Apple Inc. (NASDAQ:AAPL) is Lyell Wealth Management LP’s 2nd Largest Position

Lyell Wealth Management LP increased its holdings in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,057 shares of the iPhone maker’s stock after buying an additional 12,804 shares during the quarter. Apple accounts for approximately 3.9% of Lyell Wealth Management LP’s holdings, making the stock its 2nd biggest position. Lyell Wealth Management LP’s holdings in Apple were worth $34,281,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AAPL. Wyrmwood Management LLC lifted its position in Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after buying an additional 69 shares in the last quarter. Gilfoyle & Co LLC increased 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 acquiring an additional 118 shares during the last quarter. PayPay Securities Corp increased its stake in shares of Apple by 70.2% in the third quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after acquiring an additional 210 shares during the last quarter. Cordant Inc. raised its holdings in shares of Apple by 27.7% during the third quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock worth $110,000 after acquiring an additional 140 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in Apple during the fourth quarter valued at $111,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Apple Stock Up 1.7 %

AAPL stock opened at $189.98 on Monday. The business’s 50-day simple moving average is $175.89 and its 200 day simple moving average is $183.04. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.24. The company has a market cap of $2.91 trillion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 2.32 and a beta of 1.26. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $199.62.

Apple (NASDAQ:AAPLGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. The firm had revenue of $90.75 billion for the quarter, compared to the consensus estimate of $90.37 billion. Apple had a net margin of 26.31% and a return on equity of 148.33%. The business’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.52 earnings per share. On average, research analysts anticipate that Apple Inc. will post 6.57 earnings per share for the current year.

Apple announced that its board has authorized a share buyback plan on Thursday, May 2nd that allows the company to buyback $110.00 billion in shares. This buyback authorization allows the iPhone maker to repurchase up to 3.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 13th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Friday, May 10th. This is an increase from Apple’s previous quarterly dividend of $0.24. Apple’s dividend payout ratio (DPR) is 15.55%.

Insider Activity at Apple

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the 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 completion of the transaction, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction dated 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 transaction, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders have sold a total of 371,270 shares of company stock valued at $64,605,696 in the last 90 days. 0.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AAPL shares. The Goldman Sachs Group upped their target price on Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Canaccord Genuity Group increased their price objective on Apple from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. lifted their target price on shares of Apple from $210.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Barclays increased their price target on shares of Apple from $158.00 to $164.00 and gave the stock an “underweight” rating in a research note on Friday, May 3rd. Finally, Maxim Group assumed coverage on shares of Apple in a report on Wednesday, April 17th. They set a “hold” rating and a $178.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $205.44.

View Our Latest Stock Report on Apple

Apple Company Profile

(Free Report)

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

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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