Blue Bell Private Wealth Management LLC Has $4.14 Million Position in Apple Inc. (NASDAQ:AAPL)

Blue Bell Private Wealth Management LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 19,646 shares of the iPhone maker’s stock after purchasing an additional 94 shares during the quarter. Apple comprises 0.9% of Blue Bell Private Wealth Management LLC’s holdings, making the stock its 19th biggest position. Blue Bell Private Wealth Management LLC’s holdings in Apple were worth $4,138,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of AAPL. Access Investment Management LLC acquired a new stake in shares of Apple in the 1st quarter valued at about $140,000. Hoese & Co LLP raised its position in Apple by 6.7% in the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after buying an additional 57 shares during the last quarter. Sage Financial Group Inc. bought a new stake in Apple in the 2nd quarter valued at approximately $206,000. Benchmark Wealth Management LLC acquired a new position in Apple during the 2nd quarter worth approximately $208,000. Finally, Sequent Asset Management LLC bought 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.

Apple Trading Up 1.2 %

AAPL stock opened at $235.00 on Monday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.49. The company has a market capitalization of $3.60 trillion, a PE ratio of 36.55, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24. The company’s 50-day simple moving average is $225.78 and its 200 day simple moving average is $208.38. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping the consensus estimate of $1.34 by $0.06. The company had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $1.26 earnings per share. As a group, sell-side analysts anticipate that Apple Inc. will post 6.65 earnings per share for the current year.

Apple Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently commented on AAPL. Robert W. Baird boosted their price objective on shares of Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. The Goldman Sachs Group boosted their price target on shares of Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. StockNews.com cut Apple from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. New Street Research reaffirmed a “neutral” rating and issued a $225.00 target price on shares of Apple in a research report on Wednesday, September 25th. Finally, Citigroup reissued a “buy” rating and set a $255.00 price target on shares of Apple in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.27.

Insider Activity

In related news, CFO Luca Maestri sold 59,305 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the transaction, the chief financial officer now owns 107,788 shares of the company’s stock, valued at $24,416,137.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Apple news, CFO Luca Maestri sold 59,305 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the completion of the transaction, the chief financial officer now directly owns 107,788 shares in the company, valued at $24,416,137.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the sale, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 517,924 shares of company stock worth $114,786,399. 0.06% of the stock is currently owned by company insiders.

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.