Apple Inc. (NASDAQ:AAPL) is Woodard & Co. Asset Management Group Inc. ADV’s 10th Largest Position

Woodard & Co. Asset Management Group Inc. ADV trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,863 shares of the iPhone maker’s stock after selling 462 shares during the quarter. Apple accounts for about 2.2% of Woodard & Co. Asset Management Group Inc. ADV’s investment portfolio, making the stock its 10th biggest position. Woodard & Co. Asset Management Group Inc. ADV’s holdings in Apple were worth $10,233,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. O Connor Financial Group LLC boosted its position in shares of Apple by 1.2% during the 4th quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock valued at $896,000 after purchasing an additional 41 shares in the last quarter. 1620 Investment Advisors Inc. lifted its stake in Apple by 0.5% during the third quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock valued at $2,249,000 after purchasing an additional 45 shares during the last quarter. Menard Financial Group LLC lifted its stake in Apple by 0.4% during the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock valued at $2,848,000 after purchasing an additional 48 shares during the last quarter. Hanseatic Management Services Inc. boosted its holdings in Apple by 1.3% during the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock worth $945,000 after buying an additional 48 shares in the last quarter. Finally, Family Capital Management Inc. grew its position in Apple by 0.3% in the fourth quarter. Family Capital Management Inc. now owns 16,910 shares of the iPhone maker’s stock worth $4,235,000 after buying an additional 48 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, CEO Timothy D. Cook sold 108,136 shares of the stock in a transaction 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 directly owns 3,280,295 shares of the company’s stock, valued at $733,637,976.75. This represents a 3.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Katherine L. Adams sold 38,822 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the transaction, the senior vice president now owns 179,158 shares in the company, valued at approximately $40,072,269.86. The trade was a 17.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 182,451 shares of company stock valued at $40,818,720 in the last 90 days. 0.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AAPL. Oppenheimer downgraded Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Bank of America dropped their price target on Apple from $265.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Tigress Financial raised their target price on shares of Apple from $295.00 to $300.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 3rd. Redburn Partners set a $230.00 target price on shares of Apple in a research report on Friday, January 31st. Finally, Raymond James upped their price target on shares of Apple to $250.00 and gave the company a “buy” rating in a research report on Friday, April 4th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $236.00.

Apple Trading Up 3.4 %

NASDAQ:AAPL opened at $199.74 on Wednesday. The company’s 50 day moving average is $217.94 and its 200-day moving average is $229.69. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple Inc. has a 12 month low of $164.92 and a 12 month high of $260.10. The firm has a market cap of $3.00 trillion, a price-to-earnings ratio of 31.70, a P/E/G ratio of 2.44 and a beta of 1.26.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 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%. Equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

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

Apple 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.