BKM Wealth Management LLC Has $12.49 Million Stake in Apple Inc. (NASDAQ:AAPL)

BKM Wealth Management LLC lifted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 9.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,889 shares of the iPhone maker's stock after purchasing an additional 4,473 shares during the quarter. Apple comprises about 5.1% of BKM Wealth Management LLC's investment portfolio, making the stock its biggest position. BKM Wealth Management LLC's holdings in Apple were worth $12,493,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. O Connor Financial Group LLC lifted its position in shares of Apple by 1.2% during the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker's stock valued at $896,000 after buying an additional 41 shares during the last quarter. 1620 Investment Advisors Inc. grew its position in shares of Apple by 0.5% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker's stock worth $2,249,000 after buying an additional 45 shares during the last quarter. Menard Financial Group LLC lifted its position in Apple by 0.4% during the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker's stock valued at $2,848,000 after acquiring an additional 48 shares during the last quarter. Hanseatic Management Services Inc. lifted its position in Apple by 1.3% during the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker's stock valued at $945,000 after acquiring an additional 48 shares during the last quarter. Finally, Family Capital Management Inc. boosted its stake in Apple by 0.3% in the fourth quarter. Family Capital Management Inc. now owns 16,910 shares of the iPhone maker's stock valued at $4,235,000 after acquiring an additional 48 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AAPL has been the subject of several analyst reports. Jefferies Financial Group upgraded Apple from an "underperform" rating to a "hold" rating and decreased their price objective for the company from $202.33 to $167.88 in a report on Wednesday, April 9th. The Goldman Sachs Group decreased their price target on Apple from $259.00 to $256.00 and set a "buy" rating for the company in a research note on Wednesday. Sanford C. Bernstein boosted their price target on Apple from $240.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Monness Crespi & Hardt upped their price target on shares of Apple to $245.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. reduced their price objective on Apple from $270.00 to $245.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $233.88.

Insiders Place Their Bets

In related news, COO Jeffrey E. Williams sold 35,493 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total value of $7,950,786.93. Following the completion of the transaction, the chief operating officer now directly owns 390,059 shares in the company, valued at approximately $87,377,116.59. This represents a 8.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total value of $24,184,616.40. Following the completion of the sale, the chief executive officer now owns 3,280,295 shares in the company, valued at $733,637,976.75. This represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 182,451 shares of company stock valued at $40,818,720 over the last ninety days. Company insiders own 0.06% of the company's stock.

Apple Price Performance

AAPL stock opened at $208.37 on Friday. Apple Inc. has a 1 year low of $168.15 and a 1 year high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The firm has a market capitalization of $3.13 trillion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The business has a 50 day simple moving average of $216.41 and a 200-day simple moving average of $229.42.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.48%. The ex-dividend date was Monday, February 10th. Apple's payout ratio is currently 15.87%.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

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