Conscious Wealth Investments LLC Has $489,000 Position in Apple Inc. (NASDAQ:AAPL)

Conscious Wealth Investments LLC lessened its position in Apple Inc. (NASDAQ:AAPL) by 4.0% during the 3rd quarter, Holdings Channel reports. The firm owned 2,118 shares of the iPhone maker’s stock after selling 88 shares during the quarter. Conscious Wealth Investments LLC’s holdings in Apple were worth $489,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bull Oak Capital LLC lifted its holdings in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares in the last quarter. Hershey Financial Advisers LLC bought a new stake in shares of Apple during the second quarter worth $42,000. Christopher J. Hasenberg Inc lifted its stake in shares of Apple by 88.9% during 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. boosted its holdings 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 acquiring an additional 173 shares during the last quarter. Finally, Sage Financial Group Inc. acquired a new stake in Apple in the second quarter worth about $206,000. Institutional investors own 67.73% of the company’s stock.

Apple Trading Up 0.3 %

Apple stock opened at $259.02 on Friday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The firm’s 50 day moving average price is $237.00 and its 200-day moving average price is $227.21. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The stock has a market cap of $3.92 trillion, a P/E ratio of 42.60, a PEG ratio of 2.41 and a beta of 1.23.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The business had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.46 EPS. On average, equities analysts predict that Apple Inc. will post 7.43 earnings per share 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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio (DPR) is 16.45%.

Insider Activity

In other news, insider Chris Kondo sold 4,130 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the transaction, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey E. Williams sold 59,730 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the transaction, the chief operating officer now directly owns 489,944 shares in the company, valued at $111,148,695.84. This trade represents a 10.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, 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.

Analyst Ratings Changes

AAPL has been the topic of several recent research reports. Maxim Group raised their target price on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Piper Sandler reaffirmed a “neutral” rating and set a $225.00 target price on shares of Apple in a report on Wednesday, October 9th. Morgan Stanley reissued an “overweight” rating and issued a $273.00 price target on shares of Apple in a research note on Friday, December 13th. Barclays decreased their price objective on Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, November 1st. Finally, New Street Research reissued a “neutral” rating and issued a $225.00 target price on shares of Apple in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $237.47.

Apple Company 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.