Kwmg LLC Has $5.76 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Kwmg LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,734 shares of the iPhone maker’s stock after buying an additional 189 shares during the period. Kwmg LLC’s holdings in Apple were worth $5,763,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. China Universal Asset Management Co. Ltd. raised its position in Apple by 127.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock valued at $12,943,000 after buying an additional 42,282 shares during the period. Blue Trust Inc. grew its stake in Apple by 0.9% during the 1st quarter. Blue Trust Inc. now owns 128,418 shares of the iPhone maker’s stock valued at $22,021,000 after acquiring an additional 1,106 shares in the last quarter. Peterson Wealth Services increased its holdings in shares of Apple by 1.8% in the 1st quarter. Peterson Wealth Services now owns 96,257 shares of the iPhone maker’s stock valued at $16,506,000 after purchasing an additional 1,688 shares during the period. Fairhaven Wealth Management LLC increased its holdings in shares of Apple by 17.9% in the 1st quarter. Fairhaven Wealth Management LLC now owns 79,503 shares of the iPhone maker’s stock valued at $13,633,000 after purchasing an additional 12,097 shares during the period. Finally, KFA Private Wealth Group LLC lifted its position in shares of Apple by 6.0% in the first quarter. KFA Private Wealth Group LLC now owns 29,304 shares of the iPhone maker’s stock worth $5,025,000 after purchasing an additional 1,648 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on AAPL shares. Melius Research reaffirmed a “buy” rating and set a $265.00 price objective on shares of Apple in a research report on Tuesday, August 27th. StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Morgan Stanley reissued an “overweight” rating and set a $273.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $245.00 target price on shares of Apple in a research report on Monday, September 9th. Finally, Moffett Nathanson reduced their price target on Apple from $211.00 to $202.00 and set a “neutral” rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $235.25.

Apple Stock Performance

NASDAQ AAPL opened at $229.87 on Friday. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.49. The firm has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 37.81, a P/E/G ratio of 2.24 and a beta of 1.24. The company’s fifty day moving average is $227.73 and its two-hundred day moving average is $217.81. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $1.46 EPS. Equities research analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. Apple’s dividend payout ratio is currently 16.45%.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 61,019 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the transaction, the senior vice president now directly owns 187,043 shares in the company, valued at $42,309,126.60. This represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 408,170 shares of company stock valued at $92,007,745 in the last 90 days. 0.06% of the stock is currently owned by company 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.