Apple Inc. (NASDAQ:AAPL) is Horizon Wealth Management LLC’s 9th Largest Position

Horizon Wealth Management LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 66,787 shares of the iPhone maker’s stock after acquiring an additional 1,591 shares during the quarter. Apple comprises 3.6% of Horizon Wealth Management LLC’s portfolio, making the stock its 9th biggest holding. Horizon Wealth Management LLC’s holdings in Apple were worth $12,858,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AAPL. Atlantic Private Wealth LLC purchased a new position in Apple during the 1st quarter valued at $30,000. Wyrmwood Management LLC raised its position in Apple by 69.0% during the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after purchasing an additional 69 shares in the last quarter. Gilfoyle & Co LLC raised its position in 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 purchasing an additional 118 shares in the last quarter. Summit Wealth Group LLC raised its position in Apple by 16,252.3% during the 1st quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock valued at $42,000 after purchasing an additional 6,949,659 shares in the last quarter. Finally, HBC Financial Services PLLC raised its position in Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Stock Down 0.6 %

Shares of AAPL stock opened at $167.04 on Friday. The stock’s 50-day simple moving average is $175.15 and its 200-day simple moving average is $182.10. 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 has a market capitalization of $2.58 trillion, a PE ratio of 26.02, a P/E/G ratio of 2.04 and a beta of 1.27. Apple Inc. has a fifty-two week low of $162.80 and a fifty-two week high of $199.62.

Apple (NASDAQ:AAPL) last posted 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. The firm had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. Apple’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.88 earnings per share. Equities analysts expect that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Dividend Announcement

The business 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. This represents a $0.96 annualized dividend and a yield of 0.57%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio (DPR) is 14.95%.

Insider Buying and Selling

In related news, CFO Luca Maestri sold 53,194 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at $18,768,046.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Apple news, CFO Luca Maestri sold 53,194 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at $18,768,046.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the sale, the senior vice president now directly owns 136,572 shares in the company, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders have sold a total of 366,271 shares of company stock valued at $63,653,887 over the last ninety days. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AAPL. Redburn Atlantic lowered 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. Monness Crespi & Hardt lifted their target price on Apple from $189.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Loop Capital decreased their target price on Apple from $185.00 to $170.00 and set a “hold” rating for the company in a research report on Monday, April 1st. Robert W. Baird boosted their price target on Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Finally, DA Davidson assumed coverage on Apple in a research report on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price target for the company. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $203.34.

About Apple

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.