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

Moser Wealth Advisors LLC trimmed its position in Apple Inc. (NASDAQ:AAPL) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,322 shares of the iPhone maker’s stock after selling 420 shares during the quarter. Apple makes up approximately 7.9% of Moser Wealth Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Moser Wealth Advisors LLC’s holdings in Apple were worth $15,220,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lantz Financial LLC boosted its position in Apple by 8.6% during the second quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock valued at $6,266,000 after buying an additional 2,361 shares during the period. Fifth Third Bancorp grew its holdings in shares of Apple by 0.8% during the 2nd quarter. Fifth Third Bancorp now owns 6,202,902 shares of the iPhone maker’s stock worth $1,306,455,000 after acquiring an additional 48,719 shares during the period. Oak Harvest Investment Services boosted its holdings in shares of Apple by 3.1% during the 2nd quarter. Oak Harvest Investment Services now owns 124,883 shares of the iPhone maker’s stock valued at $26,303,000 after buying an additional 3,727 shares in the last quarter. Centennial Wealth Advisory LLC increased its stake in shares of Apple by 5.6% during the second quarter. Centennial Wealth Advisory LLC now owns 28,773 shares of the iPhone maker’s stock valued at $6,060,000 after purchasing an additional 1,529 shares in the last quarter. Finally, Geneva Partners LLC boosted its holdings in Apple by 2,181.9% in the second quarter. Geneva Partners LLC now owns 63,826 shares of the iPhone maker’s stock worth $13,443,000 after acquiring an additional 61,029 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on AAPL shares. Sanford C. Bernstein increased their target price on Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Piper Sandler reaffirmed a “neutral” rating and issued a $225.00 target price on shares of Apple in a report on Wednesday, October 9th. Evercore ISI reissued a “buy” rating and set a $250.00 price objective on shares of Apple in a report on Thursday, September 26th. Morgan Stanley restated an “overweight” rating and issued a $273.00 target price on shares of Apple in a report on Friday, December 13th. Finally, New Street Research reissued a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research report on Wednesday, September 25th. Three analysts have rated the stock with a sell rating, nine have assigned 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $239.85.

Apple Trading Up 0.8 %

Shares of Apple stock opened at $229.98 on Tuesday. The firm’s 50 day simple moving average is $241.01 and its two-hundred day simple moving average is $230.79. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $3.48 trillion, a price-to-earnings ratio of 37.83, a PEG ratio of 2.32 and a beta of 1.20.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The company 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 firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.46 earnings per share. Analysts predict that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. Apple’s payout ratio is 16.45%.

Insider Activity at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of the 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 sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

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.