Conrad Siegel Investment Advisors Inc. Purchases 204 Shares of Apple Inc. (NASDAQ:AAPL)

Conrad Siegel Investment Advisors Inc. lifted its stake in Apple Inc. (NASDAQ:AAPL) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,653 shares of the iPhone maker’s stock after purchasing an additional 204 shares during the period. Apple comprises about 0.7% of Conrad Siegel Investment Advisors Inc.’s investment portfolio, making the stock its 13th largest position. Conrad Siegel Investment Advisors Inc.’s holdings in Apple were worth $2,668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AAPL. High Net Worth Advisory Group LLC grew its holdings in Apple by 1.7% during the 3rd quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after acquiring an additional 1,066 shares in the last quarter. Amara Financial LLC. bought a new position in Apple during the 3rd quarter worth about $288,000. Granite Investment Partners LLC grew its holdings in Apple by 2.7% during the 2nd quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker’s stock worth $60,958,000 after acquiring an additional 7,606 shares in the last quarter. Truist Financial Corp grew its holdings in Apple by 1.8% during the 2nd quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock worth $1,473,224,000 after acquiring an additional 126,210 shares in the last quarter. Finally, Sterling Investment Counsel LLC grew its holdings in Apple by 3.8% during the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock worth $16,269,000 after acquiring an additional 2,565 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple Price Performance

Shares of AAPL stock opened at $245.55 on Friday. The stock has a 50 day moving average of $240.47 and a two-hundred day moving average of $232.72. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10. The company has a market capitalization of $3.69 trillion, a P/E ratio of 38.98, a P/E/G ratio of 2.44 and a beta of 1.20.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, equities analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. Apple’s dividend payout ratio is 15.87%.

Analysts Set New Price Targets

Several research firms have commented on AAPL. Evercore ISI increased their price target on shares of Apple to $260.00 and gave the company a “buy” rating in a research report on Thursday. Barclays increased their price target on shares of Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. Redburn Partners set a $230.00 price target on shares of Apple in a research report on Friday, January 31st. Raymond James increased their price target on shares of Apple to $250.00 and gave the company a “buy” rating in a research report on Monday, January 20th. Finally, Moffett Nathanson reissued a “sell” rating and set a $188.00 price target (down from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average target price of $244.85.

Insider Activity at Apple

In other Apple 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 directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.

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.