Apple Inc. (NASDAQ:AAPL) Stock Position Lessened by Bernardo Wealth Planning LLC

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Bernardo Wealth Planning LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,848 shares of the iPhone maker’s stock after selling 1,999 shares during the period. Apple accounts for approximately 6.8% of Bernardo Wealth Planning LLC’s portfolio, making the stock its largest holding. Bernardo Wealth Planning LLC’s holdings in Apple were worth $9,372,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Monument Capital Management increased its holdings in shares of Apple by 2.2% in the second quarter. Monument Capital Management now owns 2,438 shares of the iPhone maker’s stock worth $491,000 after purchasing an additional 53 shares during the period. Trinity Legacy Partners LLC increased its holdings in shares of Apple by 66.8% in the second quarter. Trinity Legacy Partners LLC now owns 18,789 shares of the iPhone maker’s stock worth $3,776,000 after purchasing an additional 7,523 shares during the period. Pictet North America Advisors SA increased its holdings in shares of 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 purchasing an additional 4,170 shares during the period. Capital Bank & Trust Co increased its holdings in shares of Apple by 0.4% in the second quarter. Capital Bank & Trust Co now owns 621,074 shares of the iPhone maker’s stock worth $122,994,000 after purchasing an additional 2,330 shares during the period. Finally, Rockland Trust Co. increased its holdings in shares of 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 purchasing an additional 948 shares during the period. Hedge funds and other institutional investors own 59.62% of the company’s stock.

NASDAQ AAPL opened at $262.64 on Friday. The company has a 50-day simple moving average of $239.73 and a two-hundred day simple moving average of $210.93. The company has a quick ratio of 1.50, a current ratio of 1.54 and a debt-to-equity ratio of 1.01. Apple Inc. has a 12-month low of $142.00 and a 12-month high of $264.88. The firm has a market cap of $1,165.02 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 1.87 and a beta of 1.25.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Wednesday, October 30th. The iPhone maker reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.19. Apple had a net margin of 21.24% and a return on equity of 53.82%. The business had revenue of $64.04 billion during the quarter, compared to analyst estimates of $62.86 billion. During the same period in the prior year, the business posted $2.91 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. Equities analysts expect that Apple Inc. will post 13.17 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $3.08 annualized dividend and a yield of 1.17%. Apple’s payout ratio is 25.90%.

AAPL has been the topic of several research analyst reports. Loop Capital upped their price target on shares of Apple to $250.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Canaccord Genuity upped their price target on shares of Apple from $260.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. HSBC set a $190.00 price target on shares of Apple and gave the stock a “sell” rating in a report on Thursday, September 26th. Cascend Securities increased their target price on Apple from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Wedbush reissued an “outperform” rating and issued a $265.00 target price on shares of Apple in a research note on Tuesday, October 29th. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $242.38.

In other Apple news, COO Jeffrey E. Williams sold 67,554 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $219.04, for a total transaction of $14,797,028.16. Following the completion of the sale, the chief operating officer now directly owns 237,517 shares in the company, valued at $52,025,723.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Timothy D. Cook sold 265,160 shares of the 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 448,158 shares of company stock valued at $97,019,630. Company insiders own 0.05% of the company’s stock.

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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