Laurel Wealth Advisors LLC Has $7.64 Million Position in Apple Inc. (NASDAQ:AAPL)

Laurel Wealth Advisors LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 2.6% in the second quarter, Holdings Channel.com reports. The firm owned 38,602 shares of the iPhone maker’s stock after selling 1,023 shares during the quarter. Apple comprises approximately 2.8% of Laurel Wealth Advisors LLC’s investment portfolio, making the stock its 4th largest position. Laurel Wealth Advisors LLC’s holdings in Apple were worth $7,640,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. Monument Capital Management grew its position in Apple by 2.2% during the 2nd quarter. Monument Capital Management now owns 2,438 shares of the iPhone maker’s stock valued at $491,000 after purchasing an additional 53 shares during the last quarter. Pictet North America Advisors SA raised its holdings in Apple by 3.3% in the second quarter. Pictet North America Advisors SA now owns 131,021 shares of the iPhone maker’s stock worth $25,932,000 after buying an additional 4,170 shares during the last quarter. Rockland Trust Co. raised its holdings in Apple by 4.8% in the second quarter. Rockland Trust Co. now owns 20,618 shares of the iPhone maker’s stock worth $4,081,000 after buying an additional 948 shares during the last quarter. Asset Dedication LLC raised its holdings in Apple by 0.4% in the second quarter. Asset Dedication LLC now owns 19,862 shares of the iPhone maker’s stock worth $3,933,000 after buying an additional 79 shares during the last quarter. Finally, HWG Holdings LP lifted its stake in shares of Apple by 45.5% in the second quarter. HWG Holdings LP now owns 18,403 shares of the iPhone maker’s stock worth $3,642,000 after buying an additional 5,752 shares in the last quarter. 58.77% of the stock is owned by institutional investors and hedge funds.

Shares of Apple stock traded up $3.70 on Wednesday, hitting $220.40. 9,155,020 shares of the company’s stock were exchanged, compared to its average volume of 25,141,370. Apple Inc. has a 1 year low of $142.00 and a 1 year high of $233.47. The company has a 50-day simple moving average of $206.88 and a 200-day simple moving average of $196.24. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.47 and a current ratio of 1.50. The stock has a market capitalization of $967.87 billion, a PE ratio of 18.51, a PEG ratio of 1.77 and a beta of 1.24.



Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, July 30th. The iPhone maker reported $2.18 EPS for the quarter, topping the consensus estimate of $2.10 by $0.08. Apple had a return on equity of 52.13% and a net margin of 21.50%. The firm had revenue of $53.81 billion during the quarter, compared to analyst estimates of $53.39 billion. During the same period in the prior year, the business posted $2.34 EPS. Apple’s revenue was up 1.0% on a year-over-year basis. On average, analysts expect that Apple Inc. will post 11.68 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Friday, August 9th. Apple’s dividend payout ratio is presently 25.86%.

In other Apple news, CEO Timothy D. Cook sold 265,160 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $206.17, for a total value of $54,668,037.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris Kondo sold 4,376 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $217.47, for a total transaction of $951,648.72. The disclosure for this sale can be found here. Insiders have sold 304,536 shares of company stock valued at $62,894,611 in the last three months. 0.05% of the stock is currently owned by corporate insiders.

Several brokerages recently weighed in on AAPL. Cowen set a $250.00 price target on shares of Apple and gave the company a “buy” rating in a research report on Wednesday, August 21st. Daiwa Capital Markets set a $223.00 price objective on Apple and gave the company a “buy” rating in a research report on Wednesday, August 7th. Longbow Research reaffirmed a “hold” rating on shares of Apple in a research report on Monday, August 12th. UBS Group set a $235.00 target price on Apple and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $240.00 target price (up previously from $202.00) on shares of Apple in a report on Wednesday, July 31st. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $218.35.

Apple Company 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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