Cassady Schiller Wealth Management LLC Raises Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Cassady Schiller Wealth Management LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 0.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 22,507 shares of the iPhone maker’s stock after acquiring an additional 73 shares during the quarter. Apple accounts for about 1.9% of Cassady Schiller Wealth Management LLC’s holdings, making the stock its 7th biggest holding. Cassady Schiller Wealth Management LLC’s holdings in Apple were worth $5,244,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Bull Oak Capital LLC grew its holdings in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares during the last quarter. Hershey Financial Advisers LLC purchased a new stake in Apple during the 2nd quarter valued at $42,000. Christopher J. Hasenberg Inc grew its holdings in Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares during the last quarter. ARK Investment Management LLC purchased a new position in shares of Apple in the third quarter valued at about $110,000. Finally, Cordant Inc. increased its position in shares of Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock valued at $158,000 after acquiring an additional 173 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Transactions at Apple

In related news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was 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. This trade represents a 21.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Apple Trading Down 0.4 %

NASDAQ:AAPL opened at $222.78 on Friday. The company has a market cap of $3.35 trillion, a PE ratio of 36.64, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The company has a 50 day simple moving average of $240.97 and a two-hundred day simple moving average of $230.72. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10.

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

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s payout ratio is currently 16.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AAPL shares. Wells Fargo & Company lifted their price objective on Apple to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Wedbush reiterated an “outperform” rating and issued a $325.00 price target on shares of Apple in a report on Thursday. Jefferies Financial Group lowered shares of Apple from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $211.84 to $200.75 in a report on Tuesday. Moffett Nathanson reiterated a “sell” rating and set a $188.00 price target (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Finally, Maxim Group raised their price objective on shares of Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.05.

About Apple

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.