Apple Inc. (NASDAQ:AAPL) Shares Purchased by Wolf Group Capital Advisors

Wolf Group Capital Advisors raised its position in Apple Inc. (NASDAQ:AAPL) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,306 shares of the iPhone maker’s stock after purchasing an additional 1,284 shares during the quarter. Apple comprises 3.8% of Wolf Group Capital Advisors’ investment portfolio, making the stock its 3rd biggest position. Wolf Group Capital Advisors’ holdings in Apple were worth $7,818,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Atlantic Private Wealth LLC acquired a new stake in Apple during the first quarter worth $30,000. Wyrmwood Management LLC grew its holdings in shares of Apple by 69.0% during the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after purchasing an additional 69 shares during the period. Gilfoyle & Co LLC increased its position in shares of Apple by 118.0% during the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after purchasing an additional 118 shares during the last quarter. Summit Wealth Group LLC raised its holdings in Apple by 16,252.3% in the 1st quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock valued at $42,000 after buying an additional 6,949,659 shares during the period. Finally, HBC Financial Services PLLC lifted its position in Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Stock Performance

NASDAQ AAPL opened at $165.00 on Monday. The company has a fifty day moving average of $174.67 and a two-hundred day moving average of $182.17. The company has a market capitalization of $2.55 trillion, a PE ratio of 25.70, a P/E/G ratio of 1.99 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 debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.09. The business had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.88 EPS. As a group, analysts expect that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.58%. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AAPL shares. Piper Sandler Companies lowered shares of Apple to a “neutral” rating and decreased their price objective for the stock from $220.00 to $205.00 in a report on Thursday, January 4th. Morgan Stanley restated an “overweight” rating and set a $220.00 price target on shares of Apple in a research note on Friday, March 22nd. Barclays dropped their price objective on Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a research note on Friday, February 2nd. Wedbush reissued an “outperform” rating and set a $250.00 target price on shares of Apple in a research note on Tuesday, April 9th. Finally, Bank of America raised Apple from a “neutral” rating to a “buy” rating and lifted their target price for the company from $208.00 to $225.00 in a research report on Thursday, January 18th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $203.34.

Insider Activity

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

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.