Clearview Wealth Advisors LLC Has $1.25 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Clearview Wealth Advisors LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 1.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,947 shares of the iPhone maker’s stock after selling 79 shares during the period. Apple comprises 1.1% of Clearview Wealth Advisors LLC’s holdings, making the stock its 22nd biggest position. Clearview Wealth Advisors LLC’s holdings in Apple were worth $1,253,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. A.P. Gilfoyle & Co. L.P. acquired a new position in shares of Apple during the 4th quarter worth $39,000. Access Investment Management LLC acquired a new stake in Apple during the 1st quarter valued at approximately $140,000. Hoese & Co LLP lifted its holdings in Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after buying an additional 57 shares during the period. Benchmark Wealth Management LLC bought a new stake in Apple in the second quarter worth approximately $208,000. Finally, Sequent Asset Management LLC acquired a new stake in Apple in the second quarter worth $214,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Apple

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Luca Maestri sold 59,305 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the transaction, the chief financial officer now owns 107,788 shares in the company, valued at approximately $24,416,137.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 517,924 shares of company stock worth $114,786,399. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AAPL. StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Maxim Group reaffirmed a “hold” rating and set a $203.00 price objective on shares of Apple in a report on Tuesday, September 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 target price on shares of Apple in a report on Thursday, September 19th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $265.00 target price on shares of Apple in a research note on Tuesday, September 10th. Finally, Bank of America reiterated a “buy” rating and set a $256.00 price target on shares of Apple in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $239.27.

Apple Stock Up 1.6 %

Shares of Apple stock opened at $231.30 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.23. The company has a market cap of $3.55 trillion, a price-to-earnings ratio of 35.97, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24. The company’s 50 day moving average is $224.06 and its 200 day moving average is $206.60.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping the consensus estimate of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The firm had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. During the same quarter last year, the company earned $1.26 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Research analysts anticipate that Apple Inc. will post 6.65 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio is 15.55%.

Apple 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.