Schneider Downs Wealth Management Advisors LP Sells 1,003 Shares of Apple Inc. (NASDAQ:AAPL)

Schneider Downs Wealth Management Advisors LP lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 39,425 shares of the iPhone maker’s stock after selling 1,003 shares during the quarter. Apple accounts for 1.8% of Schneider Downs Wealth Management Advisors LP’s holdings, making the stock its 13th biggest holding. Schneider Downs Wealth Management Advisors LP’s holdings in Apple were worth $8,304,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Central Valley Advisors LLC grew its position in Apple by 0.8% in the 1st quarter. Central Valley Advisors LLC now owns 64,950 shares of the iPhone maker’s stock valued at $11,137,000 after acquiring an additional 544 shares during the last quarter. Bourne Lent Asset Management Inc. grew its position in shares of Apple by 0.3% during the 1st quarter. Bourne Lent Asset Management Inc. now owns 136,067 shares of the iPhone maker’s stock worth $23,333,000 after buying an additional 420 shares in the last quarter. Legacy Wealth Management Inc bought a new position in shares of Apple during the 1st quarter worth $323,000. Retirement Planning Group LLC grew its position in shares of Apple by 6.5% during the 1st quarter. Retirement Planning Group LLC now owns 91,275 shares of the iPhone maker’s stock worth $15,652,000 after buying an additional 5,596 shares in the last quarter. Finally, Community Bank of Raymore grew its position in shares of Apple by 8.6% during the 1st quarter. Community Bank of Raymore now owns 22,534 shares of the iPhone maker’s stock worth $3,864,000 after buying an additional 1,785 shares in the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Stock Up 0.9 %

Shares of AAPL stock opened at $233.40 on Tuesday. The stock has a 50 day moving average of $227.01 and a 200 day moving average of $211.05. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The stock has a market cap of $3.58 trillion, a P/E ratio of 36.30, a P/E/G ratio of 2.40 and a beta of 1.24. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.06. The company had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. Apple’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned $1.26 earnings per share. As a group, sell-side analysts expect that Apple Inc. will post 6.65 EPS for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.43%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio is currently 15.55%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AAPL shares. Moffett Nathanson started coverage on Apple in a research report on Monday, August 19th. They set a “neutral” rating and a $211.00 price target on the stock. UBS Group reissued a “hold” rating and set a $236.00 price target on shares of Apple in a research report on Wednesday, October 16th. Rosenblatt Securities reissued a “buy” rating and set a $261.00 price target on shares of Apple in a research report on Tuesday, September 10th. StockNews.com raised Apple from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd. Finally, Piper Sandler reissued a “neutral” rating and set a $225.00 price target on shares of Apple in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $235.91.

Insider Activity at Apple

In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was 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 directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 517,924 shares of company stock worth $114,786,399. 0.06% of the stock is owned by corporate 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.