Foster Group Inc. Has $32.20 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Foster Group Inc. reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,213 shares of the iPhone maker’s stock after selling 8,815 shares during the quarter. Apple accounts for approximately 1.2% of Foster Group Inc.’s holdings, making the stock its 27th biggest position. Foster Group Inc.’s holdings in Apple were worth $32,204,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AAPL. Hershey Financial Advisers LLC bought a new stake in Apple in the 2nd quarter valued at $42,000. Access Investment Management LLC bought a new stake in Apple in the 1st quarter valued at $140,000. Hoese & Co LLP increased its holdings in Apple by 6.7% in the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after buying an additional 57 shares during the period. Sage Financial Group Inc. bought a new stake in Apple in the 2nd quarter valued at $206,000. Finally, Benchmark Wealth Management LLC bought a new stake in Apple in the 2nd quarter valued at $208,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Apple

In related news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 61,019 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the transaction, the senior vice president now directly owns 187,043 shares of the company’s stock, valued at $42,309,126.60. This represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 408,170 shares of company stock valued at $92,007,745 in the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

Apple Price Performance

Shares of AAPL opened at $229.87 on Friday. The stock has a market capitalization of $3.47 trillion, a P/E ratio of 37.81, a P/E/G ratio of 2.24 and a beta of 1.24. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49. The company has a 50 day moving average of $227.73 and a 200-day moving average of $217.81. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. The company had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the business earned $1.46 EPS. As a group, equities research analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Apple’s dividend payout ratio is currently 16.45%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AAPL shares. Wedbush reaffirmed an “outperform” rating and issued a $285.00 target price on shares of Apple in a report on Monday, September 9th. Melius Research reaffirmed a “buy” rating and issued a $265.00 target price on shares of Apple in a report on Tuesday, August 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 target price on shares of Apple in a report on Friday, November 1st. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $265.00 target price on shares of Apple in a report on Tuesday, September 10th. Finally, Citigroup upped their target price on shares of Apple to $185.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average target price of $235.25.

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.