Jeppson Wealth Management LLC Has $21.12 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Jeppson Wealth Management LLC trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,285 shares of the iPhone maker’s stock after selling 316 shares during the quarter. Apple comprises 8.1% of Jeppson Wealth Management LLC’s holdings, making the stock its biggest position. Jeppson Wealth Management LLC’s holdings in Apple were worth $21,122,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Lantz Financial LLC grew its holdings in Apple by 6.3% during the first quarter. Lantz Financial LLC now owns 27,390 shares of the iPhone maker’s stock worth $4,697,000 after acquiring an additional 1,615 shares during the period. Compass Financial Group INC SD boosted its position in shares of Apple by 3.8% during the 1st quarter. Compass Financial Group INC SD now owns 14,893 shares of the iPhone maker’s stock valued at $2,554,000 after purchasing an additional 543 shares in the last quarter. Legacy Financial Strategies LLC grew its stake in shares of Apple by 2.3% in the 1st quarter. Legacy Financial Strategies LLC now owns 28,751 shares of the iPhone maker’s stock worth $4,930,000 after purchasing an additional 649 shares during the last quarter. American National Bank raised its holdings in shares of Apple by 14.1% in the 1st quarter. American National Bank now owns 192,245 shares of the iPhone maker’s stock worth $32,966,000 after purchasing an additional 23,827 shares in the last quarter. Finally, BCS Wealth Management raised its holdings in shares of Apple by 21.8% in the 1st quarter. BCS Wealth Management now owns 35,178 shares of the iPhone maker’s stock worth $6,032,000 after purchasing an additional 6,285 shares in the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the transaction, the insider now owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Jeffrey E. Williams sold 59,730 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total value of $13,550,347.80. Following the sale, the chief operating officer now owns 489,944 shares in the company, valued at approximately $111,148,695.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the transaction, the insider now owns 24,125 shares of the company’s stock, valued at approximately $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. Over the last ninety days, insiders have sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is owned by insiders.

Apple Stock Up 0.6 %

Shares of Apple stock opened at $236.48 on Tuesday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.49. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The stock has a 50 day moving average price of $226.16 and a two-hundred day moving average price of $208.86. The stock has a market capitalization of $3.63 trillion, a P/E ratio of 36.78, a PEG ratio of 2.40 and a beta of 1.24.

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

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio (DPR) is 15.55%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AAPL shares. Wedbush restated an “outperform” rating and issued a $285.00 price target on shares of Apple in a research report on Monday, September 9th. TD Cowen boosted their target price on Apple from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. New Street Research reaffirmed a “neutral” rating and set a $225.00 target price on shares of Apple in a report on Wednesday, September 25th. Moffett Nathanson started coverage on Apple in a research note on Monday, August 19th. They issued a “neutral” rating and a $211.00 price target on the stock. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $265.00 price objective on shares of Apple in a research note on Tuesday, September 10th. One investment 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $239.27.

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.