Perigon Wealth Management LLC Has $91.41 Million Position in Apple Inc. (NASDAQ:AAPL)

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Perigon Wealth Management LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 646,017 shares of the iPhone maker’s stock after selling 5,575 shares during the period. Apple comprises 7.9% of Perigon Wealth Management LLC’s portfolio, making the stock its largest position. Perigon Wealth Management LLC’s holdings in Apple were worth $91,411,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. First Bank & Trust grew its holdings in Apple by 0.4% in the 3rd quarter. First Bank & Trust now owns 17,600 shares of the iPhone maker’s stock valued at $2,491,000 after buying an additional 69 shares during the period. Blossom Wealth Management grew its holdings in Apple by 1.4% in the 3rd quarter. Blossom Wealth Management now owns 5,197 shares of the iPhone maker’s stock valued at $735,000 after buying an additional 70 shares during the period. Gibson Capital LLC grew its holdings in Apple by 0.7% in the 3rd quarter. Gibson Capital LLC now owns 9,442 shares of the iPhone maker’s stock valued at $1,330,000 after buying an additional 70 shares during the period. FOCUS Wealth Advisors LLC grew its holdings in Apple by 0.5% in the 3rd quarter. FOCUS Wealth Advisors LLC now owns 14,609 shares of the iPhone maker’s stock valued at $2,067,000 after buying an additional 71 shares during the period. Finally, Salzhauer Michael grew its holdings in Apple by 2.6% in the 2nd quarter. Salzhauer Michael now owns 3,120 shares of the iPhone maker’s stock valued at $427,000 after buying an additional 80 shares during the period. 56.40% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Chris Kondo sold 9,005 shares of the stock in a transaction on Friday, November 12th. The stock was sold at an average price of $150.00, for a total value of $1,350,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey E. Williams sold 165,829 shares of the stock in a transaction on Monday, October 4th. The stock was sold at an average price of $138.83, for a total value of $23,022,040.07. The disclosure for this sale can be found here. Insiders sold 473,347 shares of company stock worth $67,822,283 over the last ninety days. 0.06% of the stock is owned by corporate insiders.

Several analysts have commented on the company. Fundamental Research lifted their price target on Apple from $163.99 to $164.79 and gave the company a “buy” rating in a report on Tuesday, November 23rd. Oppenheimer boosted their target price on Apple from $165.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, October 29th. The Goldman Sachs Group set a $142.00 target price on Apple in a report on Wednesday, December 8th. Robert W. Baird reiterated a “buy” rating and set a $169.00 target price on shares of Apple in a report on Friday, October 29th. Finally, Jefferies Financial Group assumed coverage on Apple in a report on Monday, September 13th. They set a “buy” rating and a $175.00 target price for the company. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $173.06.

Shares of NASDAQ AAPL opened at $177.57 on Friday. Apple Inc. has a 1-year low of $116.21 and a 1-year high of $182.13. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.07 and a quick ratio of 1.02. The business’s fifty day moving average price is $162.90 and its two-hundred day moving average price is $151.15. The firm has a market capitalization of $2.91 trillion, a PE ratio of 31.60, a P/E/G ratio of 2.42 and a beta of 1.20.

Apple (NASDAQ:AAPL) last issued its earnings results on Wednesday, October 27th. The iPhone maker reported $1.24 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.24. Apple had a return on equity of 144.13% and a net margin of 25.88%. The firm had revenue of $83.40 billion for the quarter, compared to analyst estimates of $84.94 billion. During the same period last year, the company earned $0.73 earnings per share. The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. Equities research analysts expect that Apple Inc. will post 5.82 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 11th. Shareholders of record on Monday, November 8th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Friday, November 5th. Apple’s dividend payout ratio is presently 15.66%.

Apple Profile

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

Further Reading: What is Cost of Goods Sold (COGS)?

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