Wealth Advisors Northwest LLC Purchases 671 Shares of Apple Inc. $AAPL

Wealth Advisors Northwest LLC grew its position in Apple Inc. (NASDAQ:AAPL) by 8.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,440 shares of the iPhone maker’s stock after acquiring an additional 671 shares during the period. Apple accounts for 0.9% of Wealth Advisors Northwest LLC’s portfolio, making the stock its 22nd largest holding. Wealth Advisors Northwest LLC’s holdings in Apple were worth $1,732,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of AAPL. Salus Financial Advisors LLC increased its holdings in shares of Apple by 3.9% in the first quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock valued at $291,000 after purchasing an additional 49 shares in the last quarter. Red Tortoise LLC boosted its position in Apple by 0.9% in the 2nd quarter. Red Tortoise LLC now owns 5,717 shares of the iPhone maker’s stock valued at $1,173,000 after buying an additional 49 shares during the last quarter. SigFig Wealth Management LLC boosted its position in Apple by 2.8% in the 2nd quarter. SigFig Wealth Management LLC now owns 1,830 shares of the iPhone maker’s stock valued at $368,000 after buying an additional 50 shares during the last quarter. Shariaportfolio Inc. increased its stake in shares of Apple by 1.3% in the 2nd quarter. Shariaportfolio Inc. now owns 3,999 shares of the iPhone maker’s stock valued at $820,000 after buying an additional 50 shares during the period. Finally, Sharpepoint LLC raised its position in shares of Apple by 3.5% during the first quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker’s stock worth $322,000 after acquiring an additional 51 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insider Transactions at Apple

In related news, SVP Katherine L. Adams sold 47,125 shares of the company’s 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 transaction, the senior vice president directly owned 179,158 shares in the company, valued at approximately $46,005,982.82. This represents a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Deirdre O’brien sold 43,013 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 136,687 shares in the company, valued at $35,181,866.93. This represents a 23.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 259,121 shares of company stock worth $65,358,981 over the last quarter. 0.06% of the stock is currently owned by corporate insiders.

Apple Price Performance

Shares of AAPL opened at $269.05 on Tuesday. The company has a 50 day moving average of $249.17 and a 200-day moving average of $222.85. 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 stock has a market capitalization of $3.99 trillion, a P/E ratio of 40.83, a P/E/G ratio of 2.62 and a beta of 1.09. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $277.32.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.11. The business had revenue of $102.47 billion during the quarter, compared to analysts’ expectations of $101.65 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the business earned $1.64 earnings per share. As a group, equities research analysts forecast 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 will be paid on Thursday, November 13th. Shareholders of record on Monday, November 10th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, November 10th. Apple’s dividend payout ratio is currently 13.92%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Raymond James Financial reaffirmed an “outperform” rating and issued a $240.00 target price (up previously from $230.00) on shares of Apple in a research note on Friday, August 1st. Sanford C. Bernstein set a $325.00 price objective on shares of Apple in a report on Monday. Jefferies Financial Group raised shares of Apple from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $203.07 to $246.99 in a report on Friday. Phillip Securities cut shares of Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 target price for the company. in a research report on Thursday, September 11th. Finally, Monness Crespi & Hardt increased their price target on Apple from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $277.52.

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.