Pine Harbor Wealth Management LLC Has $5.22 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Pine Harbor Wealth Management LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,782 shares of the iPhone maker’s stock after purchasing an additional 906 shares during the quarter. Apple comprises 3.1% of Pine Harbor Wealth Management LLC’s holdings, making the stock its 8th largest holding. Pine Harbor Wealth Management LLC’s holdings in Apple were worth $5,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. Tlwm lifted its holdings in shares of Apple by 15.3% during the 1st quarter. Tlwm now owns 15,708 shares of the iPhone maker’s stock valued at $2,694,000 after purchasing an additional 2,083 shares during the last quarter. Thrive Wealth Management LLC increased its position in Apple by 1.3% during the 1st quarter. Thrive Wealth Management LLC now owns 43,669 shares of the iPhone maker’s stock valued at $7,488,000 after buying an additional 563 shares in the last quarter. 180 Wealth Advisors LLC boosted its holdings in Apple by 1.7% in the first quarter. 180 Wealth Advisors LLC now owns 107,285 shares of the iPhone maker’s stock worth $18,397,000 after acquiring an additional 1,803 shares in the last quarter. Stokes Capital Advisors LLC boosted its holdings in Apple by 4.0% in the first quarter. Stokes Capital Advisors LLC now owns 49,740 shares of the iPhone maker’s stock worth $8,529,000 after acquiring an additional 1,896 shares in the last quarter. Finally, Hengehold Capital Management LLC increased its holdings in shares of Apple by 2.7% during the first quarter. Hengehold Capital Management LLC now owns 25,630 shares of the iPhone maker’s stock valued at $4,395,000 after acquiring an additional 664 shares in the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insiders Place Their Bets

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This represents 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 available through this hyperlink. In other Apple news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction on 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 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction dated 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 completion of the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. This trade represents 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. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Down 1.3 %

Shares of NASDAQ:AAPL opened at $222.91 on Friday. The business’s 50 day moving average price is $227.18 and its 200-day moving average price is $212.33. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The firm has a market capitalization of $3.39 trillion, a price-to-earnings ratio of 33.93, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.15. Apple had a net margin of 26.44% and a return on equity of 147.15%. The business had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same period last year, the firm posted $1.46 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts forecast that Apple Inc. will post 6.6 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Friday, November 8th. Apple’s payout ratio is 15.22%.

Analyst Ratings Changes

Several equities analysts recently commented on AAPL shares. StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a research report on Friday. Maxim Group boosted their price objective on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a report on Friday. Wedbush reissued an “outperform” rating and set a $285.00 price objective on shares of Apple in a report on Monday, September 9th. Robert W. Baird raised their target price on Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, TD Cowen increased their price objective on Apple from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $236.23.

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.