Aberdeen Wealth Management LLC Has $6.98 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Aberdeen Wealth Management LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,135 shares of the iPhone maker’s stock after purchasing an additional 515 shares during the quarter. Apple comprises approximately 4.7% of Aberdeen Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest position. Aberdeen Wealth Management LLC’s holdings in Apple were worth $6,979,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Access Investment Management LLC bought a new stake in shares of Apple in the first quarter valued at about $140,000. Hoese & Co LLP increased its position in Apple by 6.7% during the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after acquiring an additional 57 shares during the period. Sage Financial Group Inc. acquired a new stake in Apple in the 2nd quarter worth about $206,000. Benchmark Wealth Management LLC bought a new stake in Apple in the 2nd quarter valued at about $208,000. Finally, Sequent Asset Management LLC acquired a new position in shares of Apple during the 2nd quarter worth approximately $214,000. 60.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Moffett Nathanson initiated coverage on shares of Apple in a research report on Monday, August 19th. They issued a “neutral” rating and a $211.00 price target for the company. Oppenheimer reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Apple in a report on Tuesday, October 1st. Morgan Stanley reissued an “overweight” rating and set a $273.00 target price on shares of Apple in a report on Tuesday, September 10th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $265.00 price target on shares of Apple in a research note on Tuesday, September 10th. Finally, Maxim Group reiterated a “hold” rating and set a $203.00 price objective on shares of Apple in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $239.27.

Insider Activity at Apple

In related news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the sale, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the sale, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the sale, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 517,924 shares of company stock worth $114,786,399 over the last ninety days. Insiders own 0.06% of the company’s stock.

Apple Stock Performance

Apple stock opened at $235.00 on Friday. The business has a 50 day moving average of $225.78 and a 200-day moving average of $208.11. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The company has a market capitalization of $3.60 trillion, a P/E ratio of 36.55, a P/E/G ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The company had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts predict that Apple Inc. will post 6.65 earnings per share for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s payout ratio is presently 15.55%.

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.