Schwallier Wealth Management LLC Purchases 83 Shares of Apple Inc. (NASDAQ:AAPL)

Schwallier Wealth Management LLC grew its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,676 shares of the iPhone maker’s stock after acquiring an additional 83 shares during the quarter. Apple comprises approximately 0.4% of Schwallier Wealth Management LLC’s holdings, making the stock its 20th largest holding. Schwallier Wealth Management LLC’s holdings in Apple were worth $624,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. International Assets Investment Management LLC lifted its holdings in shares of Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after acquiring an additional 93,886,664 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Apple by 5.5% during the second quarter. Dimensional Fund Advisors LP now owns 52,981,808 shares of the iPhone maker’s stock valued at $11,160,183,000 after buying an additional 2,785,807 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Apple by 6.7% in the second quarter. Ameriprise Financial Inc. now owns 51,765,589 shares of the iPhone maker’s stock worth $10,909,457,000 after buying an additional 3,245,281 shares during the period. American Century Companies Inc. lifted its stake in shares of Apple by 3.2% during the 2nd quarter. American Century Companies Inc. now owns 34,619,614 shares of the iPhone maker’s stock worth $7,291,583,000 after acquiring an additional 1,065,759 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Apple by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 34,486,195 shares of the iPhone maker’s stock valued at $8,035,283,000 after acquiring an additional 432,140 shares during the period. Institutional investors own 67.73% of the company’s stock.

Apple Stock Up 3.2 %

Shares of AAPL stock opened at $229.82 on Tuesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The firm has a market capitalization of $3.46 trillion, a PE ratio of 37.80, a P/E/G ratio of 2.19 and a beta of 1.20. The stock’s 50-day simple moving average is $240.93 and its 200-day simple moving average is $230.68.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (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 analyst estimates of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. Apple’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $1.46 EPS. Equities analysts expect that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. UBS Group reiterated a “neutral” rating and set a $236.00 target price on shares of Apple in a research report on Monday, December 2nd. StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Barclays dropped their price objective on Apple from $184.00 to $183.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $273.00 target price on shares of Apple in a report on Friday, December 13th. Finally, Raymond James raised their price target on Apple to $250.00 and gave the company a “buy” rating in a research note on Monday, January 20th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $238.05.

Insider Buying and Selling at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

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.