Aspire Wealth Management Corp Sells 162 Shares of Apple Inc. (NASDAQ:AAPL)

Aspire Wealth Management Corp lowered its stake in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 0.8% during the third quarter, HoldingsChannel reports. The firm owned 19,317 shares of the iPhone maker’s stock after selling 162 shares during the quarter. Apple makes up 2.4% of Aspire Wealth Management Corp’s investment portfolio, making the stock its 13th largest position. Aspire Wealth Management Corp’s holdings in Apple were worth $4,501,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Bull Oak Capital LLC grew its position in shares of Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after acquiring an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new stake in Apple in the 2nd quarter valued at about $42,000. Christopher J. Hasenberg Inc grew its holdings in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares during the period. ARK Investment Management LLC acquired a new position in Apple during the third quarter worth approximately $110,000. Finally, Cordant Inc. raised its stake in Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock valued at $158,000 after buying an additional 173 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Performance

Shares of AAPL opened at $234.40 on Tuesday. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The company has a market cap of $3.54 trillion, a PE ratio of 38.55, a P/E/G ratio of 2.41 and a beta of 1.20. The stock has a 50-day moving average of $240.43 and a 200-day moving average of $230.36. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83.

Apple (NASDAQ:AAPLGet Free Report) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the prior year, the company posted $1.46 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. On average, equities research analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.43%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AAPL. Morgan Stanley restated an “overweight” rating and issued a $273.00 price target on shares of Apple in a research note on Friday, December 13th. Barclays raised their target price on shares of Apple to $184.00 and gave the stock a “sell” rating in a research note on Friday. Moffett Nathanson reiterated a “sell” rating and issued a $188.00 price target (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. UBS Group restated a “neutral” rating and set a $236.00 price objective on shares of Apple in a research report on Monday, December 2nd. Finally, Evercore ISI reaffirmed a “buy” rating and issued a $250.00 target price on shares of Apple in a research report on Thursday, September 26th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus price target of $239.85.

Read Our Latest Analysis on AAPL

Insider Buying and Selling at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

About Apple

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLFree Report).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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