BetterWealth LLC Trims Position in Apple Inc. (NASDAQ:AAPL)

BetterWealth LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 141,249 shares of the iPhone maker's stock after selling 5,249 shares during the quarter. Apple makes up approximately 9.7% of BetterWealth LLC's holdings, making the stock its 2nd biggest holding. BetterWealth LLC's holdings in Apple were worth $32,911,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AAPL. Hershey Financial Advisers LLC acquired a new position in Apple during the second quarter valued at approximately $42,000. Christopher J. Hasenberg Inc raised its holdings in shares of Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock worth $69,000 after acquiring an additional 144 shares during the period. Cordant Inc. increased its holdings in Apple by 34.3% during the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker's stock worth $158,000 after purchasing an additional 173 shares in the last quarter. Hoese & Co LLP raised its position 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 last quarter. Finally, Sage Financial Group Inc. acquired a new position in Apple during the 2nd quarter worth approximately $206,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Price Performance

Shares of AAPL traded up $4.70 during trading hours on Friday, hitting $254.49. 145,580,875 shares of the company were exchanged, compared to its average volume of 57,671,145. 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 Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $255.00. The company has a market cap of $3.85 trillion, a price-to-earnings ratio of 41.86, a P/E/G ratio of 2.41 and a beta of 1.23. The firm's fifty day moving average is $234.97 and its 200 day moving average is $225.70.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. During the same period last year, the firm earned $1.46 EPS. The business's quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.39%. The ex-dividend date was Friday, November 8th. Apple's payout ratio is presently 16.45%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AAPL shares. Loop Capital cut their price objective on shares of Apple from $300.00 to $275.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Barclays reduced their price objective on shares of Apple from $186.00 to $184.00 and set an "underweight" rating for the company in a research note on Friday, November 1st. Wells Fargo & Company lifted their target price on Apple to $275.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Wedbush reissued an "outperform" rating and set a $300.00 price target on shares of Apple in a research report on Friday, November 29th. Finally, Jefferies Financial Group lowered Apple from a "buy" rating to a "hold" rating and boosted their price target for the stock from $205.00 to $212.92 in a research report on Monday, October 7th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $236.78.

Insider Buying and Selling at Apple

In related news, COO Jeffrey E. Williams sold 59,730 shares of the company's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the completion of the transaction, the chief operating officer now directly owns 489,944 shares in the company, valued at $111,148,695.84. This represents a 10.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the firm's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. This represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 508,170 shares of company stock valued at $117,004,745. 0.06% of the stock is currently owned by corporate insiders.

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.