Apple Inc. $AAPL Stake Trimmed by Mowery & Schoenfeld Wealth Management LLC

Mowery & Schoenfeld Wealth Management LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,008 shares of the iPhone maker’s stock after selling 304 shares during the period. Apple makes up approximately 4.7% of Mowery & Schoenfeld Wealth Management LLC’s portfolio, making the stock its 4th largest position. Mowery & Schoenfeld Wealth Management LLC’s holdings in Apple were worth $3,079,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AAPL. Avid Wealth Partners LLC lifted its position in shares of Apple by 28.3% during the 1st quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock worth $935,000 after purchasing an additional 930 shares during the last quarter. Bell & Brown Wealth Advisors LLC increased its holdings in Apple by 0.4% in the first quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock valued at $13,772,000 after buying an additional 240 shares during the last quarter. American National Bank & Trust raised its stake in Apple by 2.4% in the second quarter. American National Bank & Trust now owns 195,482 shares of the iPhone maker’s stock valued at $40,107,000 after buying an additional 4,543 shares in the last quarter. Andina Capital Management LLC lifted its holdings in Apple by 209.2% during the 1st quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock worth $1,507,000 after buying an additional 4,591 shares during the last quarter. Finally, Plum Street Advisors LLC boosted its position in shares of Apple by 4.0% during the 1st quarter. Plum Street Advisors LLC now owns 7,889 shares of the iPhone maker’s stock worth $1,752,000 after acquiring an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Up 2.2%

AAPL stock opened at $275.25 on Wednesday. The stock has a market capitalization of $4.07 trillion, a PE ratio of 41.77, a price-to-earnings-growth ratio of 2.62 and a beta of 1.08. The company has a fifty day moving average of $253.91 and a 200-day moving average of $225.75. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a one year low of $169.21 and a one year high of $277.32.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.11. The business had revenue of $102.47 billion for the quarter, compared to analyst estimates of $101.65 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.64 earnings per share. As a group, analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Monday, November 10th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, November 10th. Apple’s dividend payout ratio is 13.92%.

Insiders Place Their Bets

In other news, SVP Katherine L. Adams sold 47,125 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total value of $12,101,228.75. Following the completion of the sale, the senior vice president directly owned 179,158 shares of the company’s stock, valued at $46,005,982.82. This trade represents a 20.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 43,013 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total value of $11,071,116.07. Following the transaction, the senior vice president directly owned 136,687 shares in the company, valued at $35,181,866.93. This represents a 23.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 224,300 shares of company stock valued at $57,586,933 over the last 90 days. 0.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on AAPL shares. Phillip Securities downgraded Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 price objective on the stock. in a report on Thursday, September 11th. Rosenblatt Securities increased their price target on shares of Apple from $241.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. BMO Capital Markets reissued a “buy” rating on shares of Apple in a report on Wednesday, August 13th. DA Davidson boosted their price objective on shares of Apple from $250.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Cowen reaffirmed a “buy” rating on shares of Apple in a research report on Monday, October 27th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $278.22.

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.