FLC Capital Advisors Acquires 1,518 Shares of Apple Inc. (NASDAQ:AAPL)

FLC Capital Advisors raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,883 shares of the iPhone maker’s stock after purchasing an additional 1,518 shares during the period. Apple accounts for approximately 3.7% of FLC Capital Advisors’ investment portfolio, making the stock its 6th biggest holding. FLC Capital Advisors’ holdings in Apple were worth $13,647,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Conservest Capital Advisors Inc. raised its holdings in Apple by 0.3% in the 3rd quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock valued at $2,877,000 after acquiring an additional 55 shares during the last quarter. High Pines Wealth Management LLC raised its holdings in Apple by 0.7% in the 4th quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock valued at $1,638,000 after acquiring an additional 58 shares during the last quarter. Kraft Davis & Associates LLC raised its holdings in Apple by 0.9% in the 3rd quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock valued at $1,155,000 after acquiring an additional 59 shares during the last quarter. Asset Planning Corporation raised its holdings in Apple by 1.0% in the 4th quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock valued at $1,181,000 after acquiring an additional 59 shares during the last quarter. Finally, MKT Advisors LLC raised its holdings in Apple by 0.5% in the 2nd quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock valued at $1,777,000 after acquiring an additional 60 shares during the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the sale, the director now directly owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the sale, the director now directly owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction on Tuesday, April 2nd. The stock was 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 in the company, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders have sold 253,915 shares of company stock worth $44,202,868 in the last ninety days. 0.06% of the stock is owned by corporate insiders.

Apple Price Performance

Apple stock opened at $175.04 on Friday. The stock has a market cap of $2.70 trillion, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 2.03 and a beta of 1.27. The company has a fifty day simple moving average of $176.88 and a 200-day simple moving average of $182.15. Apple Inc. has a 12-month low of $159.78 and a 12-month high of $199.62. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.09. The business had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.88 EPS. Equities analysts expect that Apple Inc. will post 6.55 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently declared 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 0.55%. Apple’s dividend payout ratio is currently 14.95%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Apple from $215.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday. Monness Crespi & Hardt raised their price target on shares of Apple from $189.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. UBS Group restated a “hold” rating and set a $190.00 price target on shares of Apple in a report on Monday, March 25th. Piper Sandler Companies downgraded shares of Apple to a “neutral” rating and cut their price target for the stock from $220.00 to $205.00 in a report on Thursday, January 4th. Finally, Redburn Atlantic downgraded shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 price target for the company. in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $204.08.

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.