Schneider Downs Wealth Management Advisors LP grew its stake in Apple Inc. (NASDAQ:AAPL) by 2.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,485 shares of the iPhone maker’s stock after purchasing an additional 153 shares during the period. Apple comprises approximately 0.4% of Schneider Downs Wealth Management Advisors LP’s holdings, making the stock its 25th largest position. Schneider Downs Wealth Management Advisors LP’s holdings in Apple were worth $1,086,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Centaurus Financial Inc. lifted its stake in shares of Apple by 17.9% during the 1st quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock worth $44,000 after acquiring an additional 1,262 shares during the last quarter. Semmax Financial Advisors Inc. purchased a new stake in shares of Apple during the 4th quarter valued at $50,000. Contravisory Investment Management Inc. grew its stake in shares of Apple by 30.6% during the 4th quarter. Contravisory Investment Management Inc. now owns 614 shares of the iPhone maker’s stock valued at $97,000 after buying an additional 144 shares during the period. INR Advisory Services LLC purchased a new stake in shares of Apple during the 4th quarter valued at $124,000. Finally, CKW Financial Group grew its stake in shares of Apple by 15.0% during the 4th quarter. CKW Financial Group now owns 807 shares of the iPhone maker’s stock valued at $127,000 after buying an additional 105 shares during the period. 58.66% of the stock is owned by institutional investors and hedge funds.

In related news, COO Jeffrey E. Williams sold 56,411 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $210.36, for a total transaction of $11,866,617.96. Following the completion of the sale, the chief operating officer now directly owns 151,187 shares of the company’s stock, valued at $31,803,697.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Arthur D. Levinson sold 35,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $210.86, for a total transaction of $7,380,100.00. Following the sale, the director now directly owns 1,168,283 shares of the company’s stock, valued at $246,344,153.38. The disclosure for this sale can be found here. Company insiders own 0.05% of the company’s stock.

A number of equities research analysts have recently issued reports on AAPL shares. BTIG Research upped their target price on shares of Apple to $234.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. New Street Research lowered shares of Apple from a “neutral” rating to a “sell” rating and set a $170.00 target price on the stock. in a research note on Friday, April 12th. Raymond James cut their target price on shares of SM Energy from $20.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, July 18th. Evercore ISI started coverage on shares of Helmerich & Payne in a research note on Thursday, June 6th. They issued an “outperform” rating on the stock. Finally, Credit Suisse Group set a $5.00 target price on shares of Maxar Technologies and gave the company a “sell” rating in a research note on Monday, July 15th. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Apple currently has an average rating of “Hold” and a consensus price target of $211.47.

Shares of Apple stock traded down $1.21 on Tuesday, hitting $208.48. The company had a trading volume of 13,222,254 shares, compared to its average volume of 17,453,036. The business has a 50-day simple moving average of $201.34. The company has a current ratio of 1.32, a quick ratio of 1.26 and a debt-to-equity ratio of 0.85. The stock has a market cap of $955.83 billion, a P/E ratio of 17.50, a PEG ratio of 1.76 and a beta of 1.23. Apple Inc. has a 52 week low of $142.00 and a 52 week high of $233.47.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, April 30th. The iPhone maker reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.09. The business had revenue of $58.02 billion during the quarter, compared to analysts’ expectations of $57.40 billion. Apple had a net margin of 22.12% and a return on equity of 51.29%. The business’s revenue was down 5.1% on a year-over-year basis. During the same period last year, the firm posted $2.73 earnings per share. On average, equities analysts expect that Apple Inc. will post 11.47 EPS for the current year.

Apple announced that its board has approved a stock repurchase plan on Tuesday, April 30th that allows the company to buyback $75.00 billion in shares. This buyback authorization allows the iPhone maker to purchase up to 7.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

About Apple

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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