Apple Inc. $AAPL is Werba Rubin Papier Wealth Management’s 5th Largest Position

Werba Rubin Papier Wealth Management increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 26.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 115,251 shares of the iPhone maker’s stock after acquiring an additional 23,968 shares during the period. Apple makes up about 4.4% of Werba Rubin Papier Wealth Management’s investment portfolio, making the stock its 5th largest position. Werba Rubin Papier Wealth Management’s holdings in Apple were worth $23,646,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Latitude Advisors LLC increased its stake in Apple by 3.0% in the 2nd quarter. Latitude Advisors LLC now owns 11,708 shares of the iPhone maker’s stock valued at $2,402,000 after buying an additional 337 shares during the period. Horst & Graben Wealth Management LLC increased its stake in shares of Apple by 1.6% during the second quarter. Horst & Graben Wealth Management LLC now owns 45,787 shares of the iPhone maker’s stock worth $9,394,000 after acquiring an additional 728 shares during the period. Stableford Capital II LLC raised its holdings in Apple by 8.6% during the second quarter. Stableford Capital II LLC now owns 19,342 shares of the iPhone maker’s stock worth $4,137,000 after purchasing an additional 1,535 shares in the last quarter. Clearview Wealth Advisors LLC raised its holdings in Apple by 1.6% during the second quarter. Clearview Wealth Advisors LLC now owns 5,575 shares of the iPhone maker’s stock worth $1,144,000 after purchasing an additional 86 shares in the last quarter. Finally, Evernest Financial Advisors LLC lifted its position in Apple by 1.1% in the second quarter. Evernest Financial Advisors LLC now owns 37,302 shares of the iPhone maker’s stock valued at $7,653,000 after purchasing an additional 395 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Trading Down 0.2%

Shares of AAPL stock opened at $272.41 on Friday. The stock has a market cap of $4.03 trillion, a P/E ratio of 41.34, a P/E/G ratio of 2.62 and a beta of 1.09. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $277.32. The business has a fifty day simple moving average of $255.92 and a 200-day simple moving average of $226.84.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, topping the consensus estimate of $1.74 by $0.11. The business had revenue of $102.47 billion for the quarter, compared to analyst estimates of $101.65 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.64 EPS. On average, analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 10th were given a $0.26 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s dividend payout ratio is currently 13.92%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AAPL shares. DZ Bank upgraded Apple from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Tuesday, November 4th. Raymond James Financial restated an “outperform” rating and issued a $240.00 price target (up from $230.00) on shares of Apple in a research note on Friday, August 1st. JPMorgan Chase & Co. upped their price objective on Apple from $290.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. TD Cowen raised their target price on Apple from $275.00 to $325.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Melius Research set a $345.00 target price on shares of Apple in a research report on Friday, October 31st. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $278.22.

Insiders Place Their Bets

In other Apple news, CEO Timothy D. Cook sold 129,963 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the sale, the chief executive officer owned 3,280,295 shares in the company, valued at approximately $842,412,558.95. This represents a 3.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Katherine L. Adams sold 47,125 shares of the firm’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total value of $12,101,228.75. Following the transaction, the senior vice president directly owned 179,158 shares of the company’s stock, valued at $46,005,982.82. The trade was a 20.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 228,052 shares of company stock valued at $58,604,588. Corporate insiders own 0.06% of the company’s stock.

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.