True Link Financial Advisors LLC Has $733,000 Stock Position in Apple Inc. (NASDAQ:AAPL)

True Link Financial Advisors LLC reduced its holdings in Apple Inc. (NASDAQ:AAPL) by 30.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,805 shares of the iPhone maker’s stock after selling 1,691 shares during the quarter. True Link Financial Advisors LLC’s holdings in Apple were worth $733,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc increased its position in shares of Apple by 0.4% during the fourth quarter. AdvisorNet Financial Inc now owns 199,909 shares of the iPhone maker’s stock worth $38,488,000 after buying an additional 727 shares during the period. Lineweaver Wealth Advisors LLC increased its position in shares of Apple by 8.7% during the fourth quarter. Lineweaver Wealth Advisors LLC now owns 86,625 shares of the iPhone maker’s stock worth $16,679,000 after buying an additional 6,962 shares during the period. MBA Advisors LLC increased its position in shares of Apple by 0.3% during the fourth quarter. MBA Advisors LLC now owns 26,526 shares of the iPhone maker’s stock worth $5,107,000 after buying an additional 78 shares during the period. Wealth Management Resources Inc. increased its position in shares of Apple by 12.0% during the fourth quarter. Wealth Management Resources Inc. now owns 7,557 shares of the iPhone maker’s stock worth $1,455,000 after buying an additional 807 shares during the period. Finally, Alliance Wealth Management Group acquired a new stake in Apple in the fourth quarter worth $5,649,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Apple

In related news, CEO Timothy D. Cook sold 99,183 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the transaction, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Timothy D. Cook sold 99,183 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the transaction, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 54,732 shares of Apple 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 sale, the senior vice president now owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 366,271 shares of company stock valued at $63,653,887. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Barclays reduced their price target on shares of Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a report on Friday, February 2nd. DZ Bank restated a “hold” rating and issued a $180.00 price target on shares of Apple in a report on Thursday, March 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Apple in a research note on Tuesday. DA Davidson began coverage on shares of Apple in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price objective on the stock. Finally, UBS Group reaffirmed a “hold” rating and issued a $190.00 price objective on shares of Apple in a research note on Monday, March 25th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $203.34.

Apple Price Performance

AAPL opened at $167.04 on Friday. The company has a market capitalization of $2.58 trillion, a price-to-earnings ratio of 26.02, a PEG ratio of 2.04 and a beta of 1.27. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. The firm has a 50-day moving average price of $175.15 and a 200-day moving average price of $182.10. Apple Inc. has a twelve month low of $162.80 and a twelve month high of $199.62.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.09. The firm had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company earned $1.88 earnings per share. Equities analysts expect that Apple Inc. will post 6.54 EPS for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 0.57%. Apple’s dividend payout ratio is currently 14.95%.

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.