Wagner Wealth Management LLC Has $6.45 Million Position in Apple Inc. (NASDAQ:AAPL)

Wagner Wealth Management LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,769 shares of the iPhone maker’s stock after purchasing an additional 687 shares during the period. Apple makes up about 1.7% of Wagner Wealth Management LLC’s investment portfolio, making the stock its 15th biggest holding. Wagner Wealth Management LLC’s holdings in Apple were worth $6,453,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Drystone LLC bought a new stake in shares of Apple during the fourth quarter worth about $25,000. Bull Oak Capital LLC boosted its holdings in shares of Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new position in shares of Apple during the 3rd quarter worth $71,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of Apple in the third quarter valued at $77,000. Finally, ARK Investment Management LLC purchased a new stake in Apple in the 3rd quarter worth approximately $110,000. 67.73% of the stock is owned by institutional investors.

Insider Activity at Apple

In related news, COO Jeffrey E. Williams sold 35,493 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the sale, the chief operating officer now owns 390,059 shares in the company, valued at approximately $87,377,116.59. This trade represents a 8.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Katherine L. Adams sold 38,822 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total value of $8,683,316.74. Following the completion of the transaction, the senior vice president now owns 179,158 shares in the company, valued at approximately $40,072,269.86. This trade represents a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 182,451 shares of company stock valued at $40,818,720 over the last ninety days. Insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $198.15 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The firm has a fifty day simple moving average of $222.87 and a two-hundred day simple moving average of $231.14. The stock has a market capitalization of $2.98 trillion, a P/E ratio of 31.45, a PEG ratio of 2.44 and a beta of 1.26. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10.

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

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. UBS Group boosted their target price on Apple to $236.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. upped their price objective on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Jefferies Financial Group upgraded shares of Apple from an “underperform” rating to a “hold” rating and decreased their target price for the stock from $202.33 to $167.88 in a research note on Wednesday. Moffett Nathanson restated a “sell” rating and set a $188.00 target price (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Finally, Maxim Group lifted their price objective on shares of Apple to $215.00 and gave the stock a “hold” rating in a research note on Friday, February 21st. Three 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 issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $240.26.

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.