Semus Wealth Partners LLC Grows Stock Position in Apple Inc. (NASDAQ:AAPL)

Semus Wealth Partners LLC boosted its stake in Apple Inc. (NASDAQ:AAPLFree Report) by 0.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 136,460 shares of the iPhone maker’s stock after buying an additional 338 shares during the period. Apple accounts for approximately 21.8% of Semus Wealth Partners LLC’s portfolio, making the stock its largest position. Semus Wealth Partners LLC’s holdings in Apple were worth $23,363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AAPL. Center For Asset Management LLC lifted its holdings in shares of Apple by 53.3% during the second quarter. Center For Asset Management LLC now owns 21,898 shares of the iPhone maker’s stock valued at $4,247,000 after purchasing an additional 7,616 shares during the last quarter. Kingdom Financial Group LLC. lifted its holdings in shares of Apple by 5.5% during the third quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock valued at $1,963,000 after purchasing an additional 598 shares during the last quarter. RFG Advisory LLC lifted its holdings in shares of Apple by 13.6% during the third quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock valued at $29,589,000 after purchasing an additional 20,737 shares during the last quarter. Conrad Siegel Investment Advisors Inc. lifted its holdings in shares of Apple by 22.2% during the second quarter. Conrad Siegel Investment Advisors Inc. now owns 7,897 shares of the iPhone maker’s stock valued at $1,532,000 after purchasing an additional 1,436 shares during the last quarter. Finally, Tsfg LLC lifted its holdings in shares of Apple by 2.2% during the third quarter. Tsfg LLC now owns 50,943 shares of the iPhone maker’s stock valued at $8,722,000 after purchasing an additional 1,091 shares during the last quarter. 58.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Monness Crespi & Hardt raised their price target on shares of Apple from $189.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. The Goldman Sachs Group raised their price target on shares of Apple from $223.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Robert W. Baird raised their price target on shares of Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Redburn Atlantic downgraded shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 price target for the company. in a research report on Wednesday, January 10th. Finally, Needham & Company LLC reissued a “buy” rating and set a $220.00 price target on shares of Apple in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $205.72.

Check Out Our Latest Stock Analysis on AAPL

Insider Activity at Apple

In other news, SVP Katherine L. Adams sold 123,448 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $188.79, for a total value of $23,305,747.92. Following the completion of the sale, the senior vice president now directly owns 293,266 shares of the company’s stock, valued at approximately $55,365,688.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Chris Kondo sold 5,513 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $192.00, for a total value of $1,058,496.00. Following the completion of the sale, the insider now directly owns 29,174 shares of the company’s stock, valued at approximately $5,601,408. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Katherine L. Adams sold 123,448 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $188.79, for a total value of $23,305,747.92. Following the completion of the sale, the senior vice president now directly owns 293,266 shares of the company’s stock, valued at $55,365,688.14. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

Apple Stock Performance

NASDAQ AAPL opened at $187.15 on Tuesday. The firm has a market cap of $2.89 trillion, a price-to-earnings ratio of 29.15, a price-to-earnings-growth ratio of 2.27 and a beta of 1.31. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. The business has a 50-day moving average price of $190.46 and a 200-day moving average price of $184.00. Apple Inc. has a twelve month low of $143.90 and a twelve month high of $199.62.

Apple (NASDAQ:AAPLGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The firm had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.88 earnings per share. As a group, equities research analysts predict that Apple Inc. will post 6.56 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 12th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Friday, February 9th. Apple’s payout ratio is presently 14.95%.

Apple Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLFree Report).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.