Conrad Siegel Investment Advisors Inc. Increases Holdings in Apple Inc. (NASDAQ:AAPL)

Conrad Siegel Investment Advisors Inc. increased its stake in Apple Inc. (NASDAQ:AAPL) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,320 shares of the iPhone maker’s stock after buying an additional 218 shares during the quarter. Apple comprises approximately 0.6% of Conrad Siegel Investment Advisors Inc.’s holdings, making the stock its 14th largest holding. Conrad Siegel Investment Advisors Inc.’s holdings in Apple were worth $2,174,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AAPL. Yeomans Consulting Group Inc. purchased a new stake in shares of Apple in the 4th quarter worth approximately $1,713,000. Raleigh Capital Management Inc. boosted its position in shares of Apple by 11.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 15,511 shares of the iPhone maker’s stock worth $2,986,000 after purchasing an additional 1,643 shares in the last quarter. GLOBALT Investments LLC GA purchased a new position in Apple during the 4th quarter worth $38,406,000. Barden Capital Management Inc. increased its position in Apple by 132.8% during the 4th quarter. Barden Capital Management Inc. now owns 32,636 shares of the iPhone maker’s stock valued at $6,283,000 after buying an additional 18,615 shares in the last quarter. Finally, Sunpointe LLC purchased a new position in shares of Apple in the 4th quarter valued at approximately $4,782,000. 60.41% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total value of $1,958,850.00. Following the transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,469,275. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the transaction, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. The disclosure for this sale can be found here. Insiders sold 113,884 shares of company stock valued at $23,723,887 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Down 2.7 %

Shares of NASDAQ:AAPL opened at $222.77 on Wednesday. The firm has a 50 day simple moving average of $222.57 and a 200 day simple moving average of $196.53. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.23. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. The company has a market cap of $3.42 trillion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.69 and a beta of 1.24.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The company had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. During the same quarter in the prior year, the company earned $1.26 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Analysts Set New Price Targets

AAPL has been the subject of a number of recent research reports. Barclays reduced their price objective on Apple from $187.00 to $186.00 and set an “underweight” rating for the company in a research note on Friday, August 2nd. Moffett Nathanson started coverage on Apple in a report on Monday, August 19th. They issued a “neutral” rating and a $211.00 target price for the company. Morgan Stanley reiterated an “overweight” rating and set a $273.00 price target on shares of Apple in a report on Tuesday, August 27th. Bank of America reiterated a “buy” rating and issued a $256.00 target price on shares of Apple in a report on Tuesday, August 27th. Finally, Piper Sandler Companies reiterated a “neutral” rating and set a $225.00 price target (up from $190.00) on shares of Apple in a report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $237.30.

Apple Company Profile

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.