Apple Inc. $AAPL is Robertson Stephens Wealth Management LLC’s 6th Largest Position

Robertson Stephens Wealth Management LLC grew its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 423,737 shares of the iPhone maker’s stock after buying an additional 553 shares during the quarter. Apple accounts for 2.8% of Robertson Stephens Wealth Management LLC’s investment portfolio, making the stock its 6th largest holding. Robertson Stephens Wealth Management LLC’s holdings in Apple were worth $86,938,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AAPL. Avid Wealth Partners LLC raised its stake in shares of Apple by 28.3% during the first quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock valued at $935,000 after purchasing an additional 930 shares during the period. Bell & Brown Wealth Advisors LLC boosted its holdings in Apple by 0.4% in the first quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock worth $13,772,000 after purchasing an additional 240 shares during the period. American National Bank & Trust boosted its holdings in Apple by 2.4% in the second quarter. American National Bank & Trust now owns 195,482 shares of the iPhone maker’s stock worth $40,107,000 after purchasing an additional 4,543 shares during the period. Andina Capital Management LLC boosted its holdings in Apple by 209.2% in the first quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock worth $1,507,000 after purchasing an additional 4,591 shares during the period. Finally, Plum Street Advisors LLC boosted its holdings in shares of Apple by 4.0% during the first quarter. Plum Street Advisors LLC now owns 7,889 shares of the iPhone maker’s stock valued at $1,752,000 after acquiring an additional 301 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Up 0.0%

Shares of AAPL stock opened at $270.14 on Thursday. The stock has a market cap of $4.01 trillion, a P/E ratio of 40.99, a price-to-earnings-growth ratio of 2.62 and a beta of 1.08. Apple Inc. has a one year low of $169.21 and a one year high of $277.32. The stock has a fifty day moving average price of $250.78 and a 200 day moving average price of $223.70. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.11. Apple had a return on equity of 170.91% and a net margin of 24.30%.The firm had revenue of $102.47 billion during the quarter, compared to analyst estimates of $101.65 billion. During the same period in the prior year, the company posted $1.64 earnings per share. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Monday, November 10th will be issued a $0.26 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple’s dividend payout ratio (DPR) is currently 13.92%.

Insider Buying and Selling

In other Apple news, CEO Timothy D. Cook sold 129,963 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total value of $33,375,798.03. Following the sale, the chief executive officer owned 3,280,295 shares in the company, valued at approximately $842,412,558.95. The trade was a 3.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was 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 $46,005,982.82. This trade represents a 20.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 259,121 shares of company stock worth $65,358,981 in the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Apple from $290.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Evercore ISI boosted their price objective on Apple from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. DA Davidson boosted their price objective on Apple from $250.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. CLSA upgraded Apple to a “strong-buy” rating in a report on Sunday, October 5th. Finally, BMO Capital Markets reissued a “buy” rating on shares of Apple in a research note on Wednesday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $278.22.

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.