Monument Group Wealth Advisors LLC Has $1.16 Million Holdings in Apple Inc. $AAPL

Monument Group Wealth Advisors LLC lifted its position in Apple Inc. (NASDAQ:AAPL) by 13.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,646 shares of the iPhone maker’s stock after buying an additional 671 shares during the quarter. Apple comprises approximately 0.7% of Monument Group Wealth Advisors LLC’s holdings, making the stock its 12th biggest position. Monument Group Wealth Advisors LLC’s holdings in Apple were worth $1,158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ryan Investment Management Inc. acquired a new stake in Apple in the 2nd quarter valued at about $31,000. ROSS JOHNSON & Associates LLC raised its stake in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after buying an additional 180 shares during the period. Nexus Investment Management ULC lifted its position in shares of Apple by 333.3% in the second quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock valued at $53,000 after buying an additional 200 shares during the last quarter. LSV Asset Management acquired a new stake in shares of Apple in the fourth quarter valued at approximately $65,000. Finally, Elite Financial Inc. bought a new position in shares of Apple during the 1st quarter worth approximately $58,000. 67.73% of the stock is owned by institutional investors.

Apple Stock Performance

Shares of Apple stock opened at $272.41 on Monday. The stock has a market cap of $4.03 trillion, a price-to-earnings ratio of 41.34, a P/E/G ratio of 2.62 and a beta of 1.09. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $277.32. The company’s fifty day moving average is $255.92 and its 200 day moving average is $227.05. 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 (NASDAQ:AAPL) last announced its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, topping the consensus estimate of $1.74 by $0.11. Apple had a return on equity of 170.91% and a net margin of 24.30%.The firm had revenue of $102.47 billion for the quarter, compared to the consensus estimate of $101.65 billion. During the same period in the previous year, the business earned $1.64 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. Sell-side analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

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

Analyst Ratings Changes

Several brokerages have issued reports on AAPL. Bank of America raised their price target on Apple from $270.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Sanford C. Bernstein set a $325.00 price target on Apple in a research report on Monday, November 3rd. Moffett Nathanson raised shares of Apple from a “sell” rating to a “neutral” rating and set a $225.00 price objective on the stock in a research note on Thursday, September 4th. Loop Capital raised Apple from a “hold” rating to a “buy” rating and boosted their target price for the stock from $226.00 to $315.00 in a research note on Monday, October 20th. Finally, DZ Bank upgraded shares of 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. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus target price 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 that occurred on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the completion of the sale, the chief executive officer owned 3,280,295 shares of the company’s stock, valued at approximately $842,412,558.95. This represents a 3.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Katherine L. Adams sold 47,125 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the transaction, the senior vice president owned 179,158 shares of the company’s stock, valued at approximately $46,005,982.82. The trade was a 20.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 228,052 shares of company stock valued at $58,604,588 over the last three months. Insiders own 0.06% of the company’s stock.

Apple Company Profile

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.