Authentikos Wealth Advisory LLC Has $3.41 Million Stake in Apple Inc. (NASDAQ:AAPL)

Authentikos Wealth Advisory LLC boosted its stake in Apple Inc. (NASDAQ:AAPL) by 36.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,603 shares of the iPhone maker’s stock after purchasing an additional 3,668 shares during the quarter. Apple comprises approximately 3.4% of Authentikos Wealth Advisory LLC’s portfolio, making the stock its 8th biggest holding. Authentikos Wealth Advisory LLC’s holdings in Apple were worth $3,406,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Amara Financial LLC. purchased a new stake in Apple during the third quarter valued at about $288,000. Sterling Investment Counsel LLC increased its stake in shares of Apple by 3.8% in the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock worth $16,269,000 after buying an additional 2,565 shares during the period. Silicon Valley Capital Partners boosted its holdings in shares of Apple by 12.8% during the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock worth $59,122,000 after purchasing an additional 28,799 shares during the period. Catalyst Financial Partners LLC boosted its holdings in Apple by 4.2% in the third quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock valued at $22,505,000 after acquiring an additional 3,935 shares in the last quarter. Finally, Narwhal Capital Management increased its position in Apple by 2.5% during the 3rd quarter. Narwhal Capital Management now owns 276,791 shares of the iPhone maker’s stock valued at $64,492,000 after purchasing an additional 6,711 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Apple Trading Up 2.2 %

Shares of AAPL stock opened at $202.52 on Tuesday. The stock has a fifty day simple moving average of $222.27 and a two-hundred day simple moving average of $230.99. The firm has a market capitalization of $3.04 trillion, a PE ratio of 32.15, 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. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

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

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is 15.87%.

Wall Street Analyst Weigh In

Several analysts have commented on AAPL shares. Monness Crespi & Hardt raised their price objective on shares of Apple to $245.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Jefferies Financial Group upgraded Apple from an “underperform” rating to a “hold” rating and dropped their price target for the company from $202.33 to $167.88 in a research report on Wednesday, April 9th. Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research report on Tuesday, January 21st. Oppenheimer downgraded Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Finally, Morgan Stanley reduced their price objective on shares of Apple from $252.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.85.

Insider Activity at Apple

In other 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 transaction, the chief operating officer now directly owns 390,059 shares of the company’s stock, 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 SEC, which can be accessed through this link. Also, CEO Timothy D. Cook sold 108,136 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total value of $24,184,616.40. Following the completion of the sale, the chief executive officer now owns 3,280,295 shares of the company’s stock, valued at $733,637,976.75. The trade was a 3.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 182,451 shares of company stock worth $40,818,720. Company insiders own 0.06% of the company’s stock.

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.