Spectrum Wealth Advisory Group LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,849 shares of the iPhone maker’s stock after selling 154 shares during the period. Apple makes up approximately 6.1% of Spectrum Wealth Advisory Group LLC’s investment portfolio, making the stock its 6th biggest holding. Spectrum Wealth Advisory Group LLC’s holdings in Apple were worth $4,977,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Wyrmwood Management LLC increased its stake in shares of Apple by 69.0% in the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after acquiring an additional 69 shares during the period. Gilfoyle & Co LLC grew its position in 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 period. PayPay Securities Corp raised its stake in shares of Apple by 70.2% during the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock valued at $87,000 after buying an additional 210 shares during the last quarter. Cordant Inc. raised its stake in shares of Apple by 27.7% during the 3rd quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after buying an additional 140 shares during the last quarter. Finally, Life Planning Partners Inc acquired a new position in shares of Apple in the 4th quarter valued at about $132,000. 60.41% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was 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 directly owns 136,572 shares in the company, valued at $23,068,376.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the transaction, the senior vice president now owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction dated 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 completion of the transaction, 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 sold a total of 366,271 shares of company stock valued at $63,653,887 over the last 90 days. 0.06% of the stock is owned by company insiders.
Analyst Ratings Changes
Read Our Latest Research Report on AAPL
Apple Stock Up 6.0 %
AAPL stock opened at $183.38 on Friday. Apple Inc. has a one year low of $164.07 and a one year high of $199.62. The firm has a market cap of $2.83 trillion, a PE ratio of 28.56, a PEG ratio of 2.05 and a beta of 1.26. The firm’s 50 day moving average price is $172.15 and its 200-day moving average price is $181.57. 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 – Get Free Report) last posted its earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. Apple had a return on equity of 156.04% and a net margin of 26.16%. The company had revenue of $90.75 billion for the quarter, compared to the consensus estimate of $90.37 billion. During the same quarter in the previous year, the business earned $1.52 earnings per share. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities research analysts anticipate that Apple Inc. will post 6.53 EPS for the current year.
Apple declared that its board has initiated a share buyback plan on Thursday, May 2nd that authorizes the company to repurchase $110.00 billion in shares. This repurchase authorization authorizes the iPhone maker to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
Apple Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, May 13th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. This is a boost from Apple’s previous quarterly dividend of $0.24. Apple’s dividend payout ratio is presently 14.95%.
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.
See Also
- Five stocks we like better than Apple
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Appleās Earnings Show Investors Its Strength and Its Weakness
- What is the Dogs of the Dow Strategy? Overview and Examples
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
- 3 Small Caps With Big Return Potential
- DraftKings Q1: Strong Customer Acquisition and Product Innovation
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL – Free Report).
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.