Apple Inc. (NASDAQ:AAPL) Shares Bought by Amplius Wealth Advisors LLC

Amplius Wealth Advisors LLC grew its holdings in Apple Inc. (NASDAQ:AAPL) by 7.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 59,657 shares of the iPhone maker’s stock after buying an additional 4,388 shares during the period. Apple accounts for approximately 1.4% of Amplius Wealth Advisors LLC’s portfolio, making the stock its 25th largest position. Amplius Wealth Advisors LLC’s holdings in Apple were worth $11,486,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AAPL. Atlantic Private Wealth LLC purchased a new stake in shares of Apple in the first quarter valued at about $30,000. Wyrmwood Management LLC raised its holdings in Apple by 69.0% during the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after purchasing an additional 69 shares in the last quarter. Summit Wealth Group LLC raised its holdings in Apple by 16,252.3% during the first quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 6,949,659 shares in the last quarter. HBC Financial Services PLLC raised its holdings in Apple by 21.7% during the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares in the last quarter. Finally, West Tower Group LLC purchased a new position in Apple during the second quarter worth about $64,000. 60.41% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by company insiders.

Apple Stock Performance

Shares of AAPL stock opened at $173.31 on Thursday. Apple Inc. has a 52 week low of $155.98 and a 52 week high of $199.62. The company has a market cap of $2.68 trillion, a PE ratio of 27.00, a P/E/G ratio of 2.06 and a beta of 1.29. 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’s fifty day simple moving average is $181.68 and its 200-day simple moving average is $182.73.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. During the same quarter in the previous year, the firm posted $1.88 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts anticipate that Apple Inc. will post 6.55 EPS for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.55%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio is currently 14.95%.

Analysts Set New Price Targets

Several research analysts recently issued reports on AAPL shares. Piper Sandler cut their price target on shares of Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. JPMorgan Chase & Co. lowered their target price on shares of Apple from $225.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday, February 2nd. Bank of America upgraded shares of Apple from a “neutral” rating to a “buy” rating and upped their target price for the stock from $208.00 to $225.00 in a research report on Thursday, January 18th. Redburn Partners lowered shares of Apple to a “neutral” rating and set a $200.00 target price on the stock. in a research report on Wednesday, January 10th. Finally, Wedbush reiterated an “outperform” rating and issued a $250.00 price target on shares of Apple in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.27.

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.