Kohmann Bosshard Financial Services LLC Has $10.25 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Kohmann Bosshard Financial Services LLC reduced its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,949 shares of the iPhone maker's stock after selling 2,257 shares during the period. Apple accounts for approximately 1.2% of Kohmann Bosshard Financial Services LLC's holdings, making the stock its 19th biggest position. Kohmann Bosshard Financial Services LLC's holdings in Apple were worth $10,254,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amara Financial LLC. bought a new stake in shares of Apple during the 3rd quarter worth $288,000. Vestcor Inc boosted its position in shares of Apple by 10.1% in the 3rd quarter. Vestcor Inc now owns 375,539 shares of the iPhone maker's stock valued at $87,501,000 after purchasing an additional 34,414 shares during the period. 5th Street Advisors LLC increased its stake in Apple by 32.9% in the 3rd quarter. 5th Street Advisors LLC now owns 15,100 shares of the iPhone maker's stock worth $3,518,000 after purchasing an additional 3,736 shares in the last quarter. Simmons Bank raised its holdings in Apple by 1.6% during the 3rd quarter. Simmons Bank now owns 132,641 shares of the iPhone maker's stock worth $30,905,000 after buying an additional 2,086 shares during the period. Finally, Safe Harbor Fiduciary LLC purchased a new stake in Apple during the third quarter valued at about $4,972,000. 67.73% of the stock is owned by institutional investors.

Insider Transactions at Apple

In other news, CEO Timothy D. Cook sold 108,136 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the transaction, the chief executive officer now owns 3,280,295 shares of the company's stock, valued at $733,637,976.75. This represents a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kevan Parekh sold 4,570 shares of Apple stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total value of $941,420.00. Following the completion of the sale, the chief financial officer now owns 4,569 shares of the company's stock, valued at approximately $941,214. The trade was a 50.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 187,021 shares of company stock worth $41,760,140. Corporate insiders own 0.06% of the company's stock.

Apple Price Performance

Shares of AAPL traded up $1.04 during trading hours on Friday, hitting $198.53. The stock had a trading volume of 36,406,804 shares, compared to its average volume of 56,093,894. The stock has a market capitalization of $2.97 trillion, a price-to-earnings ratio of 31.51, a P/E/G ratio of 2.44 and a beta of 1.27. 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 company's fifty day moving average is $208.09 and its two-hundred day moving average is $227.36. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.03. Apple had a net margin of 24.30% and a return on equity of 160.83%. The company had revenue of $95.36 billion during the quarter, compared to analysts' expectations of $94.04 billion. During the same quarter in the previous year, the company posted $1.53 earnings per share. Apple's quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple announced that its Board of Directors has approved a stock repurchase plan on Thursday, May 1st that allows the company to buyback $100.00 billion in shares. This buyback authorization allows the iPhone maker to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 12th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Monday, May 12th. This is an increase from Apple's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.52%. Apple's payout ratio is currently 16.20%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AAPL. UBS Group cut their price target on shares of Apple from $236.00 to $210.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Morgan Stanley raised their target price on Apple from $220.00 to $235.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Monness Crespi & Hardt dropped their price target on Apple from $260.00 to $245.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Rosenblatt Securities lowered Apple from a "buy" rating to a "neutral" rating and set a $217.00 price objective for the company. in a research report on Friday, May 2nd. Finally, China Renaissance assumed coverage on Apple in a report on Tuesday, April 22nd. They issued a "buy" rating and a $241.00 target price on the stock. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $235.80.

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.