Apple Inc. (NASDAQ:AAPL) Stake Lifted by Schnieders Capital Management LLC

Schnieders Capital Management LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,430 shares of the iPhone maker’s stock after acquiring an additional 83 shares during the period. Apple accounts for about 8.6% of Schnieders Capital Management LLC’s investment portfolio, making the stock its largest position. Schnieders Capital Management LLC’s holdings in Apple were worth $41,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of AAPL. Center For Asset Management LLC raised its holdings in Apple by 53.3% in the second quarter. Center For Asset Management LLC now owns 21,898 shares of the iPhone maker’s stock valued at $4,247,000 after buying an additional 7,616 shares during the period. Ilmarinen Mutual Pension Insurance Co raised its holdings in Apple by 8.3% in the first quarter. Ilmarinen Mutual Pension Insurance Co now owns 785,000 shares of the iPhone maker’s stock valued at $129,447,000 after buying an additional 60,000 shares during the period. Arista Wealth Management LLC raised its holdings in Apple by 1.0% in the first quarter. Arista Wealth Management LLC now owns 26,680 shares of the iPhone maker’s stock valued at $4,399,000 after buying an additional 261 shares during the period. Conrad Siegel Investment Advisors Inc. raised its holdings in Apple by 22.2% in the second quarter. Conrad Siegel Investment Advisors Inc. now owns 7,897 shares of the iPhone maker’s stock valued at $1,532,000 after buying an additional 1,436 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in Apple by 2.3% in the first quarter. Thrivent Financial for Lutherans now owns 3,919,534 shares of the iPhone maker’s stock valued at $646,332,000 after buying an additional 89,615 shares during the period. 58.51% of the stock is currently owned by hedge funds and other institutional investors.

Apple Price Performance

Shares of NASDAQ AAPL opened at $191.45 on Tuesday. Apple Inc. has a fifty-two week low of $124.17 and a fifty-two week high of $198.23. The firm’s 50-day simple moving average is $177.15 and its 200 day simple moving average is $181.03. The company has a quick ratio of 0.94, a current ratio of 0.99 and a debt-to-equity ratio of 1.53. The stock has a market cap of $2.98 trillion, a P/E ratio of 31.28, a P/E/G ratio of 2.60 and a beta of 1.30.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $1.46 EPS for the quarter, topping the consensus estimate of $1.39 by $0.07. Apple had a net margin of 25.31% and a return on equity of 160.78%. The firm had revenue of $89.50 billion for the quarter, compared to analysts’ expectations of $89.34 billion. During the same period in the previous year, the business earned $1.29 earnings per share. Apple’s revenue for the quarter was down .7% compared to the same quarter last year. Equities analysts expect that Apple Inc. will post 6.56 EPS for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Friday, November 10th. Apple’s dividend payout ratio (DPR) is presently 15.69%.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 4,806 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $184.04, for a total value of $884,496.24. Following the sale, the insider now directly owns 34,687 shares in the company, valued at $6,383,795.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Apple news, insider Chris Kondo sold 4,806 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $184.04, for a total transaction of $884,496.24. Following the completion of the sale, the insider now directly owns 34,687 shares of the company’s stock, valued at $6,383,795.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Deirdre O’brien sold 65,536 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $172.11, for a total transaction of $11,279,400.96. Following the sale, the senior vice president now directly owns 136,445 shares of the company’s stock, valued at $23,483,548.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 567,839 shares of company stock worth $100,675,794. 0.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AAPL has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of Apple from $210.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, July 24th. KeyCorp reiterated a “sector weight” rating on shares of Apple in a research note on Monday, October 30th. Robert W. Baird lifted their price objective on shares of Apple from $180.00 to $204.00 and gave the company an “outperform” rating in a research note on Tuesday, August 1st. Barclays dropped their price objective on shares of Apple from $167.00 to $166.00 and set an “equal weight” rating on the stock in a research note on Monday, October 30th. Finally, Jefferies Financial Group dropped their price objective on shares of Apple from $220.00 to $195.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $198.25.

Apple 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.