Conrad Siegel Investment Advisors Inc. Reduces Stock Holdings in Apple Inc. $AAPL

Conrad Siegel Investment Advisors Inc. trimmed its position in Apple Inc. (NASDAQ:AAPL) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,194 shares of the iPhone maker’s stock after selling 161 shares during the period. Apple comprises 0.5% of Conrad Siegel Investment Advisors Inc.’s portfolio, making the stock its 18th biggest holding. Conrad Siegel Investment Advisors Inc.’s holdings in Apple were worth $2,092,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AAPL. Kingstone Capital Partners Texas LLC lifted its position in shares of Apple by 573,627.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock valued at $39,065,374,000 after buying an additional 205,656,808 shares in the last quarter. Norges Bank purchased a new position in Apple in the 4th quarter worth approximately $46,868,648,000. Nuveen LLC purchased a new position in Apple in the 1st quarter worth approximately $17,472,482,000. GAMMA Investing LLC lifted its holdings in Apple by 25,934.1% in the 1st quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker’s stock worth $133,425,490,000 after purchasing an additional 59,835,676 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Apple by 13.3% in the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock worth $42,918,365,000 after purchasing an additional 20,079,472 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Jefferies Financial Group reissued an “underperform” rating and issued a $205.16 price target (down from $205.82) on shares of Apple in a report on Friday. Barclays boosted their price target on Apple from $173.00 to $180.00 and gave the stock an “underweight” rating in a report on Friday, August 1st. Citigroup reissued a “buy” rating on shares of Apple in a report on Wednesday, September 10th. Raymond James Financial reissued an “outperform” rating and issued a $240.00 price target (up from $230.00) on shares of Apple in a report on Friday, August 1st. Finally, Moffett Nathanson raised Apple from a “sell” rating to a “neutral” rating and set a $225.00 price target on the stock in a report on Thursday, September 4th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $247.49.

Apple Stock Performance

NASDAQ AAPL opened at $258.02 on Friday. The company has a market cap of $3.83 trillion, a P/E ratio of 39.15, a P/E/G ratio of 2.49 and a beta of 1.09. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The business’s 50 day moving average price is $233.09 and its 200-day moving average price is $214.69. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, beating the consensus estimate of $1.43 by $0.14. The company had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.Apple’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.40 EPS. Sell-side analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple’s dividend payout ratio is 15.78%.

Insider Buying and Selling at Apple

In other Apple news, SVP Deirdre O’brien sold 43,013 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total value of $11,071,116.07. Following the transaction, the senior vice president owned 136,687 shares of the company’s stock, valued at $35,181,866.93. This represents a 23.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 47,125 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total value of $12,101,228.75. Following the completion of the transaction, the senior vice president directly owned 179,158 shares in the company, valued at $46,005,982.82. This trade represents a 20.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 254,922 shares of company stock valued at $64,320,190 in the last quarter. 0.06% of the stock is owned by 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.