BKM Wealth Management LLC Has $11.37 Million Stock Position in Apple Inc. $AAPL

BKM Wealth Management LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,199 shares of the iPhone maker's stock after purchasing an additional 1,310 shares during the quarter. Apple accounts for approximately 4.7% of BKM Wealth Management LLC's holdings, making the stock its 2nd biggest position. BKM Wealth Management LLC's holdings in Apple were worth $11,373,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AAPL. Life Planning Partners Inc acquired a new position in Apple during the 4th quarter valued at $47,000. Elite Financial Inc. acquired a new position in Apple during the 1st quarter valued at $58,000. Conquis Financial LLC bought a new stake in Apple in the 4th quarter valued at $63,000. LSV Asset Management bought a new stake in Apple in the 4th quarter valued at $65,000. Finally, Pillar Financial Advisors LLC bought a new stake in Apple in the 4th quarter valued at $82,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AAPL has been the topic of several analyst reports. Rosenblatt Securities reissued a "neutral" rating and issued a $217.00 price target on shares of Apple in a report on Tuesday, July 29th. Monness Crespi & Hardt upped their target price on shares of Apple from $245.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, August 1st. DA Davidson reissued a "buy" rating and set a $250.00 price objective on shares of Apple in a report on Friday, August 1st. Evercore ISI reissued an "outperform" rating and set a $250.00 price objective on shares of Apple in a report on Wednesday, August 13th. Finally, Raymond James Financial restated an "outperform" rating and set a $240.00 target price (up from $230.00) on shares of Apple in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $239.05.

Insider Buying and Selling at Apple

In other news, SVP Deirdre O'brien sold 34,821 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the completion of the transaction, the senior vice president directly owned 136,687 shares of the company's stock, valued at $30,508,538.40. This trade represents a 20.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is owned by corporate insiders.

Apple Trading Down 0.3%

Shares of NASDAQ:AAPL traded down $0.67 during mid-day trading on Thursday, reaching $237.81. The stock had a trading volume of 23,367,216 shares, compared to its average volume of 56,619,613. The firm has a market cap of $3.53 trillion, a PE ratio of 36.11, a price-to-earnings-growth ratio of 2.42 and a beta of 1.11. The firm has a 50 day simple moving average of $217.73 and a two-hundred day simple moving average of $212.92. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, topping the consensus estimate of $1.43 by $0.14. The firm had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The business's quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the company posted $1.40 EPS. On average, research analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple's dividend payout ratio (DPR) is currently 15.78%.

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.