Apple Inc. $AAPL Shares Bought by MOKAN Wealth Management Inc.

MOKAN Wealth Management Inc. grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.5% during the second quarter, Holdings Channel reports. The firm owned 28,210 shares of the iPhone maker’s stock after purchasing an additional 699 shares during the quarter. Apple comprises about 3.2% of MOKAN Wealth Management Inc.’s holdings, making the stock its 8th largest position. MOKAN Wealth Management Inc.’s holdings in Apple were worth $5,789,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Avid Wealth Partners LLC boosted its stake in shares of Apple by 28.3% in the 1st quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock valued at $935,000 after buying an additional 930 shares during the period. Bell & Brown Wealth Advisors LLC raised its holdings in Apple by 0.4% in the first quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock valued at $13,772,000 after acquiring an additional 240 shares in the last quarter. American National Bank & Trust lifted its stake in Apple by 2.4% in the second quarter. American National Bank & Trust now owns 195,482 shares of the iPhone maker’s stock worth $40,107,000 after acquiring an additional 4,543 shares during the last quarter. Andina Capital Management LLC grew its holdings in Apple by 209.2% during the 1st quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock worth $1,507,000 after acquiring an additional 4,591 shares in the last quarter. Finally, Plum Street Advisors LLC increased its position in shares of Apple by 4.0% in the 1st quarter. Plum Street Advisors LLC now owns 7,889 shares of the iPhone maker’s stock valued at $1,752,000 after purchasing an additional 301 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Evercore ISI lifted their price objective on shares of Apple from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. TD Cowen raised their price target on Apple from $275.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Moffett Nathanson raised Apple from a “sell” rating to a “neutral” rating and set a $225.00 price target for the company in a report on Thursday, September 4th. Citigroup reiterated a “buy” rating and issued a $315.00 price objective (up previously from $245.00) on shares of Apple in a report on Friday, October 31st. Finally, Loop Capital raised Apple from a “hold” rating to a “buy” rating and raised their target price for the stock from $226.00 to $315.00 in a research report on Monday, October 20th. 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 stock. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average price target of $278.22.

Apple Stock Down 0.5%

Apple stock opened at $268.47 on Monday. The company has a market capitalization of $3.97 trillion, a P/E ratio of 40.74, a PEG ratio of 2.62 and a beta of 1.09. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $277.32. The stock has a 50-day simple moving average of $252.25 and a 200-day simple moving average of $224.85.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, beating the consensus estimate of $1.74 by $0.11. Apple had a net margin of 24.30% and a return on equity of 170.91%. The firm had revenue of $102.47 billion during the quarter, compared to the consensus estimate of $101.65 billion. During the same quarter in the prior year, the firm earned $1.64 EPS. Apple’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities research analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Monday, November 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, November 10th. Apple’s dividend payout ratio (DPR) is presently 13.92%.

Insider Buying and Selling

In other news, SVP Deirdre O’brien sold 43,013 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total value of $11,071,116.07. Following the transaction, the senior vice president owned 136,687 shares of the company’s stock, valued at approximately $35,181,866.93. The trade was a 23.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 129,963 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total value of $33,375,798.03. Following the sale, the chief executive officer owned 3,280,295 shares of the company’s stock, valued at $842,412,558.95. This trade represents a 3.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 224,300 shares of company stock valued at $57,586,933. Company insiders own 0.06% of the company’s stock.

Apple 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.