Apple Inc. (NASDAQ:AAPL) Position Lifted by My Personal CFO LLC

My Personal CFO LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,501 shares of the iPhone maker’s stock after purchasing an additional 1,201 shares during the quarter. Apple makes up about 3.4% of My Personal CFO LLC’s investment portfolio, making the stock its 7th biggest position. My Personal CFO LLC’s holdings in Apple were worth $5,295,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AAPL. Wyrmwood Management LLC raised its position in shares of Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after buying an additional 69 shares during the period. Gilfoyle & Co LLC raised its position in shares of Apple by 118.0% in the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after buying an additional 118 shares during the period. PayPay Securities Corp raised its position in shares of Apple by 70.2% in the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after buying an additional 210 shares during the period. Cordant Inc. raised its position in shares of Apple by 27.7% in the 3rd quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock worth $110,000 after buying an additional 140 shares during the period. Finally, Life Planning Partners Inc purchased a new position in shares of Apple in the 4th quarter worth $132,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AAPL shares. Redburn Partners lowered shares of Apple to a “neutral” rating and set a $200.00 price objective on the stock. in a research note on Wednesday, January 10th. Redburn Atlantic downgraded shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 price target on the stock. in a research note 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. Barclays lowered their target price on Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a research note on Friday, February 2nd. Finally, Morgan Stanley cut their price target on Apple from $220.00 to $210.00 and set an “overweight” rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average price target of $203.05.

Insider Activity

In other news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction 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 completion of the sale, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the sale, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 366,271 shares of company stock worth $63,653,887. 0.06% of the stock is owned by corporate insiders.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $165.84 on Tuesday. Apple Inc. has a 52-week low of $162.80 and a 52-week high of $199.62. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $2.56 trillion, a price-to-earnings ratio of 25.83, a PEG ratio of 1.99 and a beta of 1.27. The stock’s fifty day simple moving average is $174.24 and its 200 day simple moving average is $182.10.

Apple (NASDAQ:AAPL) last issued 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 return on equity of 156.04% and a net margin of 26.16%. The business 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 company posted $1.88 earnings per share. Apple’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm 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. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.58%. Apple’s dividend payout ratio is 14.95%.

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.