FSC Wealth Advisors LLC Has $3.03 Million Holdings in Apple Inc. (NASDAQ:AAPL)

FSC Wealth Advisors LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.5% during the third quarter, Holdings Channel.com reports. The fund owned 12,996 shares of the iPhone maker’s stock after selling 330 shares during the quarter. Apple comprises 2.2% of FSC Wealth Advisors LLC’s portfolio, making the stock its 13th biggest holding. FSC Wealth Advisors LLC’s holdings in Apple were worth $3,028,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hershey Financial Advisers LLC purchased a new stake in shares of Apple during the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc boosted its position in shares of Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after acquiring an additional 144 shares during the period. Cordant Inc. increased its holdings in shares of Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock worth $158,000 after purchasing an additional 173 shares during the period. Hoese & Co LLP boosted its position in shares of Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after acquiring an additional 57 shares during the last quarter. Finally, Sage Financial Group Inc. purchased a new position in Apple in the 2nd quarter worth approximately $206,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AAPL. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $265.00 target price on shares of Apple in a report on Tuesday, September 10th. Citigroup raised their target price on Apple to $185.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. New Street Research reiterated a “neutral” rating and set a $225.00 target price on shares of Apple in a report on Wednesday, September 25th. KeyCorp downgraded Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price target on the stock. in a report on Friday, October 25th. Finally, Jefferies Financial Group downgraded Apple from a “buy” rating to a “hold” rating and increased their target price for the company from $205.00 to $212.92 in a report on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $236.78.

Apple Trading Up 0.7 %

Shares of AAPL opened at $249.79 on Friday. The company’s fifty day moving average is $234.43 and its 200 day moving average is $225.06. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $254.28. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The stock has a market capitalization of $3.78 trillion, a PE ratio of 41.08, a P/E/G ratio of 2.41 and a beta of 1.23.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS 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 company had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. During the same period in the previous year, the firm earned $1.46 earnings per share. Apple’s quarterly revenue was up 6.1% compared to the same quarter last year. Sell-side analysts expect that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio is currently 16.45%.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Timothy D. Cook sold 223,986 shares of the business’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 in the company, valued at approximately $736,269,202.80. This trade represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 508,170 shares of company stock valued at $117,004,745. 0.06% of the stock is currently owned by company insiders.

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.