Apple Inc. (AAPL) is Private Wealth Partners LLC’s Largest Position

Private Wealth Partners LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 183,860 shares of the iPhone maker’s stock after acquiring an additional 5,631 shares during the quarter. Apple accounts for about 5.7% of Private Wealth Partners LLC’s holdings, making the stock its biggest holding. Private Wealth Partners LLC’s holdings in Apple were worth $34,034,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Delphi Private Advisors LLC acquired a new stake in Apple in the second quarter valued at approximately $120,000. Quattro Financial Advisors LLC acquired a new stake in Apple during the first quarter worth approximately $133,000. CX Institutional acquired a new stake in Apple during the second quarter worth approximately $135,000. Diversified Investment Strategies LLC acquired a new stake in Apple during the second quarter worth approximately $206,000. Finally, Financial Advantage Inc. acquired a new stake in Apple during the second quarter worth approximately $207,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Angela J. Ahrendts sold 14,194 shares of Apple stock in a transaction on Friday, October 5th. The shares were sold at an average price of $227.96, for a total value of $3,235,664.24. Following the transaction, the senior vice president now directly owns 105,538 shares in the company, valued at approximately $24,058,442.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Angela J. Ahrendts sold 25,000 shares of Apple stock in a transaction on Wednesday, October 3rd. The shares were sold at an average price of $232.66, for a total transaction of $5,816,500.00. Following the completion of the transaction, the senior vice president now owns 105,538 shares in the company, valued at $24,554,471.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 204,845 shares of company stock worth $47,015,677. 0.06% of the stock is currently owned by insiders.

Shares of Apple stock opened at $169.10 on Thursday. The firm has a market capitalization of $828.84 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 1.22 and a beta of 1.20. Apple Inc. has a 12 month low of $150.24 and a 12 month high of $233.47. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.09 and a current ratio of 1.12.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, November 1st. The iPhone maker reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $62.90 billion for the quarter, compared to analysts’ expectations of $61.55 billion. Apple had a net margin of 22.41% and a return on equity of 48.68%. The company’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.07 EPS. As a group, equities research analysts expect that Apple Inc. will post 13.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Monday, November 12th were given a $0.73 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $2.92 dividend on an annualized basis and a yield of 1.73%. Apple’s dividend payout ratio (DPR) is 24.52%.

AAPL has been the topic of a number of research analyst reports. Macquarie set a $214.00 price objective on shares of Apple and gave the stock a “buy” rating in a report on Wednesday, August 15th. New Street Research cut shares of Apple from a “neutral” rating to a “sell” rating in a report on Monday, August 20th. Wells Fargo & Co set a $210.00 price objective on shares of Apple and gave the stock a “neutral” rating in a report on Monday, August 20th. Bank of America reissued a “buy” rating and set a $250.00 price objective (up previously from $230.00) on shares of Apple in a report on Tuesday, August 21st. Finally, Morgan Stanley reissued a “buy” rating and set a $232.00 price objective on shares of Apple in a report on Wednesday, August 22nd. Four analysts have rated the stock with a sell rating, twenty-four have given a hold rating and twenty-four have issued a buy rating to the stock. Apple presently has an average rating of “Hold” and an average price target of $218.06.

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Apple Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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