SJS Investment Consulting Inc. Has $11.48 Million Holdings in Apple Inc. $AAPL

SJS Investment Consulting Inc. decreased its stake in Apple Inc. (NASDAQ:AAPL) by 5.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,939 shares of the iPhone maker’s stock after selling 3,091 shares during the period. Apple comprises about 1.8% of SJS Investment Consulting Inc.’s holdings, making the stock its 8th largest holding. SJS Investment Consulting Inc.’s holdings in Apple were worth $11,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Covea Finance lifted its stake in Apple by 2.0% in the 2nd quarter. Covea Finance now owns 668,609 shares of the iPhone maker’s stock valued at $137,179,000 after purchasing an additional 13,410 shares during the last quarter. Unified Investment Management raised its stake in shares of Apple by 3.3% during the second quarter. Unified Investment Management now owns 7,184 shares of the iPhone maker’s stock valued at $1,474,000 after acquiring an additional 228 shares during the last quarter. Eaton Financial Holdings Company LLC raised its stake in shares of Apple by 117.4% during the second quarter. Eaton Financial Holdings Company LLC now owns 55,282 shares of the iPhone maker’s stock valued at $11,342,000 after acquiring an additional 29,851 shares during the last quarter. Boyd Wealth Management LLC raised its stake in shares of Apple by 18.7% during the second quarter. Boyd Wealth Management LLC now owns 5,337 shares of the iPhone maker’s stock valued at $1,095,000 after acquiring an additional 840 shares during the last quarter. Finally, Family Investment Center Inc. raised its stake in shares of Apple by 11.8% during the second quarter. Family Investment Center Inc. now owns 8,736 shares of the iPhone maker’s stock valued at $1,792,000 after acquiring an additional 924 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Wedbush set a $310.00 price target on shares of Apple and gave the company an “outperform” rating in a research note on Monday, September 22nd. Seaport Res Ptn raised shares of Apple to a “strong-buy” rating in a research note on Wednesday. Tigress Financial raised their price target on shares of Apple from $300.00 to $305.00 and gave the company a “strong-buy” rating in a research note on Wednesday, September 17th. Morgan Stanley set a $298.00 price target on shares of Apple and gave the company an “overweight” rating in a research note on Thursday. Finally, Monness Crespi & Hardt raised their price target on shares of Apple from $245.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $247.49.

Insider Transactions at Apple

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

Apple Stock Performance

Shares of AAPL stock opened at $258.02 on Friday. The firm has a market cap of $3.83 trillion, a price-to-earnings ratio of 39.15, a P/E/G ratio of 2.50 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. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10. The firm’s 50-day simple moving average is $233.09 and its two-hundred day simple moving average is $214.69.

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

Apple Announces Dividend

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

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.