Apple Inc. (NASDAQ:AAPL) Position Raised by CMH Wealth Management LLC

CMH Wealth Management LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,062 shares of the iPhone maker’s stock after acquiring an additional 1,147 shares during the period. Apple comprises approximately 3.4% of CMH Wealth Management LLC’s investment portfolio, making the stock its 7th biggest holding. CMH Wealth Management LLC’s holdings in Apple were worth $4,624,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Lincoln National Corp grew its holdings in Apple by 19.4% in the first quarter. Lincoln National Corp now owns 62,809 shares of the iPhone maker’s stock worth $9,023,000 after purchasing an additional 10,204 shares during the last quarter. Fairfield Bush & CO. grew its holdings in Apple by 21.5% in the first quarter. Fairfield Bush & CO. now owns 46,940 shares of the iPhone maker’s stock worth $6,743,000 after purchasing an additional 8,300 shares during the last quarter. Jaffetilchin Investment Partners LLC grew its holdings in Apple by 2.0% in the first quarter. Jaffetilchin Investment Partners LLC now owns 43,345 shares of the iPhone maker’s stock worth $6,227,000 after purchasing an additional 848 shares during the last quarter. Zweig DiMenna Associates LLC grew its holdings in Apple by 69.1% in the first quarter. Zweig DiMenna Associates LLC now owns 147,560 shares of the iPhone maker’s stock worth $21,198,000 after purchasing an additional 60,292 shares during the last quarter. Finally, Blue Chip Partners Inc. grew its holdings in Apple by 1.5% in the first quarter. Blue Chip Partners Inc. now owns 23,941 shares of the iPhone maker’s stock worth $3,439,000 after purchasing an additional 350 shares during the last quarter. 60.17% of the stock is owned by hedge funds and other institutional investors.

In other Apple news, SVP Johny Srouji sold 5,760 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the sale, the senior vice president now directly owns 81,560 shares in the company, valued at approximately $14,224,064. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Eduardo H. Cue sold 65,361 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total transaction of $11,215,947.60. The disclosure for this sale can be found here. Insiders have sold a total of 128,412 shares of company stock valued at $22,115,155 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

AAPL has been the topic of a number of research analyst reports. Loop Capital reissued a “buy” rating and set a $180.00 price objective on shares of Apple in a report on Saturday, September 16th. Guggenheim reissued a “buy” rating and set a $200.00 price objective on shares of Apple in a report on Monday, September 18th. Mizuho reaffirmed a “hold” rating and issued a $150.00 price target on shares of Apple in a report on Monday, September 18th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $150.00 price target on shares of Apple in a report on Thursday, September 21st. Finally, Vetr raised shares of Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 price target on the stock in a report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, forty have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $198.94.

Apple Inc. (NASDAQ AAPL) opened at $177.09 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. The firm has a market cap of $909,240.00, a P/E ratio of 19.27, a P/E/G ratio of 1.43 and a beta of 1.23. Apple Inc. has a 1 year low of $118.22 and a 1 year high of $177.36.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.20. The firm had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company posted $1.50 EPS. analysts expect that Apple Inc. will post 11.18 earnings per share for the current fiscal year.

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Apple Profile

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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