.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, topping the consensus estimate 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 last year, the firm posted $1.40 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. Analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple’s payout ratio is 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.