Amplius Wealth Advisors LLC Has $11.49 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Amplius Wealth Advisors LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 7.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 59,657 shares of the iPhone maker’s stock after acquiring an additional 4,388 shares during the quarter. Apple makes up 1.4% of Amplius Wealth Advisors LLC’s portfolio, making the stock its 25th biggest position. Amplius Wealth Advisors LLC’s holdings in Apple were worth $11,486,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Wyrmwood Management LLC boosted its stake in Apple by 69.0% during the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after acquiring an additional 69 shares during the last quarter. Atlantic Private Wealth LLC bought a new position in Apple in the first quarter valued at approximately $30,000. Cheyne Capital Management UK LLP lifted its stake in Apple by 200.0% in the third quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock valued at $212,000 after buying an additional 550 shares in the last quarter. West Tower Group LLC bought a new position in Apple in the second quarter valued at approximately $64,000. Finally, HBC Financial Services PLLC lifted its stake in Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after buying an additional 80 shares in the last quarter. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Up 2.1 %

Shares of Apple stock opened at $173.31 on Thursday. The firm has a 50-day moving average of $181.68 and a 200-day moving average of $182.73. The stock has a market cap of $2.68 trillion, a PE ratio of 27.00, a PEG ratio of 2.06 and a beta of 1.29. Apple Inc. has a 52-week low of $155.98 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.

Apple (NASDAQ:AAPLGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share 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 business had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. During the same quarter in the prior year, the business posted $1.88 earnings per share. Apple’s revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Apple Inc. will post 6.55 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were given 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 yield of 0.55%. Apple’s dividend payout ratio is 14.95%.

Analyst Ratings Changes

A number of research analysts have weighed in on AAPL shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $220.00 price target on shares of Apple in a research note on Friday, March 22nd. Robert W. Baird lifted their price target on shares of Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Oppenheimer reiterated an “outperform” rating and issued a $200.00 price objective on shares of Apple in a report on Friday, February 2nd. Piper Sandler lowered their price objective on shares of Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Finally, Wedbush reiterated an “outperform” rating and issued a $250.00 price objective on shares of Apple in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $205.27.

View Our Latest Stock Report on AAPL

Insider Buying and Selling

In related news, Director Arthur D. Levinson sold 100,000 shares of the company’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 sale, the director now owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by company insiders.

About Apple

(Free Report)

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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