Landmark Wealth Management LLC Has $2.53 Million Position in Apple Inc. (NASDAQ:AAPL)

Landmark Wealth Management LLC decreased its stake in Apple Inc. (NASDAQ:AAPL) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,868 shares of the iPhone maker’s stock after selling 175 shares during the period. Apple accounts for about 1.1% of Landmark Wealth Management LLC’s holdings, making the stock its 26th biggest holding. Landmark Wealth Management LLC’s holdings in Apple were worth $2,532,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Clarity Financial LLC grew its stake in Apple by 3.4% during the third quarter. Clarity Financial LLC now owns 146,122 shares of the iPhone maker’s stock worth $34,046,000 after purchasing an additional 4,873 shares during the period. Amalgamated Bank lifted its holdings in Apple by 3.1% during the third quarter. Amalgamated Bank now owns 3,201,193 shares of the iPhone maker’s stock worth $745,878,000 after acquiring an additional 95,961 shares during the period. Sentry Investment Management LLC lifted its holdings in Apple by 2.4% during the third quarter. Sentry Investment Management LLC now owns 66,285 shares of the iPhone maker’s stock worth $15,444,000 after acquiring an additional 1,541 shares during the period. United Advisor Group LLC increased its position in Apple by 32.8% in the third quarter. United Advisor Group LLC now owns 67,613 shares of the iPhone maker’s stock worth $15,754,000 after buying an additional 16,684 shares during the last quarter. Finally, ASB Consultores LLC increased its position in Apple by 9.4% in the third quarter. ASB Consultores LLC now owns 6,161 shares of the iPhone maker’s stock worth $1,436,000 after buying an additional 529 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on AAPL. New Street Research reiterated a “neutral” rating and issued a $225.00 price target on shares of Apple in a research report on Wednesday, September 25th. UBS Group reissued a “neutral” rating and issued a $236.00 target price on shares of Apple in a research note on Monday, December 2nd. Needham & Company LLC restated a “buy” rating and set a $260.00 price target on shares of Apple in a report on Tuesday, December 10th. Citigroup upped their target price on Apple to $185.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Barclays cut their price target on Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $237.64.

Apple Price Performance

NASDAQ AAPL opened at $242.70 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10. The stock has a market cap of $3.67 trillion, a price-to-earnings ratio of 39.92, a PEG ratio of 2.41 and a beta of 1.20. The company’s 50 day moving average is $239.57 and its two-hundred day moving average is $229.66.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The firm had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm earned $1.46 EPS. As a group, research analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. Apple’s dividend payout ratio is presently 16.45%.

Insider Buying and Selling

In related news, insider Chris Kondo sold 4,130 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.

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.