Apple Inc. (NASDAQ:AAPL) Stock Position Lessened by ORBA Wealth Advisors L.L.C.

ORBA Wealth Advisors L.L.C. trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,874 shares of the iPhone maker’s stock after selling 677 shares during the period. Apple makes up 9.3% of ORBA Wealth Advisors L.L.C.’s investment portfolio, making the stock its largest holding. ORBA Wealth Advisors L.L.C.’s holdings in Apple were worth $17,748,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amara Financial LLC. purchased a new position in shares of Apple in the third quarter worth approximately $288,000. Silicon Valley Capital Partners boosted its stake in shares of Apple by 12.8% during the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock worth $59,122,000 after acquiring an additional 28,799 shares during the last quarter. Vestcor Inc grew its position in shares of Apple by 10.1% during the 3rd quarter. Vestcor Inc now owns 375,539 shares of the iPhone maker’s stock valued at $87,501,000 after acquiring an additional 34,414 shares during the period. 5th Street Advisors LLC increased its stake in shares of Apple by 32.9% in the 3rd quarter. 5th Street Advisors LLC now owns 15,100 shares of the iPhone maker’s stock worth $3,518,000 after purchasing an additional 3,736 shares in the last quarter. Finally, Simmons Bank raised its holdings in Apple by 1.6% in the 3rd quarter. Simmons Bank now owns 132,641 shares of the iPhone maker’s stock worth $30,905,000 after purchasing an additional 2,086 shares during the period. Institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AAPL shares. Jefferies Financial Group reissued an “underperform” rating and set a $170.62 price target (up previously from $167.88) on shares of Apple in a report on Friday. UBS Group reduced their target price on shares of Apple from $236.00 to $210.00 and set a “neutral” rating for the company in a report on Wednesday, April 23rd. Argus upgraded shares of Apple to a “strong-buy” rating in a research note on Friday, January 31st. Raymond James dropped their price target on shares of Apple from $250.00 to $230.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Finally, Barclays decreased their price objective on shares of Apple from $197.00 to $173.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $235.80.

Apple Price Performance

Shares of Apple stock opened at $198.89 on Tuesday. The stock has a 50 day moving average price of $211.32 and a 200-day moving average price of $228.33. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The stock has a market cap of $2.99 trillion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 2.44 and a beta of 1.27. 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 posted its quarterly earnings data on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, topping the consensus estimate of $1.62 by $0.03. Apple had a net margin of 24.30% and a return on equity of 160.83%. The company had revenue of $95.36 billion during the quarter, compared to analyst estimates of $94.04 billion. During the same period in the previous year, the firm earned $1.53 earnings per share. Apple’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 12th will be given a $0.26 dividend. This is a positive change from Apple’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Monday, May 12th. Apple’s dividend payout ratio is 16.20%.

Apple announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 1st that authorizes the company to buyback $100.00 billion in shares. This buyback authorization authorizes the iPhone maker to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, CFO Kevan Parekh sold 4,570 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total value of $941,420.00. Following the sale, the chief financial officer now directly owns 4,569 shares in the company, valued at approximately $941,214. This represents a 50.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 108,136 shares of the business’s 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 transaction, the chief executive officer now owns 3,280,295 shares of the company’s stock, valued at approximately $733,637,976.75. The trade was a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 187,021 shares of company stock valued at $41,760,140 over the last 90 days. Insiders own 0.06% of the company’s stock.

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.