Opal Wealth Advisors LLC Raises Stake in Apple Inc. (NASDAQ:AAPL)

Opal Wealth Advisors LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,245 shares of the iPhone maker’s stock after acquiring an additional 1,096 shares during the period. Apple accounts for about 2.3% of Opal Wealth Advisors LLC’s investment portfolio, making the stock its 12th largest holding. Opal Wealth Advisors LLC’s holdings in Apple were worth $5,823,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AAPL. Bank Hapoalim BM purchased a new position in Apple in the fourth quarter worth about $9,531,000. Bellecapital International Ltd. raised its holdings in Apple by 1.1% in the fourth quarter. Bellecapital International Ltd. now owns 116,948 shares of the iPhone maker’s stock worth $22,516,000 after buying an additional 1,264 shares during the last quarter. Argus Investors Counsel Inc. raised its holdings in Apple by 1.8% in the fourth quarter. Argus Investors Counsel Inc. now owns 27,279 shares of the iPhone maker’s stock worth $5,252,000 after buying an additional 482 shares during the last quarter. Caldwell Sutter Capital Inc. raised its holdings in Apple by 0.7% in the fourth quarter. Caldwell Sutter Capital Inc. now owns 57,113 shares of the iPhone maker’s stock worth $10,996,000 after buying an additional 419 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its holdings in Apple by 0.4% in the fourth quarter. AdvisorNet Financial Inc now owns 199,909 shares of the iPhone maker’s stock worth $38,488,000 after buying an additional 727 shares during the last quarter. 60.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Maxim Group assumed coverage on shares of Apple in a report on Wednesday. They issued a “hold” rating and a $178.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 target price on shares of Apple in a report on Tuesday. Barclays decreased their target price on shares of Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a report on Friday, February 2nd. UBS Group reissued a “hold” rating and set a $190.00 price objective on shares of Apple in a report on Monday, March 25th. Finally, Citigroup reissued a “buy” rating and set a $225.00 price objective on shares of Apple in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $203.34.

Apple Stock Performance

AAPL opened at $167.04 on Friday. The firm has a market cap of $2.58 trillion, a P/E ratio of 26.02, a PEG ratio of 2.04 and a beta of 1.27. Apple Inc. has a 1-year low of $162.80 and a 1-year high of $199.62. The company has a 50 day simple moving average of $175.15 and a two-hundred day simple moving average of $182.10. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. During the same quarter in the prior year, the business earned $1.88 earnings per share. Apple’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts forecast that Apple Inc. will post 6.54 earnings per share for the current fiscal 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 given 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 dividend yield of 0.57%. Apple’s dividend payout ratio is 14.95%.

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the transaction, the senior vice president now owns 136,572 shares in the company, valued at $23,068,376.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the sale, the senior vice president now owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of the company’s 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 sale, the director now directly owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 366,271 shares of company stock worth $63,653,887. 0.06% of the stock is owned by insiders.

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.