Apple Inc. $AAPL is Tempus Wealth Planning LLC’s 9th Largest Position

Tempus Wealth Planning LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 0.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 36,029 shares of the iPhone maker’s stock after selling 270 shares during the quarter. Apple makes up approximately 1.8% of Tempus Wealth Planning LLC’s holdings, making the stock its 9th biggest holding. Tempus Wealth Planning LLC’s holdings in Apple were worth $7,392,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Ryan Investment Management Inc. purchased a new position in shares of Apple during the second quarter worth $31,000. ROSS JOHNSON & Associates LLC boosted its position in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after buying an additional 180 shares during the period. LSV Asset Management purchased a new position in shares of Apple during the fourth quarter worth $65,000. Elite Financial Inc. purchased a new position in shares of Apple during the first quarter worth $58,000. Finally, HFM Investment Advisors LLC purchased a new position in shares of Apple during the first quarter worth $99,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Down 3.5%

Apple stock opened at $245.27 on Monday. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The stock has a market cap of $3.64 trillion, a PE ratio of 37.22, a P/E/G ratio of 2.39 and a beta of 1.09. The stock’s fifty day moving average is $237.61 and its two-hundred day moving average is $215.83.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. Apple had a return on equity of 170.91% and a net margin of 24.30%.The company had revenue of $94.04 billion for the quarter, compared to analysts’ expectations of $88.64 billion. During the same period last year, the firm earned $1.40 earnings per share. Apple’s quarterly revenue was up 9.6% on a year-over-year basis. On average, sell-side analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

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

Insider Buying and Selling at Apple

In other Apple news, SVP Deirdre O’brien sold 43,013 shares of the firm’s stock in a transaction 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 sale, the senior vice president directly owned 136,687 shares in the company, valued at $35,181,866.93. This trade represents a 23.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Katherine L. Adams sold 47,125 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total value of $12,101,228.75. Following the completion of the sale, the senior vice president owned 179,158 shares in the company, valued at approximately $46,005,982.82. This represents a 20.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 254,922 shares of company stock worth $64,320,190 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AAPL shares. Needham & Company LLC restated a “hold” rating on shares of Apple in a research report on Friday, July 25th. Monness Crespi & Hardt raised their price target on Apple from $245.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. CLSA upgraded Apple to a “strong-buy” rating in a report on Sunday, October 5th. Moffett Nathanson upgraded Apple from a “sell” rating to a “neutral” rating and set a $225.00 target price for the company in a report on Thursday, September 4th. Finally, Rosenblatt Securities lifted their target price on Apple from $223.00 to $241.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $248.29.

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.