TMD Wealth Management LLC Cuts Stock Holdings in Apple Inc. (NASDAQ:AAPL)

TMD Wealth Management LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 9.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,959 shares of the iPhone maker’s stock after selling 2,195 shares during the quarter. Apple accounts for 1.0% of TMD Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding. TMD Wealth Management LLC’s holdings in Apple were worth $4,625,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parallel Advisors LLC boosted its holdings in Apple by 4.7% during the 2nd quarter. Parallel Advisors LLC now owns 816,873 shares of the iPhone maker’s stock worth $172,050,000 after acquiring an additional 36,731 shares during the last quarter. Dai ichi Life Insurance Company Ltd lifted its position in shares of Apple by 3.4% during the second quarter. Dai ichi Life Insurance Company Ltd now owns 784,315 shares of the iPhone maker’s stock valued at $165,192,000 after purchasing an additional 25,632 shares in the last quarter. O Neil Global Advisors Inc. bought a new position in shares of Apple during the second quarter valued at about $2,475,000. Kuhn & Co Investment Counsel boosted its holdings in Apple by 0.7% during the second quarter. Kuhn & Co Investment Counsel now owns 19,511 shares of the iPhone maker’s stock worth $4,109,000 after purchasing an additional 135 shares during the last quarter. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. bought a new stake in Apple in the 2nd quarter worth about $219,000. 60.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was 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 of the company’s stock, valued at $111,148,695.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, COO Jeffrey E. Williams sold 59,730 shares of the 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 transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $111,148,695.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the sale, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 517,924 shares of company stock worth $114,786,399 over the last ninety days. 0.06% of the stock is owned by corporate insiders.

Apple Price Performance

AAPL stock opened at $225.91 on Friday. The firm has a 50 day moving average of $227.26 and a 200-day moving average of $211.69. The firm has a market capitalization of $3.43 trillion, a P/E ratio of 34.39, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24. Apple Inc. has a 12 month low of $164.07 and a 12 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.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating the consensus estimate of $1.34 by $0.06. The firm had revenue of $85.78 billion during 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 business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $1.26 EPS. As a group, sell-side analysts predict that Apple Inc. will post 6.65 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Analyst Upgrades and Downgrades

AAPL has been the topic of several recent analyst reports. Maxim Group reissued a “hold” rating and set a $203.00 target price on shares of Apple in a research report on Tuesday, September 10th. Tigress Financial lifted their price target on Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 28th. Barclays reissued an “underweight” rating and issued a $186.00 price objective on shares of Apple in a research report on Tuesday, October 1st. UBS Group reaffirmed a “hold” rating and set a $236.00 target price on shares of Apple in a research report on Wednesday, October 16th. Finally, New Street Research reissued a “neutral” rating and issued a $225.00 price target on shares of Apple in a report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $235.91.

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.