Forthright Family Wealth Advisory LLC Has $2.60 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Forthright Family Wealth Advisory LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 20.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,717 shares of the iPhone maker’s stock after selling 2,738 shares during the quarter. Apple makes up approximately 1.6% of Forthright Family Wealth Advisory LLC’s portfolio, making the stock its 17th largest holding. Forthright Family Wealth Advisory LLC’s holdings in Apple were worth $2,602,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Absher Wealth Management LLC increased its position in Apple by 1.3% in the 2nd quarter. Absher Wealth Management LLC now owns 113,796 shares of the iPhone maker’s stock worth $23,968,000 after buying an additional 1,499 shares during the period. Cozad Asset Management Inc. increased its position in Apple by 3.2% during the second quarter. Cozad Asset Management Inc. now owns 173,409 shares of the iPhone maker’s stock worth $36,523,000 after acquiring an additional 5,328 shares during the period. Fortis Capital Advisors LLC raised its stake in Apple by 10.0% during the 2nd quarter. Fortis Capital Advisors LLC now owns 74,059 shares of the iPhone maker’s stock valued at $15,598,000 after purchasing an additional 6,750 shares during the last quarter. Pacific Financial Group Inc. boosted its holdings in Apple by 8.0% in the 2nd quarter. Pacific Financial Group Inc. now owns 1,309 shares of the iPhone maker’s stock valued at $276,000 after purchasing an additional 97 shares during the period. Finally, Weaver Capital Management LLC grew its position in Apple by 18.0% in the 2nd quarter. Weaver Capital Management LLC now owns 17,609 shares of the iPhone maker’s stock worth $3,709,000 after purchasing an additional 2,687 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Performance

Shares of Apple stock opened at $244.60 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The firm has a 50 day simple moving average of $240.70 and a 200 day simple moving average of $231.59. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The firm has a market cap of $3.67 trillion, a P/E ratio of 38.83, a P/E/G ratio of 2.32 and a beta of 1.20.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Sell-side analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Insider Transactions at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $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.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. TD Cowen reaffirmed a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Argus upgraded Apple to a “strong-buy” rating in a research report on Friday, January 31st. Morgan Stanley boosted their price objective on Apple from $273.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Wedbush reaffirmed an “outperform” rating and issued a $325.00 target price on shares of Apple in a research report on Thursday, January 23rd. Finally, UBS Group reissued a “neutral” rating and issued a $236.00 price target on shares of Apple in a report on Monday, December 2nd. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average target price of $242.52.

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.