LFA Lugano Financial Advisors SA Has $471,000 Stake in Apple Inc. (NASDAQ:AAPL)

LFA Lugano Financial Advisors SA lowered its position in Apple Inc. (NASDAQ:AAPL) by 38.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,447 shares of the iPhone maker’s stock after selling 1,530 shares during the period. LFA Lugano Financial Advisors SA’s holdings in Apple were worth $471,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Atlantic Private Wealth LLC acquired a new position in Apple in the first quarter worth approximately $30,000. Wyrmwood Management LLC grew its holdings in Apple by 69.0% during the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after purchasing an additional 69 shares during the last quarter. Gilfoyle & Co LLC grew its holdings in Apple by 118.0% during the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after purchasing an additional 118 shares during the last quarter. Summit Wealth Group LLC grew its holdings in Apple by 16,252.3% during the first 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 during the last quarter. Finally, HBC Financial Services PLLC grew its holdings in Apple by 21.7% during the first 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 during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Price Performance

Shares of AAPL stock opened at $165.00 on Friday. The stock has a 50-day moving average price of $174.67 and a 200 day moving average price of $182.04. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. The firm has a market cap of $2.55 trillion, a price-to-earnings ratio of 25.70, a PEG ratio of 2.03 and a beta of 1.27. Apple Inc. has a 12 month low of $162.80 and a 12 month high of $199.62.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The firm had revenue of $119.60 billion during 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%. The company’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the company earned $1.88 earnings per share. Research analysts expect that Apple Inc. will post 6.54 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 $0.24 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.58%. Apple’s payout ratio is 14.95%.

Insider Buying and Selling

In related news, CFO Luca Maestri sold 53,194 shares of Apple 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 completion of the sale, the chief financial officer now directly owns 107,788 shares in the company, valued at $18,768,046.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction of $9,262,139.28. Following the transaction, the chief financial officer now owns 107,788 shares in the company, valued at $18,768,046.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the transaction, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock worth $63,653,887 over the last three months. 0.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on AAPL. DA Davidson began coverage on Apple in a report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 price target on the stock. Loop Capital reduced their price objective on Apple from $185.00 to $170.00 and set a “hold” rating for the company in a research report on Monday, April 1st. The Goldman Sachs Group increased their price objective on Apple from $223.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $220.00 target price on shares of Apple in a research report on Friday, March 22nd. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $189.00 target price on shares of Apple in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.34.

Apple Company Profile

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.