Eads & Heald Wealth Management Has $3.47 Million Position in Apple Inc. (NASDAQ:AAPL)

Eads & Heald Wealth Management reduced its stake in Apple Inc. (NASDAQ:AAPL) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,487 shares of the iPhone maker’s stock after selling 618 shares during the period. Apple makes up approximately 1.7% of Eads & Heald Wealth Management’s holdings, making the stock its 4th largest holding. Eads & Heald Wealth Management’s holdings in Apple were worth $3,472,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AAPL. Norges Bank bought a new stake in Apple during the fourth quarter worth about $33,912,466,000. Vanguard Group Inc. grew its position in Apple by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 1,318,064,349 shares of the iPhone maker’s stock worth $253,766,929,000 after acquiring an additional 18,067,216 shares during the last quarter. Swedbank AB acquired a new stake in Apple during the 1st quarter valued at $3,026,492,000. Global Assets Advisory LLC increased its holdings in Apple by 23,076.4% during the 1st quarter. Global Assets Advisory LLC now owns 9,240,214 shares of the iPhone maker’s stock valued at $1,584,512,000 after purchasing an additional 9,200,345 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Apple by 158.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker’s stock valued at $1,977,582,000 after purchasing an additional 7,067,379 shares during the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Apple

In other news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the transaction, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. The disclosure for this sale can be found here. Insiders sold 113,884 shares of company stock valued at $23,723,887 in the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Maxim Group restated a “hold” rating and issued a $203.00 target price on shares of Apple in a research note on Tuesday, September 10th. Rosenblatt Securities restated a “buy” rating and issued a $261.00 price objective on shares of Apple in a research report on Tuesday, September 10th. KeyCorp reiterated a “hold” rating and set a $247.61 target price on shares of Apple in a research report on Wednesday, August 28th. Piper Sandler reissued a “neutral” rating and issued a $225.00 price target on shares of Apple in a report on Tuesday, September 10th. Finally, StockNews.com raised Apple from a “hold” rating to a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.17.

Apple Trading Down 0.8 %

Shares of NASDAQ:AAPL opened at $226.47 on Tuesday. The firm has a market cap of $3.47 trillion, a price-to-earnings ratio of 35.22, a PEG ratio of 2.62 and a beta of 1.24. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.23. The company’s fifty day simple moving average is $222.25 and its 200 day simple moving average is $200.82. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The company had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 earnings per share. As a group, research analysts forecast that Apple Inc. will post 6.7 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio (DPR) is currently 15.55%.

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.