Lake Hills Wealth Management LLC Has $3.21 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Lake Hills Wealth Management LLC grew its position in Apple Inc. (NASDAQ:AAPL) by 0.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,685 shares of the iPhone maker’s stock after buying an additional 82 shares during the period. Apple makes up 3.2% of Lake Hills Wealth Management LLC’s portfolio, making the stock its 11th largest position. Lake Hills Wealth Management LLC’s holdings in Apple were worth $3,212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Apple in the 4th quarter valued at $560,388,000. Hudson Bay Capital Management LP bought a new stake in Apple in the 3rd quarter valued at $487,435,000. Barclays PLC lifted its position in Apple by 6.0% in the 3rd quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock valued at $8,519,244,000 after acquiring an additional 2,826,709 shares in the last quarter. Granite Bay Wealth Management LLC bought a new stake in Apple in the 3rd quarter valued at $461,021,000. Finally, Morgan Stanley lifted its position in Apple by 1.0% in the 3rd quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock valued at $35,394,751,000 after acquiring an additional 2,018,010 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the transaction, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the transaction, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the transaction, the chief executive officer now owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. Insiders have sold a total of 366,271 shares of company stock worth $63,653,887 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Up 0.5 %

Shares of AAPL opened at $165.84 on Tuesday. Apple Inc. has a 52 week low of $162.80 and a 52 week high of $199.62. The firm has a market cap of $2.56 trillion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 1.99 and a beta of 1.27. The firm’s 50-day simple moving average is $174.24 and its 200 day simple moving average is $182.10. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. During the same quarter in the prior year, the business posted $1.88 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. On average, analysts forecast that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were given a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.58%. Apple’s payout ratio is presently 14.95%.

Analysts Set New Price Targets

Several equities research analysts recently commented on AAPL shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Apple in a research report on Tuesday, April 16th. Piper Sandler cut their price objective on shares of Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. Maxim Group initiated coverage on shares of Apple in a research report on Wednesday, April 17th. They issued a “hold” rating and a $178.00 price objective on the stock. Citigroup reissued a “buy” rating and set a $225.00 price target on shares of Apple in a research report on Friday, February 16th. Finally, Redburn Partners cut shares of Apple to a “neutral” rating and set a $200.00 price target on the stock. in a research report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $203.05.

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.