BetterWealth LLC Has $29.53 Million Position in Apple Inc. (NASDAQ:AAPL)

BetterWealth LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,368 shares of the iPhone maker’s stock after buying an additional 1,129 shares during the period. Apple accounts for about 10.1% of BetterWealth LLC’s investment portfolio, making the stock its 2nd biggest holding. BetterWealth LLC’s holdings in Apple were worth $29,528,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Conservest Capital Advisors Inc. boosted its holdings in Apple by 0.3% during the third quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock worth $2,877,000 after purchasing an additional 55 shares during the last quarter. High Pines Wealth Management LLC raised its position in Apple by 0.7% during the fourth quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock worth $1,638,000 after acquiring an additional 58 shares in the last quarter. Kraft Davis & Associates LLC raised its position in Apple by 0.9% during the third quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock worth $1,155,000 after acquiring an additional 59 shares in the last quarter. Asset Planning Corporation raised its position in Apple by 1.0% during the fourth quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock worth $1,181,000 after acquiring an additional 59 shares in the last quarter. Finally, Columbus Macro LLC raised its position in Apple by 0.5% during the fourth quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock worth $2,120,000 after acquiring an additional 59 shares in the last quarter. 60.41% of the stock is owned by institutional investors.

Apple Trading Up 1.3 %

AAPL opened at $169.02 on Thursday. The company’s 50 day moving average is $173.58 and its 200-day moving average is $181.94. Apple Inc. has a 1-year low of $162.80 and a 1-year high of $199.62. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. The company has a market cap of $2.61 trillion, a P/E ratio of 26.33, a PEG ratio of 2.00 and a beta of 1.27.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. During the same period last year, the company posted $1.88 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts predict that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were given a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 0.57%. Apple’s dividend payout ratio is presently 14.95%.

Insider Buying and Selling

In related news, CFO Luca Maestri sold 53,194 shares of Apple stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the sale, the chief financial officer now directly owns 107,788 shares in the company, valued at approximately $18,768,046.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Luca Maestri sold 53,194 shares of Apple stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the sale, the chief financial officer now directly owns 107,788 shares in the company, valued at approximately $18,768,046.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the sale, the senior vice president now owns 136,572 shares in the company, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders have sold a total of 366,271 shares of company stock worth $63,653,887 in the last ninety days. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on AAPL shares. Rosenblatt Securities reaffirmed a “neutral” rating and set a $189.00 price target on shares of Apple in a research report on Tuesday, March 5th. Robert W. Baird increased their price objective on shares of Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Redburn Atlantic lowered shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 price objective on the stock. in a research report on Wednesday, January 10th. UBS Group reissued a “hold” rating and issued a $190.00 price objective on shares of Apple in a research report on Monday, March 25th. Finally, Monness Crespi & Hardt increased their price objective on shares of Apple from $189.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.05.

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.