ERTS Wealth Advisors LLC Has $4.46 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

ERTS Wealth Advisors LLC trimmed its position in Apple Inc. (NASDAQ:AAPL) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,145 shares of the iPhone maker’s stock after selling 726 shares during the quarter. Apple makes up 1.0% of ERTS Wealth Advisors LLC’s portfolio, making the stock its 13th biggest position. ERTS Wealth Advisors LLC’s holdings in Apple were worth $4,456,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wyrmwood Management LLC increased its stake in shares of Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after acquiring an additional 69 shares during the last quarter. Gilfoyle & Co LLC grew its holdings in Apple by 118.0% during the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after purchasing an additional 118 shares during the period. PayPay Securities Corp increased its stake in Apple by 70.2% in the third quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock valued at $87,000 after purchasing an additional 210 shares in the last quarter. Cordant Inc. raised its holdings in Apple by 27.7% in the third quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock worth $110,000 after purchasing an additional 140 shares during the period. Finally, Life Planning Partners Inc bought a new position in shares of Apple during the fourth quarter worth $132,000. 60.41% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Luca Maestri sold 53,194 shares of the firm’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total value of $9,262,139.28. Following the transaction, the chief financial officer now owns 107,788 shares in the company, valued at $18,768,046.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Luca Maestri sold 53,194 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the completion of the sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at $18,768,046.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $802,392,181.44. The disclosure for this sale can be found here. In the last three months, insiders sold 366,271 shares of company stock worth $63,653,887. 0.06% of the stock is currently owned by company insiders.

Apple Price Performance

NASDAQ:AAPL opened at $166.90 on Wednesday. Apple Inc. has a 52 week low of $162.80 and a 52 week high of $199.62. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The firm’s 50-day simple moving average is $173.88 and its 200 day simple moving average is $182.03. The firm has a market cap of $2.58 trillion, a price-to-earnings ratio of 26.00, a P/E/G ratio of 1.99 and a beta of 1.27.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 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 company had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. During the same period last year, the firm earned $1.88 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, sell-side analysts predict that Apple Inc. will post 6.54 earnings per share 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 $0.24 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 0.58%. Apple’s dividend payout ratio is presently 14.95%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AAPL. DA Davidson initiated coverage on Apple in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 price objective on the stock. Bank of America upgraded Apple from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $208.00 to $225.00 in a report on Thursday, January 18th. Citigroup reissued a “buy” rating and set a $225.00 target price on shares of Apple in a research note on Friday, February 16th. The Goldman Sachs Group raised their target price on shares of Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price target on shares of Apple in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average target price of $203.05.

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.