Apple Inc. (NASDAQ:AAPL) Shares Sold by Conrad Siegel Investment Advisors Inc.

Conrad Siegel Investment Advisors Inc. lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,102 shares of the iPhone maker’s stock after selling 355 shares during the period. Apple makes up 0.5% of Conrad Siegel Investment Advisors Inc.’s investment portfolio, making the stock its 14th largest position. Conrad Siegel Investment Advisors Inc.’s holdings in Apple were worth $1,732,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Norges Bank acquired a new position in shares of Apple in the 4th quarter worth approximately $33,912,466,000. International Assets Investment Management LLC grew its stake in shares of Apple by 14,395.4% in the fourth quarter. International Assets Investment Management LLC now owns 70,700,395 shares of the iPhone maker’s stock valued at $136,119,470,000 after buying an additional 70,212,651 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Apple by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 1,318,064,349 shares of the iPhone maker’s stock valued at $253,766,929,000 after buying an additional 18,067,216 shares during the period. Cerity Partners LLC lifted its stake in Apple by 130.1% during the 4th quarter. Cerity Partners LLC now owns 9,430,190 shares of the iPhone maker’s stock worth $1,815,594,000 after acquiring an additional 5,331,439 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new position in Apple during the 4th quarter valued at about $560,388,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the sale, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Timothy D. Cook sold 99,183 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the transaction, the chief executive officer now owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the sale, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 346,270 shares of company stock valued at $60,880,196. Insiders own 0.06% of the company’s stock.

Apple Stock Down 1.0 %

Shares of NASDAQ AAPL opened at $207.49 on Friday. The business has a 50-day moving average price of $187.87 and a 200 day moving average price of $184.81. The stock has a market cap of $3.18 trillion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 2.55 and a beta of 1.25. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.24. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $220.20.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.02. The business had revenue of $90.75 billion during the quarter, compared to the consensus estimate of $90.37 billion. Apple had a return on equity of 148.33% and a net margin of 26.31%. The company’s revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.52 earnings per share. Equities research analysts forecast that Apple Inc. will post 6.58 earnings per share for the current year.

Apple declared that its board has authorized a share repurchase plan on Thursday, May 2nd that permits the company to repurchase $110.00 billion in outstanding shares. This repurchase authorization permits the iPhone maker to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 13th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.48%. This is a boost from Apple’s previous quarterly dividend of $0.24. Apple’s dividend payout ratio is currently 15.55%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Loop Capital cut their price target on shares of Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a research note on Monday, April 1st. Maxim Group assumed coverage on shares of Apple in a report on Wednesday, April 17th. They set a “hold” rating and a $178.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on shares of Apple from $225.00 to $245.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 18th. Tigress Financial upped their price objective on Apple from $240.00 to $245.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 30th. Finally, Erste Group Bank upgraded Apple from a “hold” rating to a “buy” rating in a report on Friday, June 14th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average price target of $209.38.

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.