Campbell Wealth Management Has $5.71 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Campbell Wealth Management increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 65.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,810 shares of the iPhone maker’s stock after acquiring an additional 9,005 shares during the period. Apple comprises approximately 0.5% of Campbell Wealth Management’s investment portfolio, making the stock its 15th largest holding. Campbell Wealth Management’s holdings in Apple were worth $5,712,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AAPL. Asset Planning Inc acquired a new position in shares of Apple during the 4th quarter worth about $8,095,000. Vicus Capital grew its holdings in Apple by 0.5% during the fourth quarter. Vicus Capital now owns 58,021 shares of the iPhone maker’s stock worth $14,530,000 after purchasing an additional 313 shares during the period. Banque Pictet & Cie SA increased its position in Apple by 8.2% during the fourth quarter. Banque Pictet & Cie SA now owns 415,985 shares of the iPhone maker’s stock worth $104,171,000 after buying an additional 31,515 shares during the last quarter. CFC Planning Co LLC acquired a new position in Apple during the fourth quarter worth approximately $6,205,000. Finally, Squire Investment Management Company LLC raised its stake in Apple by 7.5% in the fourth quarter. Squire Investment Management Company LLC now owns 6,371 shares of the iPhone maker’s stock valued at $1,595,000 after buying an additional 442 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Oppenheimer downgraded Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Monness Crespi & Hardt lifted their price objective on shares of Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price objective on shares of Apple in a research report on Monday, April 14th. JPMorgan Chase & Co. reduced their target price on shares of Apple from $270.00 to $245.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Apple in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average target price of $235.85.

Insider Buying and Selling at Apple

In other news, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the transaction, the chief executive officer now owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. The trade was a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 35,493 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total value of $7,950,786.93. Following the completion of the sale, the chief operating officer now owns 390,059 shares of the company’s stock, valued at $87,377,116.59. The trade was a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 182,451 shares of company stock worth $40,818,720. 0.06% of the stock is currently owned by insiders.

Apple Price Performance

AAPL stock opened at $196.79 on Friday. The stock has a market cap of $2.96 trillion, a price-to-earnings ratio of 31.24, a P/E/G ratio of 2.44 and a beta of 1.26. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The company has a 50 day simple moving average of $219.65 and a 200 day simple moving average of $230.08. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly 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 net margin of 24.30% and a return on equity of 160.83%. Research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.51%. Apple’s dividend payout ratio is presently 15.87%.

About Apple

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.