Apple Inc. (NASDAQ:AAPL) Stock Holdings Raised by Genesee Capital Advisors LLC

Genesee Capital Advisors LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 3.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 46,911 shares of the iPhone maker’s stock after acquiring an additional 1,427 shares during the quarter. Apple makes up approximately 5.6% of Genesee Capital Advisors LLC’s investment portfolio, making the stock its 3rd biggest position. Genesee Capital Advisors LLC’s holdings in Apple were worth $9,032,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Wyrmwood Management LLC increased its holdings in shares of 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 acquiring an additional 69 shares in the last quarter. Gilfoyle & Co LLC lifted its stake in shares of Apple by 118.0% in the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after buying an additional 118 shares in the last quarter. PayPay Securities Corp increased its position in shares of Apple by 70.2% during the third quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock valued at $87,000 after acquiring an additional 210 shares in the last quarter. Cordant Inc. lifted its position in Apple by 27.7% in the 3rd quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after acquiring an additional 140 shares in the last quarter. Finally, Life Planning Partners Inc bought a new stake in shares of Apple in the 4th quarter worth $132,000. 60.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on AAPL. UBS Group reiterated a “hold” rating and issued a $190.00 price objective on shares of Apple in a report on Monday, March 25th. Robert W. Baird boosted their price objective on shares of Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Morgan Stanley boosted their target price on shares of Apple from $210.00 to $216.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Wedbush restated an “outperform” rating and issued a $250.00 price target on shares of Apple in a research note on Friday, May 3rd. Finally, Maxim Group began coverage on Apple in a research report on Wednesday, April 17th. They set a “hold” rating and a $178.00 price objective for the company. One research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $204.11.

Insiders Place Their Bets

In other news, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the sale, the chief executive officer now directly owns 3,377,407 shares in the company, valued at $574,260,512.21. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Luca Maestri sold 53,194 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The shares were 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 disclosure for this sale can be found here. Insiders sold 366,271 shares of company stock valued at $63,653,887 in the last three months. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $182.74 on Thursday. The firm’s fifty day moving average is $172.17 and its two-hundred day moving average is $181.78. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $199.62. The company has a market cap of $2.82 trillion, a P/E ratio of 28.42, a P/E/G ratio of 2.21 and a beta of 1.26. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.99 and a current ratio of 1.04.

Apple (NASDAQ:AAPL) last announced its quarterly 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 148.33% and a net margin of 26.31%. The company had revenue of $90.75 billion during the quarter, compared to analyst estimates of $90.37 billion. During the same period in the prior year, the company earned $1.52 earnings per share. The firm’s revenue was down 4.3% on a year-over-year basis. As a group, analysts anticipate that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, May 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.00 annualized dividend and a yield of 0.55%. This is a positive change from Apple’s previous quarterly dividend of $0.24. Apple’s dividend payout ratio (DPR) is 15.55%.

Apple declared that its board has approved a share repurchase program on Thursday, May 2nd that permits the company to buyback $110.00 billion in shares. This buyback authorization permits the iPhone maker to purchase up to 3.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

About Apple

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.