Iams Wealth Management LLC Has $2.78 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Iams Wealth Management LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 16.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,937 shares of the iPhone maker’s stock after purchasing an additional 1,648 shares during the quarter. Apple comprises about 1.4% of Iams Wealth Management LLC’s portfolio, making the stock its 14th biggest holding. Iams Wealth Management LLC’s holdings in Apple were worth $2,781,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AAPL. China Universal Asset Management Co. Ltd. increased its position in shares of Apple by 127.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock worth $12,943,000 after purchasing an additional 42,282 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of Apple by 176.2% during the 1st quarter. Meeder Asset Management Inc. now owns 75,737 shares of the iPhone maker’s stock worth $12,987,000 after purchasing an additional 48,312 shares during the last quarter. Meeder Advisory Services Inc. increased its holdings in shares of Apple by 1.4% during the 1st quarter. Meeder Advisory Services Inc. now owns 241,410 shares of the iPhone maker’s stock worth $41,397,000 after acquiring an additional 3,442 shares during the last quarter. Donoghue Forlines LLC increased its holdings in shares of Apple by 45.1% during the 1st quarter. Donoghue Forlines LLC now owns 19,705 shares of the iPhone maker’s stock worth $3,379,000 after acquiring an additional 6,124 shares during the last quarter. Finally, Delta Financial Advisors LLC increased its holdings in shares of Apple by 1.4% during the 1st quarter. Delta Financial Advisors LLC now owns 70,399 shares of the iPhone maker’s stock worth $12,072,000 after acquiring an additional 968 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Buying and Selling

In other news, CFO Luca Maestri sold 59,305 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. This represents a 35.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 408,170 shares of company stock worth $92,007,745 in the last ninety days. 0.06% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Jefferies Financial Group lowered Apple from a “buy” rating to a “hold” rating and boosted their target price for the stock from $205.00 to $212.92 in a report on Monday, October 7th. UBS Group reissued a “neutral” rating and set a $236.00 target price on shares of Apple in a report on Monday. New Street Research reissued a “neutral” rating and set a $225.00 target price on shares of Apple in a report on Wednesday, September 25th. Bank of America boosted their target price on Apple to $256.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $265.00 target price on shares of Apple in a report on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating, twelve 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $235.68.

Apple Price Performance

Shares of AAPL stock opened at $243.01 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $244.11. The company has a market cap of $3.67 trillion, a P/E ratio of 39.97, a P/E/G ratio of 2.35 and a beta of 1.23. The business has a fifty day simple moving average of $229.92 and a 200 day simple moving average of $220.90.

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

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. Apple’s dividend payout ratio is currently 16.45%.

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.