Apple Inc. (NASDAQ:AAPL) is SVA Wealth Management LLC’s 9th Largest Position

SVA Wealth Management LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 11.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 93,686 shares of the iPhone maker’s stock after selling 11,807 shares during the period. Apple makes up about 1.8% of SVA Wealth Management LLC’s holdings, making the stock its 9th largest holding. SVA Wealth Management LLC’s holdings in Apple were worth $18,542,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Roanoke Asset Management Corp NY raised its stake in Apple by 1.1% in the second quarter. Roanoke Asset Management Corp NY now owns 4,412 shares of the iPhone maker’s stock valued at $873,000 after buying an additional 50 shares in the last quarter. Guardian Life Insurance Co. of America raised its stake in Apple by 0.4% in the second quarter. Guardian Life Insurance Co. of America now owns 12,970 shares of the iPhone maker’s stock valued at $2,567,000 after buying an additional 51 shares in the last quarter. Monument Capital Management raised its stake in Apple by 2.2% in the second quarter. Monument Capital Management now owns 2,438 shares of the iPhone maker’s stock valued at $491,000 after buying an additional 53 shares in the last quarter. Landmark Financial Advisors LLC raised its stake in Apple by 0.7% in the second quarter. Landmark Financial Advisors LLC now owns 7,357 shares of the iPhone maker’s stock valued at $1,456,000 after buying an additional 53 shares in the last quarter. Finally, MA Private Wealth raised its stake in Apple by 0.3% in the second quarter. MA Private Wealth now owns 16,134 shares of the iPhone maker’s stock valued at $3,193,000 after buying an additional 56 shares in the last quarter. Institutional investors own 58.63% of the company’s stock.

Shares of NASDAQ AAPL traded up $2.45 during midday trading on Wednesday, reaching $220.13. 1,391,808 shares of the company were exchanged, compared to its average volume of 25,669,308. The company has a current ratio of 1.50, a quick ratio of 1.47 and a debt-to-equity ratio of 0.88. Apple Inc. has a 1 year low of $142.00 and a 1 year high of $233.47. The stock has a fifty day simple moving average of $209.82 and a 200 day simple moving average of $199.16. The stock has a market cap of $994.76 billion, a P/E ratio of 18.48, a PEG ratio of 1.79 and a beta of 1.24.



Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $53.39 billion. During the same quarter last year, the company posted $2.34 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. As a group, analysts forecast that Apple Inc. will post 11.69 earnings per share for the current year.

In related news, CEO Timothy D. Cook sold 265,160 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $206.17, for a total transaction of $54,668,037.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Chris Kondo sold 4,376 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $217.47, for a total value of $951,648.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 304,536 shares of company stock worth $62,894,611. Corporate insiders own 0.05% of the company’s stock.

A number of analysts have weighed in on the company. DZ Bank restated a “neutral” rating on shares of Apple in a research note on Wednesday, September 11th. JPMorgan Chase & Co. set a $243.00 price target on Apple and gave the company a “buy” rating in a research note on Monday, August 26th. Sanford C. Bernstein set a $205.00 price target on Apple and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Raymond James upgraded Apple from a “market perform” rating to an “outperform” rating and set a $250.00 price target on the stock in a research note on Thursday, July 18th. Finally, UBS Group set a $235.00 price target on Apple and gave the company a “buy” rating in a research note on Friday, August 16th. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $219.47.

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.

Further Reading: Why do earnings reports matter?

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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