Accretive Wealth Partners LLC Decreases Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Accretive Wealth Partners LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 65.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,949 shares of the iPhone maker’s stock after selling 40,068 shares during the quarter. Apple accounts for approximately 2.0% of Accretive Wealth Partners LLC’s investment portfolio, making the stock its 10th largest position. Accretive Wealth Partners LLC’s holdings in Apple were worth $4,881,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Bull Oak Capital LLC raised its stake in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares in the last quarter. Hershey Financial Advisers LLC bought a new stake in shares of Apple during the 2nd quarter valued at approximately $42,000. Christopher J. Hasenberg Inc increased its position in Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares in the last quarter. ARK Investment Management LLC bought a new position in Apple in the 3rd quarter valued at approximately $110,000. Finally, Cordant Inc. boosted its position in Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock valued at $158,000 after buying an additional 173 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Down 0.7 %

AAPL opened at $236.00 on Friday. The company has a fifty day moving average price of $241.56 and a two-hundred day moving average price of $230.86. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10. The company has a market cap of $3.55 trillion, a P/E ratio of 38.82, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. Analysts predict that Apple Inc. will post 7.34 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 10th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AAPL shares. Evercore ISI increased their price target on Apple from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday. KeyCorp reiterated an “underweight” rating and issued a $200.00 target price on shares of Apple in a research report on Friday. Needham & Company LLC restated a “buy” rating and set a $260.00 price target on shares of Apple in a report on Friday. Jefferies Financial Group downgraded Apple from a “hold” rating to an “underperform” rating and lowered their price objective for the company from $211.84 to $200.75 in a research note on Thursday. Finally, Raymond James boosted their target price on shares of Apple to $250.00 and gave the stock a “buy” rating in a report on Monday, January 20th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $242.52.

Insider Activity at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently 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.