Apple Inc. (NASDAQ:AAPL) Stake Lowered by Moser Wealth Advisors LLC

Moser Wealth Advisors LLC lessened its stake in Apple Inc. (NASDAQ:AAPLFree Report) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,722 shares of the iPhone maker’s stock after selling 1,290 shares during the quarter. Apple accounts for approximately 8.7% of Moser Wealth Advisors LLC’s holdings, making the stock its 2nd biggest position. Moser Wealth Advisors LLC’s holdings in Apple were worth $13,616,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AAPL. Wyrmwood Management LLC increased its position 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 increased its holdings in shares of Apple by 118.0% in 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 in the last quarter. PayPay Securities Corp raised its position in Apple by 70.2% in the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after buying an additional 210 shares during the last quarter. Cordant Inc. boosted its holdings 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 acquiring an additional 140 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in Apple in the fourth quarter worth approximately $111,000. Institutional investors own 60.41% of the company’s stock.

Apple Stock Performance

NASDAQ AAPL opened at $194.35 on Wednesday. The business’s 50 day moving average price is $178.48 and its 200-day moving average price is $183.28. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $199.62. The company has a market cap of $2.98 trillion, a P/E ratio of 30.23, a P/E/G ratio of 2.34 and a beta of 1.25. 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:AAPLGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The iPhone maker reported $1.53 EPS for the quarter, beating the consensus estimate of $1.51 by $0.02. The company had revenue of $90.75 billion for the quarter, compared to the consensus estimate of $90.37 billion. Apple had a return on equity of 148.33% and a net margin of 26.31%. Apple’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.52 EPS. Sell-side analysts predict that Apple Inc. will post 6.57 earnings per share for the current year.

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

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 13th were issued a dividend of $0.25 per share. This is an increase from Apple’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 0.51%. The ex-dividend date was Friday, May 10th. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Insider Buying and Selling at Apple

In other news, SVP Deirdre O’brien sold 54,732 shares of the 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 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 Securities & Exchange Commission, which is available through this link. In other news, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction that occurred on 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 in the company, valued at $23,068,376.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Chris Kondo sold 4,999 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $190.40, for a total value of $951,809.60. Following the sale, the insider now owns 29,278 shares of the company’s stock, valued at approximately $5,574,531.20. The disclosure for this sale can be found here. Insiders sold a total of 346,270 shares of company stock valued at $60,880,196 in the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wedbush increased their price target on Apple from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, May 24th. Loop Capital lowered their target price on Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a report on Monday, April 1st. Citigroup cut their price target on Apple from $220.00 to $210.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Rosenblatt Securities reissued a “neutral” rating and issued a $196.00 price objective (up previously from $189.00) on shares of Apple in a report on Friday, May 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $216.00 target price on shares of Apple in a report on Tuesday. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $205.59.

Check Out Our Latest Analysis on AAPL

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

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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