Conrad Siegel Investment Advisors Inc. Grows Holdings in Apple Inc. (NASDAQ:AAPL)

Conrad Siegel Investment Advisors Inc. lifted its position in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,457 shares of the iPhone maker’s stock after purchasing an additional 527 shares during the period. Apple comprises 0.9% of Conrad Siegel Investment Advisors Inc.’s investment portfolio, making the stock its 9th largest holding. Conrad Siegel Investment Advisors Inc.’s holdings in Apple were worth $2,013,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Apple by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after acquiring an additional 8,734,393 shares during the period. State Street Corp lifted its stake in shares of Apple by 0.5% in the second quarter. State Street Corp now owns 578,897,858 shares of the iPhone maker’s stock worth $112,288,818,000 after acquiring an additional 2,616,084 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in shares of Apple by 116,483.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock worth $74,002,245,000 after acquiring an additional 569,066,184 shares during the period. Geode Capital Management LLC lifted its stake in shares of Apple by 2.2% in the second quarter. Geode Capital Management LLC now owns 291,538,165 shares of the iPhone maker’s stock worth $56,396,763,000 after acquiring an additional 6,367,053 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Apple by 3.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 234,017,381 shares of the iPhone maker’s stock worth $38,589,468,000 after acquiring an additional 7,736,013 shares during the period. 60.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several recent analyst reports. Piper Sandler dropped their price target on Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. Loop Capital dropped their price target on Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a research note on Monday. Morgan Stanley reissued an “overweight” rating and issued a $220.00 price target on shares of Apple in a research note on Friday, March 22nd. Monness Crespi & Hardt boosted their price target on Apple from $189.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Robert W. Baird boosted their price target on Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $204.23.

View Our Latest Stock Report on Apple

Apple Trading Down 0.7 %

Shares of Apple stock opened at $168.84 on Wednesday. The stock has a fifty day simple moving average of $180.27 and a 200 day simple moving average of $182.59. Apple Inc. has a 12-month low of $159.78 and a 12-month high of $199.62. The company has a market capitalization of $2.61 trillion, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. The firm had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.88 EPS. On average, sell-side analysts anticipate that Apple Inc. will post 6.55 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.57%. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Insider Buying and Selling at Apple

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the transaction, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.06% of the company’s stock.

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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