Apple Inc. (AAPL) is Evermay Wealth Management LLC’s 10th Largest Position
Evermay Wealth Management LLC lowered its position in Apple Inc. (NASDAQ:AAPL) by 2.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,500 shares of the iPhone maker’s stock after selling 532 shares during the period. Apple accounts for 1.4% of Evermay Wealth Management LLC’s portfolio, making the stock its 10th largest holding. Evermay Wealth Management LLC’s holdings in Apple were worth $3,240,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Blue Sky Asset Management LLC acquired a new position in Apple during the second quarter valued at approximately $108,000. Hefty Wealth Partners grew its holdings in Apple by 27.6% during the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 174 shares during the last quarter. American Beacon Advisors Inc. acquired a new position in Apple during the first quarter valued at approximately $117,000. Armbruster Capital Management Inc. grew its holdings in Apple by 9.4% during the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after purchasing an additional 78 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in Apple during the second quarter valued at approximately $149,000. Hedge funds and other institutional investors own 59.87% of the company’s stock.
AAPL has been the topic of several analyst reports. Barclays PLC reiterated a “hold” rating and set a $146.00 price target on shares of Apple in a report on Monday, September 4th. Royal Bank Of Canada reiterated an “outperform” rating and set a $180.00 price target on shares of Apple in a report on Monday, September 11th. Morgan Stanley reissued an “overweight” rating and issued a $194.00 price objective (up from $182.00) on shares of Apple in a research report on Tuesday, September 12th. Macquarie increased their price objective on Apple from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Finally, Atlantic Securities set a $175.00 price objective on Apple and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Seven investment analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $200.28.
In other Apple news, insider Philip W. Schiller sold 56,808 shares of Apple stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $154.70, for a total transaction of $8,788,197.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction on Monday, August 28th. The shares were sold at an average price of $160.63, for a total value of $43,148,912.49. The disclosure for this sale can be found here. Over the last three months, insiders have sold 410,352 shares of company stock valued at $65,356,512. Company insiders own 0.08% of the company’s stock.
Apple Inc. (NASDAQ AAPL) opened at $174.97 on Friday. The company has a market capitalization of $898,299.25, a price-to-earnings ratio of 19.02, a P/E/G ratio of 1.40 and a beta of 1.23. Apple Inc. has a 12-month low of $108.25 and a 12-month high of $176.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.20. The company had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. The business’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the business earned $1.50 earnings per share. analysts predict that Apple Inc. will post 11.18 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.44%. Apple’s payout ratio is presently 27.39%.
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Apple Company Profile
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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