Foster Victor Wealth Advisors LLC Sells 1,731 Shares of Apple Inc. (NASDAQ:AAPL)

Foster Victor Wealth Advisors LLC lowered its position in Apple Inc. (NASDAQ:AAPL) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,984 shares of the iPhone maker’s stock after selling 1,731 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Apple were worth $9,646,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AAPL. Conservest Capital Advisors Inc. lifted its position in Apple by 0.3% in the 3rd quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock valued at $2,877,000 after acquiring an additional 55 shares in the last quarter. High Pines Wealth Management LLC lifted its position in Apple by 0.7% during the 4th quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock worth $1,638,000 after buying an additional 58 shares in the last quarter. Kraft Davis & Associates LLC lifted its position in Apple by 0.9% during the 3rd quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock worth $1,155,000 after buying an additional 59 shares in the last quarter. Asset Planning Corporation lifted its position in Apple by 1.0% during the 4th quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock worth $1,181,000 after buying an additional 59 shares in the last quarter. Finally, Columbus Macro LLC lifted its position in Apple by 0.5% during the 4th quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock worth $2,120,000 after buying an additional 59 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Barclays cut their price target on shares of Apple from $160.00 to $158.00 and set an “underweight” rating on the stock in a research report on Friday, February 2nd. Citigroup reissued a “buy” rating and set a $225.00 price target on shares of Apple in a research report on Friday, February 16th. Redburn Partners cut shares of Apple to a “neutral” rating and set a $200.00 price target on the stock. in a research report on Wednesday, January 10th. JPMorgan Chase & Co. cut their price target on shares of Apple from $215.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. Finally, Piper Sandler Companies cut shares of Apple to a “neutral” rating and dropped their target price for the company from $220.00 to $205.00 in a report on Thursday, January 4th. 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 given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $203.34.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $168.00 on Thursday. The company’s 50 day moving average price is $175.57 and its two-hundred day moving average price is $182.21. Apple Inc. has a 12-month low of $162.80 and a 12-month high of $199.62. The firm has a market cap of $2.59 trillion, a PE ratio of 26.17, a PEG ratio of 2.08 and a beta of 1.27. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. During the same quarter in the prior year, the business posted $1.88 EPS. The business’s 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 year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Insider Transactions at Apple

In other news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the sale, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. In the last 90 days, insiders sold 366,271 shares of company stock valued at $63,653,887. Company insiders own 0.06% of the company’s stock.

Apple Company 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.