Bradley & Co. Private Wealth Management LLC Has $9.06 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Bradley & Co. Private Wealth Management LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 2.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,289 shares of the iPhone maker’s stock after selling 1,993 shares during the quarter. Apple makes up 10.0% of Bradley & Co. Private Wealth Management LLC’s holdings, making the stock its largest holding. Bradley & Co. Private Wealth Management LLC’s holdings in Apple were worth $9,063,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AAPL. Cooper Financial Group lifted its stake in shares of Apple by 2.2% during the 1st quarter. Cooper Financial Group now owns 114,581 shares of the iPhone maker’s stock valued at $20,007,000 after buying an additional 2,516 shares in the last quarter. Heartland Bank & Trust Co lifted its stake in Apple by 8.5% in the 1st quarter. Heartland Bank & Trust Co now owns 59,278 shares of the iPhone maker’s stock worth $10,351,000 after purchasing an additional 4,629 shares in the last quarter. CCG Wealth Management LLC lifted its stake in Apple by 14.0% in the 1st quarter. CCG Wealth Management LLC now owns 13,972 shares of the iPhone maker’s stock worth $2,440,000 after purchasing an additional 1,716 shares in the last quarter. EWG Elevate Inc. lifted its stake in Apple by 53.3% in the 1st quarter. EWG Elevate Inc. now owns 11,387 shares of the iPhone maker’s stock worth $1,988,000 after purchasing an additional 3,960 shares in the last quarter. Finally, Pacifica Partners Inc. lifted its stake in Apple by 5.7% in the 1st quarter. Pacifica Partners Inc. now owns 55,635 shares of the iPhone maker’s stock worth $9,252,000 after purchasing an additional 3,013 shares in the last quarter. Hedge funds and other institutional investors own 57.72% of the company’s stock.

Analyst Ratings Changes

AAPL has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Apple from $205.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 20th. Itaú Unibanco initiated coverage on shares of Apple in a research note on Tuesday, July 26th. They issued an “underperform” rating and a $136.00 price target on the stock. Wedbush boosted their price target on shares of Apple from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 17th. Barclays reduced their target price on shares of Apple from $169.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 11th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $139.00 target price on shares of Apple in a report on Thursday, September 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.25.

Insider Activity at Apple

In related news, SVP Deirdre O’brien sold 8,053 shares of the stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the completion of the sale, the senior vice president now owns 136,290 shares of the company’s stock, valued at $19,414,510.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Apple news, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total value of $16,923,788.25. Following the completion of the transaction, the chief financial officer now owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Deirdre O’brien sold 8,053 shares of the firm’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the completion of the transaction, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at approximately $19,414,510.50. The disclosure for this sale can be found here. Insiders sold 306,087 shares of company stock valued at $47,252,854 over the last 90 days. Insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of AAPL opened at $149.35 on Thursday. Apple Inc. has a fifty-two week low of $129.04 and a fifty-two week high of $182.94. The company has a 50 day moving average price of $152.39 and a 200-day moving average price of $151.92. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.82 and a current ratio of 0.86. The stock has a market capitalization of $2.40 trillion, a PE ratio of 24.65, a PEG ratio of 1.81 and a beta of 1.25.

Apple (NASDAQ:AAPLGet Rating) last posted its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.06. Apple had a net margin of 25.71% and a return on equity of 152.97%. The company had revenue of $82.96 billion during the quarter, compared to analysts’ expectations of $82.97 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. Apple’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities analysts predict that Apple Inc. will post 6.11 earnings per share for the current fiscal year.

About Apple

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

See Also

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