McNaughton Wealth Management LLC Sells 91 Shares of Apple Inc. (NASDAQ:AAPL)

McNaughton Wealth Management LLC trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,035 shares of the iPhone maker’s stock after selling 91 shares during the period. Apple comprises approximately 1.0% of McNaughton Wealth Management LLC’s investment portfolio, making the stock its 28th biggest position. McNaughton Wealth Management LLC’s holdings in Apple were worth $2,012,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. State Street Corp lifted its stake in shares of Apple by 10.6% in the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after acquiring an additional 55,935,105 shares during the period. FMR LLC increased its position in Apple by 5.3% during the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after purchasing an additional 18,224,005 shares during the period. Geode Capital Management LLC raised its holdings in Apple by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock worth $77,542,863,000 after purchasing an additional 20,483,787 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock worth $22,121,656,000 after purchasing an additional 5,893,741 shares during the period. Finally, International Assets Investment Management LLC boosted its stake 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 valued at $219,829,700,000 after purchasing an additional 93,886,664 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

AAPL opened at $247.10 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The company’s 50-day moving average price is $240.39 and its 200 day moving average price is $233.12. 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 cap of $3.71 trillion, a price-to-earnings ratio of 39.22, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, sell-side analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. Apple’s payout ratio is presently 15.87%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Redburn Partners set a $230.00 target price on shares of Apple in a research note on Friday, January 31st. Rosenblatt Securities reissued a “buy” rating and issued a $262.00 price objective on shares of Apple in a research note on Monday, January 27th. TD Cowen restated a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Wells Fargo & Company lifted their target price on Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Maxim Group increased their price target on Apple to $215.00 and gave the stock a “hold” rating in a report on Friday. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.85.

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.