Wealthcare Advisory Partners LLC Has $53.74 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Wealthcare Advisory Partners LLC trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,610 shares of the iPhone maker’s stock after selling 1,336 shares during the quarter. Apple makes up about 1.5% of Wealthcare Advisory Partners LLC’s portfolio, making the stock its 11th largest holding. Wealthcare Advisory Partners LLC’s holdings in Apple were worth $53,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Wealthcare Capital Management LLC increased its position in Apple by 5.4% during the 4th quarter. Wealthcare Capital Management LLC now owns 11,685 shares of the iPhone maker’s stock worth $2,926,000 after purchasing an additional 596 shares in the last quarter. Everpar Advisors LLC increased its position in Apple by 6.5% in the 4th quarter. Everpar Advisors LLC now owns 33,116 shares of the iPhone maker’s stock valued at $8,293,000 after acquiring an additional 2,011 shares during the period. Total Wealth Planning LLC increased its position in Apple by 11.4% in the 4th quarter. Total Wealth Planning LLC now owns 5,827 shares of the iPhone maker’s stock valued at $1,459,000 after acquiring an additional 594 shares during the period. RDA Financial Network increased its position in Apple by 11.4% in the 4th quarter. RDA Financial Network now owns 45,449 shares of the iPhone maker’s stock valued at $11,381,000 after acquiring an additional 4,661 shares during the period. Finally, Truefg LLC increased its position in Apple by 28.2% in the 4th quarter. Truefg LLC now owns 6,912 shares of the iPhone maker’s stock valued at $1,731,000 after acquiring an additional 1,522 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Up 1.9 %

Apple stock opened at $241.76 on Monday. The firm’s fifty day moving average price is $239.60 and its two-hundred day moving average price is $233.75. The firm has a market capitalization of $3.63 trillion, a price-to-earnings ratio of 38.37, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, equities research analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. Apple’s payout ratio is 15.87%.

Insider Transactions at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Monness Crespi & Hardt upped their price target on shares of Apple to $245.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Citigroup upped their price target on shares of Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Jefferies Financial Group restated an “underperform” rating on shares of Apple in a research report on Wednesday, February 19th. Oppenheimer lowered shares of Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Finally, DA Davidson set a $290.00 price objective on shares of Apple in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $243.88.

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.