Level Financial Advisors Inc. Sells 1,081 Shares of Apple Inc. (NASDAQ:AAPL)

Level Financial Advisors Inc. lessened its stake in Apple Inc. (NASDAQ:AAPL) by 10.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,037 shares of the iPhone maker’s stock after selling 1,081 shares during the period. Apple accounts for approximately 0.9% of Level Financial Advisors Inc.’s investment portfolio, making the stock its 22nd largest holding. Level Financial Advisors Inc.’s holdings in Apple were worth $1,740,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AAPL. Conservest Capital Advisors Inc. raised its holdings in shares of Apple by 0.3% during the 3rd quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock valued at $2,877,000 after buying an additional 55 shares during the period. High Pines Wealth Management LLC raised its stake in shares of Apple by 0.7% in the 4th quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock valued at $1,638,000 after purchasing an additional 58 shares in the last quarter. Kraft Davis & Associates LLC raised its stake in shares of Apple by 0.9% in the 3rd quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock valued at $1,155,000 after purchasing an additional 59 shares in the last quarter. Asset Planning Corporation lifted its position in shares of Apple by 1.0% during the fourth quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock worth $1,181,000 after purchasing an additional 59 shares during the last quarter. Finally, Columbus Macro LLC grew its stake in Apple by 0.5% in the fourth quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock worth $2,120,000 after purchasing an additional 59 shares in the last quarter. 60.41% of the stock is currently owned by institutional investors.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $165.84 on Tuesday. Apple Inc. has a 1 year low of $162.80 and a 1 year high of $199.62. The firm has a market cap of $2.56 trillion, a P/E ratio of 25.83, a PEG ratio of 1.99 and a beta of 1.27. The stock has a fifty day moving average price of $174.24 and a two-hundred day moving average price of $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.

Apple (NASDAQ:AAPL) last announced 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 analysts’ expectations of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.88 earnings per share. Research analysts forecast that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed 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 was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.58%. Apple’s dividend payout ratio (DPR) is 14.95%.

Analysts Set New Price Targets

A number of research firms have commented on AAPL. Redburn Partners downgraded Apple to a “neutral” rating and set a $200.00 target price on the stock. in a report on Wednesday, January 10th. Oppenheimer restated an “outperform” rating and set a $200.00 price objective on shares of Apple in a research note on Friday, February 2nd. Piper Sandler lowered their target price on shares of Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, February 2nd. Rosenblatt Securities restated a “neutral” rating and issued a $189.00 price target on shares of Apple in a research report on Tuesday, March 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price target on shares of Apple in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $203.05.

Insider Transactions at Apple

In related news, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the sale, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was 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 of the company’s stock, valued at $802,392,181.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the sale, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. 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 quarter. Insiders own 0.06% of the company’s stock.

Apple 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.