CMH Wealth Management LLC grew its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,915 shares of the iPhone maker’s stock after acquiring an additional 115 shares during the quarter. Apple accounts for approximately 3.3% of CMH Wealth Management LLC’s portfolio, making the stock its 9th largest holding. CMH Wealth Management LLC’s holdings in Apple were worth $4,198,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Hefty Wealth Partners boosted its holdings in shares of Apple by 27.6% in the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after buying an additional 174 shares during the last quarter. American Beacon Advisors Inc. purchased a new position in shares of Apple in the 1st quarter worth about $117,000. State of Alaska Department of Revenue purchased a new position in shares of Apple in the 2nd quarter worth about $149,000. Portfolio Solutions LLC purchased a new position in shares of Apple in the 1st quarter worth about $169,000. Finally, D. Scott Neal Inc. boosted its holdings in shares of Apple by 19.8% in the 2nd quarter. D. Scott Neal Inc. now owns 1,212 shares of the iPhone maker’s stock worth $175,000 after buying an additional 200 shares during the last quarter. 60.36% of the stock is currently owned by hedge funds and other institutional investors.
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Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.10. Apple had a return on equity of 35.40% and a net margin of 20.87%. The business had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. During the same period in the previous year, the firm posted $1.42 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis.
A number of equities analysts recently weighed in on the stock. UBS AG reissued a “buy” rating and issued a $170.00 price target on shares of Apple in a report on Friday, June 23rd. Barclays PLC boosted their price target on shares of Apple to $161.00 and gave the stock an “equal weight” rating in a report on Friday. Zacks Investment Research raised shares of Apple from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a report on Wednesday. Royal Bank Of Canada reissued an “outperform” rating and issued a $160.08 price target (down from $176.00) on shares of Apple in a report on Wednesday, August 9th. Finally, Longbow Research reissued a “buy” rating and issued a $173.00 price target on shares of Apple in a report on Friday, August 11th. Nine analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $189.73.
In related news, CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction on Monday, August 28th. The stock was sold at an average price of $160.63, for a total value of $43,148,912.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Johny Srouji sold 5,892 shares of Apple stock in a transaction on Monday, August 28th. The shares were sold at an average price of $161.00, for a total value of $948,612.00. Following the completion of the transaction, the insider now owns 70,358 shares of the company’s stock, valued at $11,327,638. The disclosure for this sale can be found here. Insiders sold 541,177 shares of company stock valued at $85,864,804 over the last ninety days. Insiders own 0.08% of the company’s stock.
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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