Apple Inc. (NASDAQ:AAPL) is Levy Wealth Management Group LLC’s 8th Largest Position

Levy Wealth Management Group LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,837 shares of the iPhone maker’s stock after selling 2,135 shares during the quarter. Apple comprises about 2.6% of Levy Wealth Management Group LLC’s holdings, making the stock its 8th biggest holding. Levy Wealth Management Group LLC’s holdings in Apple were worth $9,403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of AAPL. Conservest Capital Advisors Inc. lifted its holdings in shares of Apple by 0.3% during the third 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 during the period. High Pines Wealth Management LLC lifted its holdings in shares of Apple by 0.7% during the fourth quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock valued at $1,638,000 after acquiring an additional 58 shares during the period. Kraft Davis & Associates LLC lifted its holdings in shares of Apple by 0.9% during the third quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock valued at $1,155,000 after acquiring an additional 59 shares during the period. Asset Planning Corporation lifted its holdings in shares of Apple by 1.0% during the fourth quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock valued at $1,181,000 after acquiring an additional 59 shares during the period. Finally, Columbus Macro LLC lifted its holdings in shares of Apple by 0.5% during the fourth quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock valued at $2,120,000 after acquiring an additional 59 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Price Performance

Apple stock opened at $169.02 on Thursday. 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 business has a 50-day moving average of $173.58 and a 200-day moving average of $181.94. Apple Inc. has a 1 year low of $162.80 and a 1 year high of $199.62. The firm has a market capitalization of $2.61 trillion, a P/E ratio of 26.33, a PEG ratio of 2.00 and a beta of 1.27.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $117.99 billion. During the same period in the previous year, the firm earned $1.88 EPS. Apple’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that Apple Inc. will post 6.54 EPS for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.57%. Apple’s dividend payout ratio is presently 14.95%.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of analyst reports. DA Davidson initiated coverage on Apple in a report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price target on shares of Apple in a report on Tuesday, April 16th. Loop Capital cut their price target on Apple from $185.00 to $170.00 and set a “hold” rating for the company in a report on Monday, April 1st. Oppenheimer reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Apple in a report on Friday, February 2nd. Finally, Piper Sandler cut their price target on Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $203.05.

Insider Activity at Apple

In related news, CEO Timothy D. Cook sold 99,183 shares of the business’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 value of $16,864,085.49. Following the completion of the transaction, the chief executive officer now directly owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the business’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 value of $16,864,085.49. Following the sale, the chief executive officer now owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following 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 owned by company insiders.

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.