Apple Inc. $AAPL Stock Holdings Trimmed by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,768 shares of the iPhone maker’s stock after selling 1,908 shares during the period. Apple makes up approximately 2.9% of Institute for Wealth Management LLC.’s holdings, making the stock its 2nd largest holding. Institute for Wealth Management LLC.’s holdings in Apple were worth $25,804,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. O ROURKE & COMPANY Inc raised its position in Apple by 58.4% during the second quarter. O ROURKE & COMPANY Inc now owns 80,628 shares of the iPhone maker’s stock valued at $16,542,000 after purchasing an additional 29,715 shares in the last quarter. Requisite Capital Management LLC raised its position in Apple by 16.0% during the second quarter. Requisite Capital Management LLC now owns 5,736 shares of the iPhone maker’s stock valued at $1,177,000 after purchasing an additional 792 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. raised its position in Apple by 2.0% during the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 68,873 shares of the iPhone maker’s stock valued at $14,131,000 after purchasing an additional 1,362 shares in the last quarter. Broadway Wealth Solutions Inc. raised its position in Apple by 13.0% during the second quarter. Broadway Wealth Solutions Inc. now owns 9,393 shares of the iPhone maker’s stock valued at $1,927,000 after purchasing an additional 1,081 shares in the last quarter. Finally, Powers Advisory Group LLC raised its position in Apple by 1.5% during the second quarter. Powers Advisory Group LLC now owns 10,698 shares of the iPhone maker’s stock valued at $2,195,000 after purchasing an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In other Apple news, SVP Katherine L. Adams sold 47,125 shares of the company’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 transaction of $12,101,228.75. Following the transaction, the senior vice president owned 179,158 shares in the company, valued at approximately $46,005,982.82. This represents a 20.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 129,963 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total value of $33,375,798.03. Following the transaction, the chief executive officer owned 3,280,295 shares in the company, valued at $842,412,558.95. This trade represents a 3.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 259,121 shares of company stock worth $65,358,981 in the last quarter. 0.06% of the stock is currently owned by company insiders.

Apple Stock Up 2.0%

Shares of NASDAQ:AAPL opened at $252.29 on Monday. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10. The company has a market cap of $3.74 trillion, a PE ratio of 38.28, a P/E/G ratio of 2.46 and a beta of 1.09. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The stock’s 50-day moving average is $241.13 and its 200 day moving average is $216.91.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. Apple had a return on equity of 170.91% and a net margin of 24.30%.The company had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. During the same quarter in the previous year, the business earned $1.40 EPS. Apple’s revenue was up 9.6% compared to the same quarter last year. Sell-side analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple’s payout ratio is currently 15.78%.

Analyst Ratings Changes

AAPL has been the topic of a number of research reports. Jefferies Financial Group downgraded Apple from a “hold” rating to an “underperform” rating and lowered their price target for the company from $205.82 to $205.16 in a research report on Friday, October 3rd. HSBC set a $220.00 price objective on Apple and gave the stock a “hold” rating in a report on Monday, September 8th. 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. Monness Crespi & Hardt lifted their price objective on Apple from $245.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Finally, UBS Group reiterated a “neutral” rating on shares of Apple in a report on Monday, September 8th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $248.29.

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.