Stillwater Capital Advisors LLC Has $20.30 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Stillwater Capital Advisors LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 90,614 shares of the iPhone maker’s stock after selling 379 shares during the period. Apple makes up about 5.1% of Stillwater Capital Advisors LLC’s holdings, making the stock its 2nd largest holding. Stillwater Capital Advisors LLC’s holdings in Apple were worth $20,295,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. Centaurus Financial Inc. lifted its position in shares of Apple by 17.9% during the 1st quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock worth $44,000 after purchasing an additional 1,262 shares during the last quarter. Avondale Wealth Management lifted its position in shares of Apple by 25.4% during the 2nd quarter. Avondale Wealth Management now owns 316 shares of the iPhone maker’s stock worth $63,000 after purchasing an additional 64 shares during the last quarter. NuWave Investment Management LLC lifted its position in shares of Apple by 2,245.0% during the 2nd quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker’s stock worth $93,000 after purchasing an additional 449 shares during the last quarter. Horan Securities Inc. lifted its position in shares of Apple by 64.2% during the 2nd quarter. Horan Securities Inc. now owns 565 shares of the iPhone maker’s stock worth $112,000 after purchasing an additional 221 shares during the last quarter. Finally, Belvedere Advisors LLC acquired a new position in shares of Apple during the 2nd quarter worth about $119,000. Institutional investors own 58.63% of the company’s stock.

Several research firms recently weighed in on AAPL. Raymond James raised Apple from a “market perform” rating to an “outperform” rating and set a $250.00 price objective for the company in a research report on Thursday, July 18th. Canaccord Genuity reissued a “buy” rating and set a $260.00 price objective (up previously from $240.00) on shares of Apple in a research report on Wednesday. Wedbush boosted their price objective on Apple from $245.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday. Macquarie set a $210.00 price target on Apple and gave the company a “hold” rating in a report on Tuesday, September 10th. Finally, DZ Bank reaffirmed a “neutral” rating on shares of Apple in a report on Wednesday, September 11th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. Apple presently has a consensus rating of “Buy” and a consensus target price of $223.22.

In related news, CFO Luca Maestri sold 61,659 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $228.38, for a total transaction of $14,081,682.42. Following the sale, the chief financial officer now directly owns 85,507 shares in the company, valued at approximately $19,528,088.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 265,160 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $206.17, for a total value of $54,668,037.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 433,749 shares of company stock worth $91,773,322. 0.05% of the stock is owned by corporate insiders.

Shares of AAPL opened at $236.21 on Friday. Apple Inc. has a 1 year low of $142.00 and a 1 year high of $237.64. The company has a current ratio of 1.50, a quick ratio of 1.47 and a debt-to-equity ratio of 0.88. The stock has a 50 day simple moving average of $216.75 and a 200-day simple moving average of $202.65. The stock has a market cap of $1,025.99 billion, a PE ratio of 19.83, a PEG ratio of 2.00 and a beta of 1.24.

Apple (NASDAQ:AAPL) last issued its 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. The business had revenue of $53.81 billion during the quarter, compared to analysts’ expectations of $53.39 billion. Apple had a return on equity of 52.13% and a net margin of 21.50%. Apple’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.34 EPS. On average, sell-side analysts forecast that Apple Inc. will post 11.68 EPS for the current fiscal year.

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.

See Also: Dividend Aristocrat Index

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit