CJM Wealth Advisers Ltd. Has $5.95 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

CJM Wealth Advisers Ltd. grew its position in Apple Inc. (NASDAQ:AAPL) by 15.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 23,741 shares of the iPhone maker’s stock after buying an additional 3,226 shares during the quarter. Apple comprises 2.0% of CJM Wealth Advisers Ltd.’s portfolio, making the stock its 8th biggest position. CJM Wealth Advisers Ltd.’s holdings in Apple were worth $5,945,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Howard Capital Management Inc. boosted its stake in shares of Apple by 0.6% in the 2nd quarter. Howard Capital Management Inc. now owns 16,446 shares of the iPhone maker’s stock valued at $3,464,000 after purchasing an additional 95 shares during the last quarter. SFE Investment Counsel lifted its holdings in shares of Apple by 1.3% during the 2nd quarter. SFE Investment Counsel now owns 87,071 shares of the iPhone maker’s stock valued at $18,339,000 after purchasing an additional 1,078 shares in the last quarter. UNIVEST FINANCIAL Corp boosted its holdings in shares of Apple by 1.4% in the second quarter. UNIVEST FINANCIAL Corp now owns 76,878 shares of the iPhone maker’s stock valued at $16,192,000 after buying an additional 1,066 shares during the period. Opes Wealth Management LLC increased its holdings in Apple by 30.4% during the 2nd quarter. Opes Wealth Management LLC now owns 630,263 shares of the iPhone maker’s stock worth $132,746,000 after purchasing an additional 147,115 shares in the last quarter. Finally, Sustainable Insight Capital Management LLC lifted its stake in Apple by 22.5% in the 2nd quarter. Sustainable Insight Capital Management LLC now owns 77,801 shares of the iPhone maker’s stock valued at $16,386,000 after acquiring an additional 14,300 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In related news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction dated Monday, December 16th. The shares were 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. This represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is currently owned by insiders.

Apple Stock Up 0.2 %

Apple stock opened at $244.87 on Thursday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $3.68 trillion, a PE ratio of 38.87, a PEG ratio of 2.43 and a beta of 1.20. The firm’s fifty day moving average is $240.56 and its 200 day moving average is $232.20.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, sell-side analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. Apple’s payout ratio is 15.87%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AAPL. Needham & Company LLC restated a “buy” rating and issued a $260.00 price objective on shares of Apple in a report on Friday, January 31st. Raymond James upped their target price on Apple to $250.00 and gave the company a “buy” rating in a research report on Monday, January 20th. StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a report on Tuesday, January 21st. Finally, Maxim Group upped their target price on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $242.52.

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.