Measured Wealth Private Client Group LLC Sells 2,010 Shares of Apple Inc. (NASDAQ:AAPL)

Measured Wealth Private Client Group LLC decreased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 8.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,318 shares of the iPhone maker’s stock after selling 2,010 shares during the quarter. Apple comprises about 1.7% of Measured Wealth Private Client Group LLC’s portfolio, making the stock its 12th largest holding. Measured Wealth Private Client Group LLC’s holdings in Apple were worth $4,967,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Lantz Financial LLC boosted its position in shares of Apple by 8.6% during the 2nd quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock valued at $6,266,000 after acquiring an additional 2,361 shares during the last quarter. Diversify Advisory Services LLC raised its stake in Apple by 3.9% during the second quarter. Diversify Advisory Services LLC now owns 288,767 shares of the iPhone maker’s stock valued at $66,035,000 after purchasing an additional 10,951 shares in the last quarter. Congress Park Capital LLC lifted its position in Apple by 2.7% during the second quarter. Congress Park Capital LLC now owns 46,905 shares of the iPhone maker’s stock valued at $9,879,000 after purchasing an additional 1,254 shares during the last quarter. FSM Wealth Advisors LLC grew its stake in shares of Apple by 1.5% in the 2nd quarter. FSM Wealth Advisors LLC now owns 38,446 shares of the iPhone maker’s stock worth $8,098,000 after buying an additional 572 shares in the last quarter. Finally, Cypress Wealth Services LLC increased its holdings in shares of Apple by 0.5% in the 2nd quarter. Cypress Wealth Services LLC now owns 132,701 shares of the iPhone maker’s stock worth $27,950,000 after buying an additional 725 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several recent research reports. Bank of America lifted their price target on Apple to $256.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $265.00 target price on shares of Apple in a research report on Tuesday, September 10th. Oppenheimer restated a “buy” rating and issued a $250.00 price target on shares of Apple in a research report on Tuesday, October 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 price objective on shares of Apple in a research note on Tuesday, December 10th. Finally, Citigroup raised their target price on shares of Apple to $185.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $237.47.

Insider Buying and Selling

In related news, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction that occurred on Friday, October 4th. The shares were 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 directly owns 107,788 shares in the company, valued at $24,416,137.76. This trade represents a 35.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 163,435 shares of company stock worth $39,376,002 in the last ninety days. 0.06% of the stock is owned by insiders.

Apple Stock Performance

AAPL stock opened at $250.42 on Thursday. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The firm has a market cap of $3.79 trillion, a price-to-earnings ratio of 41.19, a PEG ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The firm has a 50-day simple moving average of $238.41 and a two-hundred day simple moving average of $228.58.

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

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.40%. Apple’s payout ratio is 16.45%.

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.