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Apple Inc. (NASDAQ:AAPL) is Wealth Management Partners LLC’s Largest Position

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Wealth Management Partners LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,611 shares of the iPhone maker’s stock after selling 1,155 shares during the quarter. Apple accounts for approximately 6.1% of Wealth Management Partners LLC’s investment portfolio, making the stock its biggest position. Wealth Management Partners LLC’s holdings in Apple were worth $8,718,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. TruWealth Advisors LLC boosted its holdings in Apple by 1.7% during the 3rd quarter. TruWealth Advisors LLC now owns 151,822 shares of the iPhone maker’s stock valued at $21,483,000 after acquiring an additional 2,572 shares during the period. Halbert Hargrove Global Advisors LLC boosted its holdings in Apple by 25.2% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 94,482 shares of the iPhone maker’s stock valued at $13,369,000 after acquiring an additional 19,007 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. boosted its holdings in Apple by 0.7% during the 3rd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 182,055 shares of the iPhone maker’s stock valued at $25,761,000 after acquiring an additional 1,205 shares during the period. Value Partners Investments Inc. boosted its holdings in Apple by 12.0% during the 3rd quarter. Value Partners Investments Inc. now owns 1,703 shares of the iPhone maker’s stock valued at $240,000 after acquiring an additional 182 shares during the period. Finally, Jacobsen Capital Management boosted its holdings in Apple by 1.9% during the 3rd quarter. Jacobsen Capital Management now owns 27,185 shares of the iPhone maker’s stock valued at $3,847,000 after acquiring an additional 503 shares during the period. Institutional investors own 56.40% of the company’s stock.

In other Apple news, insider Chris Kondo sold 9,005 shares of Apple stock in a transaction that occurred on Friday, November 12th. The stock was sold at an average price of $150.00, for a total value of $1,350,750.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Deirdre O’brien sold 89,437 shares of Apple stock in a transaction that occurred on Monday, October 4th. The shares were sold at an average price of $138.83, for a total value of $12,416,538.71. The disclosure for this sale can be found here. Insiders sold a total of 473,347 shares of company stock worth $67,822,283 over the last quarter. Company insiders own 0.06% of the company’s stock.

A number of brokerages recently commented on AAPL. Cowen restated an “outperform” rating and set a $180.00 target price on shares of Apple in a report on Wednesday, September 15th. DZ Bank reaffirmed a “buy” rating on shares of Apple in a research report on Monday, December 13th. Bank of America raised Apple from a “neutral” rating to a “buy” rating and increased their price target for the company from $160.00 to $210.00 in a research report on Tuesday, December 14th. Zacks Investment Research lowered Apple from a “buy” rating to a “hold” rating and set a $171.00 price target on the stock. in a research report on Monday, November 1st. Finally, Fundamental Research increased their price target on Apple from $163.99 to $164.79 and gave the company a “buy” rating in a research report on Tuesday, November 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Apple presently has an average rating of “Buy” and an average target price of $173.06.

AAPL opened at $180.33 on Tuesday. The firm has a market cap of $2.96 trillion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. Apple Inc. has a 52 week low of $116.21 and a 52 week high of $182.13. The business’s 50 day moving average is $160.53 and its two-hundred day moving average is $150.06. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.73.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Wednesday, October 27th. The iPhone maker reported $1.24 EPS for the quarter, hitting the consensus estimate of $1.24. The company had revenue of $83.40 billion for the quarter, compared to analyst estimates of $84.94 billion. Apple had a return on equity of 144.13% and a net margin of 25.88%. The firm’s revenue was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 earnings per share. Equities analysts expect that Apple Inc. will post 5.79 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 11th. Shareholders of record on Monday, November 8th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Friday, November 5th. Apple’s dividend payout ratio (DPR) is 15.66%.

Apple Company Profile

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

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