Apple Inc. (NASDAQ:AAPL) Stake Lowered by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,114 shares of the iPhone maker’s stock after selling 1,153 shares during the period. Apple accounts for 2.3% of Revolve Wealth Partners LLC’s investment portfolio, making the stock its 14th biggest holding. Revolve Wealth Partners LLC’s holdings in Apple were worth $11,959,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Apple by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after purchasing an additional 8,734,393 shares in the last quarter. State Street Corp boosted its holdings in Apple by 0.5% in the second quarter. State Street Corp now owns 578,897,858 shares of the iPhone maker’s stock worth $112,288,818,000 after purchasing an additional 2,616,084 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in Apple by 116,483.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock worth $74,002,245,000 after purchasing an additional 569,066,184 shares in the last quarter. Geode Capital Management LLC lifted its position in Apple by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 291,538,165 shares of the iPhone maker’s stock worth $56,396,763,000 after acquiring an additional 6,367,053 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Apple by 3.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 234,017,381 shares of the iPhone maker’s stock worth $38,589,468,000 after acquiring an additional 7,736,013 shares during the last quarter. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Performance

NASDAQ AAPL opened at $170.03 on Tuesday. Apple Inc. has a 1-year low of $159.78 and a 1-year high of $199.62. The company has a 50 day moving average of $180.75 and a 200-day moving average of $182.63. 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 firm has a market cap of $2.63 trillion, a price-to-earnings ratio of 26.48, a PEG ratio of 2.07 and a beta of 1.27.

Apple (NASDAQ:AAPLGet Free Report) last released 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. The firm had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $1.88 EPS. On average, equities analysts forecast that Apple Inc. will post 6.55 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio is presently 14.95%.

Analyst Ratings Changes

AAPL has been the subject of a number of research analyst reports. DA Davidson initiated coverage on shares of Apple in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 target price for the company. Morgan Stanley reissued an “overweight” rating and set a $220.00 target price on shares of Apple in a research report on Friday, March 22nd. Monness Crespi & Hardt boosted their target price on shares of Apple from $189.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Redburn Atlantic lowered shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price for the company. in a research report on Wednesday, January 10th. Finally, UBS Group reissued a “hold” rating and set a $190.00 target price on shares of Apple in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $204.23.

Read Our Latest Stock Analysis on AAPL

Insiders Place Their Bets

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.06% of the company’s stock.

Apple Profile

(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.

Further Reading

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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