Aspire Wealth Management Corp lowered its stake in shares of Apple Inc. (NASDAQ:AAPL – Free 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 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
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.
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