Defined Wealth Management LLC Has $2.25 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Defined Wealth Management LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,690 shares of the iPhone maker’s stock after buying an additional 247 shares during the quarter. Apple accounts for about 1.6% of Defined Wealth Management LLC’s holdings, making the stock its 19th biggest position. Defined Wealth Management LLC’s holdings in Apple were worth $2,252,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AAPL. Stableford Capital II LLC lifted its stake in Apple by 0.3% during the 1st quarter. Stableford Capital II LLC now owns 17,156 shares of the iPhone maker’s stock valued at $2,942,000 after acquiring an additional 59 shares in the last quarter. Perpetual Ltd raised its holdings in shares of Apple by 80.5% in the first quarter. Perpetual Ltd now owns 102,489 shares of the iPhone maker’s stock valued at $17,575,000 after purchasing an additional 45,701 shares during the last quarter. Signal Advisors Wealth LLC raised its holdings in shares of Apple by 66.6% in the first quarter. Signal Advisors Wealth LLC now owns 31,446 shares of the iPhone maker’s stock valued at $5,392,000 after purchasing an additional 12,568 shares during the last quarter. Thomasville National Bank lifted its position in shares of Apple by 0.5% during the first quarter. Thomasville National Bank now owns 293,179 shares of the iPhone maker’s stock valued at $50,274,000 after purchasing an additional 1,346 shares in the last quarter. Finally, Fulton Bank N.A. boosted its holdings in Apple by 1.1% during the first quarter. Fulton Bank N.A. now owns 287,242 shares of the iPhone maker’s stock worth $49,256,000 after purchasing an additional 3,118 shares during the last quarter. 60.41% of the stock is owned by institutional investors.

Apple Stock Performance

Apple stock opened at $235.00 on Monday. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.49. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The firm 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 firm’s 50 day simple moving average is $225.78 and its 200 day simple moving average is $208.38.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.06. The firm 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 quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 earnings per share. As a group, analysts expect that Apple Inc. will post 6.65 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Analyst Ratings Changes

Several research firms have commented on AAPL. TD Cowen increased their price objective on shares of Apple from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Tigress Financial increased their price target on Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 28th. The Goldman Sachs Group lifted their price target on Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Oppenheimer restated a “buy” rating and issued a $250.00 price objective on shares of Apple in a research note on Tuesday, October 1st. Finally, Evercore ISI reiterated a “buy” rating and set a $250.00 target price on shares of Apple in a research note on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $239.27.

Insider Transactions at Apple

In related news, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were 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 directly owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the transaction, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is owned by corporate insiders.

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.