Apple Inc. (NASDAQ:AAPL) is BetterWealth LLC’s 2nd Largest Position

BetterWealth LLC trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 141,249 shares of the iPhone maker’s stock after selling 5,249 shares during the quarter. Apple makes up 9.7% of BetterWealth LLC’s investment portfolio, making the stock its 2nd largest position. BetterWealth LLC’s holdings in Apple were worth $32,911,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Hershey Financial Advisers LLC acquired a new position in Apple during the second quarter worth about $42,000. Christopher J. Hasenberg Inc lifted its stake in Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares in the last quarter. Cordant Inc. boosted its holdings in shares of Apple by 34.3% during the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock worth $158,000 after purchasing an additional 173 shares during the last quarter. Hoese & Co LLP grew its position in shares of 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 purchasing an additional 57 shares in the last quarter. Finally, Sage Financial Group Inc. acquired a new stake in shares of Apple in the second quarter valued at approximately $206,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Transactions at Apple

In other news, insider Chris Kondo sold 4,130 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the sale, the insider now owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were 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 trade represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 508,170 shares of company stock worth $117,004,745. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on AAPL shares. Oppenheimer restated a “buy” rating and issued a $250.00 target price on shares of Apple in a report on Tuesday, October 1st. 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. Monness Crespi & Hardt reiterated a “buy” rating and issued a $245.00 target price on shares of Apple in a report on Monday, September 9th. Jefferies Financial Group downgraded shares of Apple from a “buy” rating to a “hold” rating and raised their price target for the stock from $205.00 to $212.92 in a report on Monday, October 7th. Finally, StockNews.com cut Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $236.78.

Apple Trading Up 1.9 %

AAPL opened at $254.49 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a one year low of $164.07 and a one year high of $255.00. The company has a market cap of $3.85 trillion, a P/E ratio of 41.86, a PEG ratio of 2.41 and a beta of 1.23. The business’s 50-day simple moving average is $234.97 and its 200-day simple moving average is $225.48.

Apple (NASDAQ:AAPL) last issued 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. The business had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.46 EPS. As a group, equities research analysts expect that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Friday, November 8th. Apple’s payout ratio is 16.45%.

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.