Private Wealth Advisors LLC Has $2.35 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Private Wealth Advisors LLC lessened its stake in Apple Inc. (NASDAQ:AAPL) by 7.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 12,201 shares of the iPhone maker’s stock after selling 946 shares during the quarter. Apple makes up 0.9% of Private Wealth Advisors LLC’s holdings, making the stock its 27th largest position. Private Wealth Advisors LLC’s holdings in Apple were worth $2,349,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Apple during the 4th quarter worth $560,388,000. Hudson Bay Capital Management LP acquired a new position in shares of Apple during the 3rd quarter worth $487,435,000. Barclays PLC grew its stake in Apple by 6.0% in the 3rd quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock valued at $8,519,244,000 after buying an additional 2,826,709 shares during the last quarter. Granite Bay Wealth Management LLC acquired a new position in Apple in the 3rd quarter valued at $461,021,000. Finally, Morgan Stanley grew its stake in Apple by 1.0% in the 3rd quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock valued at $35,394,751,000 after buying an additional 2,018,010 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Buying and Selling at Apple

In other news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction that occurred 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 completion of the sale, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Timothy D. Cook sold 99,183 shares of Apple 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 owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction that occurred 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 owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 366,271 shares of company stock worth $63,653,887. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on AAPL shares. Redburn Atlantic lowered shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a research note on Wednesday, January 10th. JPMorgan Chase & Co. lowered their target price on shares of Apple from $215.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. Morgan Stanley lowered their target price on shares of Apple from $220.00 to $210.00 and set an “overweight” rating on the stock in a research note on Monday. Piper Sandler lowered their target price on shares of Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. Finally, DA Davidson initiated coverage on shares of Apple in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price target for the company. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $203.05.

Apple Trading Up 0.5 %

AAPL opened at $169.89 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $2.62 trillion, a PE ratio of 26.46, a PEG ratio of 2.01 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 firm has a 50-day moving average price of $173.30 and a two-hundred day moving average price of $181.85.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data 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 firm had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.88 EPS. As a group, equities analysts anticipate that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.57%. The ex-dividend date was Friday, February 9th. Apple’s payout ratio is presently 14.95%.

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.