Motive Wealth Advisors Has $846,000 Holdings in Apple Inc. (NASDAQ:AAPL)

Motive Wealth Advisors cut its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 28.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,191 shares of the iPhone maker’s stock after selling 2,500 shares during the quarter. Motive Wealth Advisors’ holdings in Apple were worth $846,000 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 the company. CFS Investment Advisory Services LLC grew its position in Apple by 18,263.5% in the 1st quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock worth $47,000 after purchasing an additional 7,416,445 shares during the last quarter. Spence Asset Management acquired a new stake in Apple in the 2nd quarter worth $49,000. HBC Financial Services PLLC grew its position in Apple by 21.7% in the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares during the last quarter. Emerson Wealth LLC grew its position in Apple by 27.0% in the 2nd quarter. Emerson Wealth LLC now owns 518 shares of the iPhone maker’s stock worth $71,000 after purchasing an additional 110 shares during the last quarter. Finally, Darrow Company Inc. acquired a new stake in Apple in the 2nd quarter worth $107,000. 57.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AAPL shares. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Apple from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Barclays decreased their target price on shares of Apple from $156.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Monday, November 7th. Credit Suisse Group set a $184.00 target price on shares of Apple in a research report on Thursday, November 17th. Citigroup reiterated a “buy” rating and set a $175.00 target price on shares of Apple in a research report on Tuesday, November 8th. Finally, StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a research report on Saturday, November 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average target price of $176.26.

Insider Activity at Apple

In related news, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the completion of the transaction, the chief financial officer now owns 110,673 shares in the company, valued at $17,259,454.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the completion of the transaction, the chief financial officer now owns 110,673 shares in the company, valued at $17,259,454.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Deirdre O’brien sold 8,053 shares of the business’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the transaction, the senior vice president now owns 136,290 shares of the company’s stock, valued at approximately $19,414,510.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 360,651 shares of company stock worth $53,703,645. 0.06% of the stock is currently owned by company insiders.

Apple Trading Down 2.2 %

AAPL opened at $148.01 on Tuesday. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85. The company has a market cap of $2.35 trillion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 1.93 and a beta of 1.25. The firm has a 50 day simple moving average of $146.78 and a 200 day simple moving average of $149.71. Apple Inc. has a fifty-two week low of $129.04 and a fifty-two week high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.02. The business had revenue of $90.15 billion during the quarter, compared to the consensus estimate of $88.77 billion. Apple had a net margin of 25.31% and a return on equity of 160.90%. Apple’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.24 earnings per share. On average, sell-side analysts anticipate that Apple Inc. will post 6.26 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Friday, November 4th. Apple’s dividend payout ratio is currently 15.06%.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

Further Reading

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.