Better Money Decisions LLC Has $3.72 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Better Money Decisions LLC cut its holdings in Apple Inc. (NASDAQ:AAPL) by 3.1% during the 2nd quarter, Holdings Channel reports. The fund owned 17,646 shares of the iPhone maker’s stock after selling 563 shares during the period. Apple comprises 2.8% of Better Money Decisions LLC’s portfolio, making the stock its 10th biggest holding. Better Money Decisions LLC’s holdings in Apple were worth $3,717,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AAPL. Yeomans Consulting Group Inc. bought a new stake in Apple during the fourth quarter valued at about $1,713,000. Raleigh Capital Management Inc. boosted its holdings in shares of Apple by 11.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 15,511 shares of the iPhone maker’s stock valued at $2,986,000 after purchasing an additional 1,643 shares during the last quarter. GLOBALT Investments LLC GA purchased a new position in shares of Apple during the fourth quarter valued at about $38,406,000. Barden Capital Management Inc. increased its holdings in shares of Apple by 132.8% in the fourth quarter. Barden Capital Management Inc. now owns 32,636 shares of the iPhone maker’s stock worth $6,283,000 after purchasing an additional 18,615 shares during the last quarter. Finally, Sunpointe LLC bought a new stake in shares of Apple in the fourth quarter worth about $4,782,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Price Performance

Shares of AAPL opened at $227.52 on Friday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.23. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. The company has a market capitalization of $3.49 trillion, a P/E ratio of 35.38, a P/E/G ratio of 2.66 and a beta of 1.24. The business’s 50-day moving average is $222.05 and its two-hundred day moving average is $201.39.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The company had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. During the same period in the previous year, the company posted $1.26 earnings per share. Apple’s revenue for the quarter was up 4.9% on a year-over-year basis. Research analysts predict that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date was Monday, August 12th. Apple’s payout ratio is 15.55%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AAPL. UBS Group raised their target price on shares of Apple from $190.00 to $236.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. KeyCorp reissued a “hold” rating and issued a $247.61 price objective on shares of Apple in a research report on Wednesday, August 28th. Loop Capital raised Apple from a “hold” rating to a “buy” rating and upped their price objective for the company from $170.00 to $300.00 in a research report on Monday, July 15th. The Goldman Sachs Group lifted their price objective on shares of Apple from $265.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, StockNews.com upgraded Apple from a “hold” rating to a “buy” rating in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.76.

Insider Buying and Selling

In other news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the sale, the insider now owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,884 shares of company stock worth $23,723,887. Insiders own 0.06% of the company’s stock.

About Apple

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.