Lineweaver Wealth Advisors LLC Has $16.68 Million Stake in Apple Inc. (NASDAQ:AAPL)

Lineweaver Wealth Advisors LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 8.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,625 shares of the iPhone maker’s stock after acquiring an additional 6,962 shares during the period. Apple makes up approximately 4.3% of Lineweaver Wealth Advisors LLC’s portfolio, making the stock its 4th biggest position. Lineweaver Wealth Advisors LLC’s holdings in Apple were worth $16,679,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in AAPL. Moneta Group Investment Advisors LLC raised its position in shares of Apple by 116,483.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock worth $74,002,245,000 after acquiring an additional 569,066,184 shares in the last quarter. Norges Bank bought a new position in shares of Apple in the 4th quarter worth about $21,746,940,000. Morgan Stanley increased its position in Apple by 14.2% in the 4th quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock valued at $27,110,586,000 after buying an additional 25,926,552 shares in the last quarter. Barclays PLC raised its stake in Apple by 60.0% during the 2nd quarter. Barclays PLC now owns 46,932,352 shares of the iPhone maker’s stock worth $9,103,464,000 after buying an additional 17,604,799 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in Apple by 154.9% in the second quarter. Osaic Holdings Inc. now owns 23,295,770 shares of the iPhone maker’s stock worth $1,729,270,000 after acquiring an additional 14,157,430 shares in the last quarter. 60.41% of the stock is owned by institutional investors.

Apple Stock Down 0.6 %

AAPL stock opened at $167.04 on Friday. 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 company has a market capitalization of $2.58 trillion, a price-to-earnings ratio of 26.02, a PEG 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. The stock has a fifty day moving average of $175.15 and a 200-day moving average of $182.10.

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, topping analysts’ consensus estimates of $2.09 by $0.09. The business had revenue of $119.60 billion for 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 firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.88 EPS. As a group, equities research analysts predict that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed 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 was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.57%. Apple’s dividend payout ratio (DPR) is 14.95%.

Insider Buying and Selling

In other Apple 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 value of $9,262,139.28. Following the sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey E. Williams sold 59,162 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $172.22, for a total value of $10,188,879.64. Following the transaction, the chief operating officer now directly owns 489,944 shares in the company, valued at $84,378,155.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 366,271 shares of company stock valued at $63,653,887. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the subject of several recent research reports. Barclays decreased their price objective on Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a report on Friday, February 2nd. Bank of America raised Apple from a “neutral” rating to a “buy” rating and upped their target price for the stock from $208.00 to $225.00 in a research report on Thursday, January 18th. Citigroup reaffirmed a “buy” rating and set a $225.00 target price on shares of Apple in a research report on Friday, February 16th. Morgan Stanley reaffirmed an “overweight” rating and set a $220.00 target price on shares of Apple in a research report on Friday, March 22nd. Finally, Piper Sandler lowered their target price on Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.