Private Wealth Advisors LLC Lowers Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Private Wealth Advisors LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,201 shares of the iPhone maker’s stock after selling 946 shares during the quarter. Apple comprises about 0.9% of Private Wealth Advisors LLC’s holdings, making the stock its 27th largest position. Private Wealth Advisors LLC’s holdings in Apple were worth $2,349,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

AAPL has been the subject of a number of research reports. Rosenblatt Securities reiterated a “neutral” rating and set a $189.00 price target on shares of Apple in a research report on Tuesday, March 5th. Maxim Group initiated coverage on shares of Apple in a research report on Wednesday, April 17th. They set a “hold” rating and a $178.00 price target for the company. Redburn Atlantic downgraded shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 price target for the company. in a research report on Wednesday, January 10th. DZ Bank reiterated a “hold” rating and set a $180.00 price target on shares of Apple in a research report on Thursday, March 28th. Finally, Barclays reiterated an “underweight” rating and set a $158.00 price target on shares of Apple in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $203.05.

Apple Stock Up 0.5 %

Shares of NASDAQ AAPL opened at $169.89 on Friday. Apple Inc. has a 52-week low of $162.80 and a 52-week high of $199.62. The firm has a fifty day moving average of $173.30 and a 200-day moving average of $181.85. The stock has a market capitalization of $2.62 trillion, a PE ratio of 26.46, a P/E/G ratio of 2.01 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 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 net margin of 26.16% and a return on equity of 156.04%. The company had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. During the same period in the previous year, the company earned $1.88 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts anticipate that Apple Inc. will post 6.54 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were issued a dividend of $0.24 per share. 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 payout ratio is 14.95%.

Insider Activity at Apple

In related news, 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 transaction of $18,094,000.00. Following the transaction, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the business’s 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 transaction, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Luca Maestri sold 53,194 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the completion of the transaction, the chief financial officer now owns 107,788 shares in the company, valued at approximately $18,768,046.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 366,271 shares of company stock worth $63,653,887. 0.06% of the stock is currently owned by corporate insiders.

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.