Apple Inc. (NASDAQ:AAPL) is Clarus Wealth Advisors’ 2nd Largest Position

Clarus Wealth Advisors lowered its stake in Apple Inc. (NASDAQ:AAPL) by 5.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 17,607 shares of the iPhone maker’s stock after selling 1,011 shares during the quarter. Apple accounts for 7.3% of Clarus Wealth Advisors’ portfolio, making the stock its 2nd biggest position. Clarus Wealth Advisors’ holdings in Apple were worth $2,777,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Selective Wealth Management purchased a new position in shares of Apple during the third quarter valued at approximately $194,000. Lawson Kroeker Investment Management Inc. NE purchased a new position in shares of Apple during the third quarter valued at approximately $201,000. Leith Wheeler Investment Counsel Ltd. purchased a new position in shares of Apple during the third quarter valued at approximately $201,000. Boston Standard Wealth Management LLC purchased a new position in shares of Apple during the third quarter valued at approximately $204,000. Finally, Moller Financial Services purchased a new position in shares of Apple during the third quarter valued at approximately $226,000. Hedge funds and other institutional investors own 57.38% of the company’s stock.

Several equities analysts have recently issued reports on AAPL shares. JPMorgan Chase & Co. set a $228.00 target price on Apple and gave the company a “buy” rating in a research note on Wednesday, January 30th. Wedbush set a $275.00 target price on Apple and gave the company a “buy aapl” rating in a research note on Monday, December 24th. Goldman Sachs Group set a $140.00 target price on Apple and gave the company a “neutral” rating in a research note on Tuesday, February 12th. Bank of America raised Apple from a “neutral” rating to a “buy” rating and boosted their target price for the company from $180.00 to $210.00 in a research note on Monday, March 11th. They noted that the move was a valuation call. Finally, UBS Group reissued a “buy” rating and set a $180.00 target price on shares of Apple in a research note on Monday, January 14th. Three analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. Apple currently has a consensus rating of “Hold” and a consensus target price of $202.45.

Shares of NASDAQ AAPL traded up $0.36 during trading on Monday, reaching $199.23. The company had a trading volume of 16,397,416 shares, compared to its average volume of 30,731,793. Apple Inc. has a 12-month low of $142.00 and a 12-month high of $233.47. The stock has a market cap of $977.47 billion, a P/E ratio of 16.73, a P/E/G ratio of 2.03 and a beta of 1.14. The company has a current ratio of 1.30, a quick ratio of 1.25 and a debt-to-equity ratio of 0.79.

Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, January 29th. The iPhone maker reported $4.18 EPS for the quarter, topping analysts’ consensus estimates of $4.17 by $0.01. Apple had a return on equity of 50.92% and a net margin of 22.72%. The firm had revenue of $84.31 billion for the quarter, compared to analysts’ expectations of $84.07 billion. As a group, analysts forecast that Apple Inc. will post 11.41 earnings per share for the current fiscal year.

In other news, Director Arthur D. Levinson sold 1,521 shares of the company’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $167.71, for a total transaction of $255,086.91. Following the transaction, the director now directly owns 1,134,804 shares of the company’s stock, valued at $190,317,978.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Luca Maestri sold 51,138 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $196.61, for a total value of $10,054,242.18. Following the transaction, the insider now directly owns 27,448 shares in the company, valued at $5,396,551.28. The disclosure for this sale can be found here. Corporate insiders own 0.05% of the company’s stock.

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Apple Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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