Silvia Mccoll Wealth Management LLC Has $9.59 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Silvia Mccoll Wealth Management LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 16.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 41,139 shares of the iPhone maker’s stock after selling 8,329 shares during the quarter. Apple comprises approximately 7.2% of Silvia Mccoll Wealth Management LLC’s holdings, making the stock its 2nd biggest position. Silvia Mccoll Wealth Management LLC’s holdings in Apple were worth $9,585,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AAPL. China Universal Asset Management Co. Ltd. boosted its position in shares of Apple by 127.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock valued at $12,943,000 after acquiring an additional 42,282 shares during the last quarter. Fountainhead AM LLC raised its holdings in Apple by 5.9% during the 1st quarter. Fountainhead AM LLC now owns 51,041 shares of the iPhone maker’s stock valued at $8,753,000 after buying an additional 2,829 shares during the last quarter. SWP Financial LLC raised its position in Apple by 23.6% during the 1st quarter. SWP Financial LLC now owns 42,691 shares of the iPhone maker’s stock valued at $7,321,000 after purchasing an additional 8,158 shares during the last quarter. Concord Wealth Partners raised its holdings in Apple by 16.7% in the 1st quarter. Concord Wealth Partners now owns 71,927 shares of the iPhone maker’s stock worth $12,334,000 after purchasing an additional 10,286 shares in the last quarter. Finally, Summit Place Financial Advisors LLC raised its position in shares of Apple by 9.0% in the 1st quarter. Summit Place Financial Advisors LLC now owns 34,856 shares of the iPhone maker’s stock worth $5,977,000 after acquiring an additional 2,867 shares in the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Stock Up 0.1 %

Shares of NASDAQ AAPL opened at $228.28 on Wednesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The stock has a 50 day moving average price of $227.34 and a 200 day moving average price of $217.31. The firm has a market capitalization of $3.45 trillion, a price-to-earnings ratio of 37.55, a PEG ratio of 2.20 and a beta of 1.24. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.49.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the prior year, the company earned $1.46 EPS. The business’s revenue was up 6.1% compared to the same quarter last year. Sell-side analysts expect that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date was Friday, November 8th. Apple’s payout ratio is 16.45%.

Analyst Ratings Changes

A number of brokerages have recently commented on AAPL. UBS Group boosted their price target on Apple to $236.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th. Piper Sandler restated a “neutral” rating and issued a $225.00 price target on shares of Apple in a research report on Wednesday, October 9th. Evercore ISI reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Apple in a research note on Thursday, September 26th. Maxim Group boosted their target price on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Apple in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $235.25.

Insider Buying and Selling

In other Apple news, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now owns 15,419 shares in the company, valued at $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. The trade was a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 408,170 shares of company stock valued at $92,007,745 over the last 90 days. Corporate insiders own 0.06% of the company’s stock.

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.