CMH Wealth Management LLC Sells 483 Shares of Apple Inc. (NASDAQ:AAPL)

CMH Wealth Management LLC trimmed its position in Apple Inc. (NASDAQ:AAPL) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,983 shares of the iPhone maker’s stock after selling 483 shares during the quarter. Apple makes up 5.4% of CMH Wealth Management LLC’s investment portfolio, making the stock its 4th largest position. CMH Wealth Management LLC’s holdings in Apple were worth $22,138,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AAPL. Conservest Capital Advisors Inc. increased its stake in Apple by 0.3% in the 3rd quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock valued at $2,877,000 after buying an additional 55 shares during the last quarter. High Pines Wealth Management LLC grew its position in shares of Apple by 0.7% in the 4th quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock valued at $1,638,000 after acquiring an additional 58 shares during the period. Kraft Davis & Associates LLC grew its position in shares of Apple by 0.9% in the 3rd quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock valued at $1,155,000 after acquiring an additional 59 shares during the period. Asset Planning Corporation grew its position in shares of Apple by 1.0% in the 4th quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock valued at $1,181,000 after acquiring an additional 59 shares during the period. Finally, MKT Advisors LLC grew its position in shares of Apple by 0.5% in the 2nd quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock valued at $1,777,000 after acquiring an additional 60 shares during the period. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the sale, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the sale, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey E. Williams sold 59,162 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the sale, the chief operating officer now directly owns 489,944 shares in the company, valued at $84,378,155.68. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock worth $63,653,887 in the last three months. 0.06% of the stock is owned by corporate insiders.

Apple Price Performance

AAPL stock opened at $168.00 on Thursday. The company has a 50 day simple moving average of $175.57 and a 200 day simple moving average of $182.21. The stock has a market cap of $2.59 trillion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 2.08 and a beta of 1.27. Apple Inc. has a 1 year low of $162.80 and a 1 year high of $199.62. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The business had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.88 EPS. Research analysts anticipate that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio is 14.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AAPL shares. Monness Crespi & Hardt lifted their price objective on shares of Apple from $189.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Oppenheimer reissued an “outperform” rating and issued a $200.00 price objective on shares of Apple in a research report on Friday, February 2nd. Loop Capital reduced their target price on shares of Apple from $185.00 to $170.00 and set a “hold” rating for the company in a report on Monday, April 1st. UBS Group reaffirmed a “hold” rating and set a $190.00 target price on shares of Apple in a report on Monday, March 25th. Finally, Wedbush reaffirmed an “outperform” rating and set a $250.00 target price on shares of Apple in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $203.34.

About Apple

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.