LWM Advisory Services LLC Has $5.60 Million Position in Apple Inc. (NASDAQ:AAPL)

LWM Advisory Services LLC cut its holdings in Apple Inc. (NASDAQ:AAPL) by 7.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,596 shares of the iPhone maker’s stock after selling 2,264 shares during the period. Apple accounts for 4.7% of LWM Advisory Services LLC’s portfolio, making the stock its 7th largest holding. LWM Advisory Services LLC’s holdings in Apple were worth $5,602,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. GoalVest Advisory LLC increased its position in Apple by 53.1% in the first quarter. GoalVest Advisory LLC now owns 10,835 shares of the iPhone maker’s stock worth $1,858,000 after buying an additional 3,757 shares in the last quarter. Key Client Fiduciary Advisors LLC lifted its position in shares of Apple by 6.1% during the 1st quarter. Key Client Fiduciary Advisors LLC now owns 49,858 shares of the iPhone maker’s stock valued at $8,550,000 after buying an additional 2,886 shares in the last quarter. Aletheian Wealth Advisors LLC grew its stake in shares of Apple by 71.0% during the 1st quarter. Aletheian Wealth Advisors LLC now owns 26,776 shares of the iPhone maker’s stock valued at $4,592,000 after acquiring an additional 11,116 shares during the period. Visionary Horizons LLC increased its holdings in Apple by 1.4% in the 1st quarter. Visionary Horizons LLC now owns 4,780 shares of the iPhone maker’s stock worth $844,000 after acquiring an additional 66 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY raised its stake in Apple by 0.3% during the 1st quarter. Matrix Asset Advisors Inc. NY now owns 139,292 shares of the iPhone maker’s stock worth $23,886,000 after acquiring an additional 432 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Stock Down 1.8 %

NASDAQ:AAPL opened at $225.91 on Friday. The company has a market cap of $3.43 trillion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24. Apple Inc. has a twelve month low of $164.07 and a twelve month 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 stock has a fifty day simple moving average of $227.26 and a 200-day simple moving average of $211.69.

Apple (NASDAQ:AAPL) last posted its quarterly 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 the consensus estimate of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.26 EPS. Analysts anticipate that Apple Inc. will post 6.65 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple’s payout ratio is 15.22%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AAPL shares. Morgan Stanley reiterated an “overweight” rating and issued a $273.00 price target on shares of Apple in a research report on Tuesday, September 10th. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price target on shares of Apple in a research note on Thursday, September 19th. Moffett Nathanson assumed coverage on Apple in a research report on Monday, August 19th. They issued a “neutral” rating and a $211.00 price objective on the stock. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $245.00 price objective on shares of Apple in a research note on Monday, September 9th. Finally, The Goldman Sachs Group lifted their target price on Apple from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $235.91.

Insider Buying and Selling

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of the business’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 transaction of $20,644,000.00. Following the completion of the transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 517,924 shares of company stock valued at $114,786,399 over the last quarter. 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.