Clearview Wealth Advisors LLC Decreases Stock Position in Apple Inc. (NASDAQ:AAPL)

Clearview Wealth Advisors LLC cut its position in shares of Apple Inc. (NASDAQ:AAPL) by 5.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,601 shares of the iPhone maker’s stock after selling 346 shares during the period. Apple makes up about 1.0% of Clearview Wealth Advisors LLC’s portfolio, making the stock its 25th biggest holding. Clearview Wealth Advisors LLC’s holdings in Apple were worth $1,305,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AAPL. Hershey Financial Advisers LLC bought a new stake in Apple in the second quarter worth $42,000. Christopher J. Hasenberg Inc grew its holdings in Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after purchasing an additional 144 shares during the last quarter. Hoese & Co LLP grew its holdings in 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 purchasing an additional 57 shares during the last quarter. Sage Financial Group Inc. bought a new stake in Apple in the second quarter worth about $206,000. Finally, Benchmark Wealth Management LLC purchased a new position in shares of Apple during the second quarter valued at approximately $208,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the topic of a number of research analyst reports. Piper Sandler restated a “neutral” rating and issued a $225.00 price target on shares of Apple in a report on Wednesday, October 9th. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $245.00 target price on shares of Apple in a research report on Monday, September 9th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $265.00 price target on shares of Apple in a report on Tuesday, September 10th. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Morgan Stanley restated an “overweight” rating and set a $273.00 price target on shares of Apple in a research note on Monday, November 25th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average price target of $235.68.

Insider Transactions at Apple

In related news, CFO Luca Maestri sold 59,305 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at $24,416,137.76. This trade represents a 35.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Chris Kondo sold 4,130 shares of Apple 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 directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 408,170 shares of company stock worth $92,007,745. 0.06% of the stock is currently owned by insiders.

Apple Trading Down 0.1 %

Shares of Apple stock opened at $242.84 on Friday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $244.63. 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 firm has a market capitalization of $3.67 trillion, a price-to-earnings ratio of 39.94, a PEG ratio of 2.38 and a beta of 1.23. The stock has a 50 day moving average of $230.23 and a 200 day moving average of $221.05.

Apple (NASDAQ:AAPL) last released its earnings results 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 return on equity of 152.94% and a net margin of 23.97%. The firm had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. During the same period in the previous year, the firm posted $1.46 EPS. Apple’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, research analysts predict that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The business 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. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. Apple’s payout ratio is currently 16.45%.

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.