LifeGoal Wealth Advisors Has $789,000 Stock Holdings in Apple Inc. $AAPL

LifeGoal Wealth Advisors decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 5.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,848 shares of the iPhone maker’s stock after selling 232 shares during the period. LifeGoal Wealth Advisors’ holdings in Apple were worth $789,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Gleason Group Inc. boosted its position in shares of Apple by 40.2% during the 2nd quarter. Gleason Group Inc. now owns 4,287 shares of the iPhone maker’s stock worth $880,000 after acquiring an additional 1,230 shares in the last quarter. Raleigh Capital Management Inc. lifted its stake in Apple by 17.0% in the 2nd quarter. Raleigh Capital Management Inc. now owns 18,205 shares of the iPhone maker’s stock valued at $3,735,000 after purchasing an additional 2,640 shares during the last quarter. Asio Capital LLC lifted its stake in Apple by 3.4% in the 2nd quarter. Asio Capital LLC now owns 57,535 shares of the iPhone maker’s stock valued at $11,804,000 after purchasing an additional 1,882 shares during the last quarter. LexAurum Advisors LLC lifted its stake in Apple by 2.0% in the 2nd quarter. LexAurum Advisors LLC now owns 67,757 shares of the iPhone maker’s stock valued at $13,902,000 after purchasing an additional 1,355 shares during the last quarter. Finally, Smith Anglin Financial LLC lifted its stake in Apple by 1.5% in the 2nd quarter. Smith Anglin Financial LLC now owns 110,455 shares of the iPhone maker’s stock valued at $22,662,000 after purchasing an additional 1,580 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Price Performance

Shares of NASDAQ AAPL opened at $252.29 on Friday. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10. The firm has a fifty day simple moving average of $241.13 and a 200 day simple moving average of $216.86. The company has a market capitalization of $3.74 trillion, a PE ratio of 38.28, a P/E/G ratio of 2.41 and a beta of 1.09. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25.

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

Apple Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on AAPL shares. Wedbush set a $310.00 price objective on shares of Apple and gave the company an “outperform” rating in a research note on Monday, September 22nd. JPMorgan Chase & Co. increased their price objective on shares of Apple from $255.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. DA Davidson reissued a “neutral” rating and issued a $250.00 price objective on shares of Apple in a research note on Thursday, September 11th. Sanford C. Bernstein started coverage on shares of Apple in a research note on Monday, September 15th. They issued an “outperform” rating and a $290.00 price objective for the company. Finally, Loop Capital dropped their price objective on shares of Apple from $230.00 to $226.00 and set a “hold” rating for the company in a research note on Thursday, August 21st. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have assigned a Hold rating and two have issued 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 target price of $248.29.

Insider Activity

In other Apple news, CEO Timothy D. Cook sold 129,963 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total value of $33,375,798.03. Following the completion of the sale, the chief executive officer directly owned 3,280,295 shares in the company, valued at approximately $842,412,558.95. This trade represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kevan Parekh sold 4,199 shares of the firm’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the completion of the sale, the chief financial officer owned 8,765 shares of the company’s stock, valued at $2,168,373.35. The trade was a 32.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 259,121 shares of company stock worth $65,358,981 over the last ninety days. Corporate 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.