Straight Path Wealth Management Has $834,000 Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Straight Path Wealth Management lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 10.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,334 shares of the iPhone maker’s stock after selling 484 shares during the period. Apple comprises approximately 0.5% of Straight Path Wealth Management’s portfolio, making the stock its 25th biggest position. Straight Path Wealth Management’s holdings in Apple were worth $834,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Wyrmwood Management LLC boosted its position in Apple by 69.0% during the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after purchasing an additional 69 shares during the last quarter. Gilfoyle & Co LLC raised its holdings in Apple by 118.0% during the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after buying an additional 118 shares in the last quarter. PayPay Securities Corp raised its holdings in Apple by 70.2% during the third quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock valued at $87,000 after buying an additional 210 shares in the last quarter. Cordant Inc. raised its holdings in Apple by 27.7% during the third quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after buying an additional 140 shares in the last quarter. Finally, Life Planning Partners Inc bought a new position in Apple during the fourth quarter valued at about $132,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Stock Up 0.5 %

NASDAQ AAPL opened at $169.89 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. The stock’s 50 day moving average is $173.30 and its two-hundred day moving average is $181.85. The company has a market capitalization of $2.62 trillion, a price-to-earnings ratio of 26.46, a PEG ratio of 2.01 and a beta of 1.27. Apple Inc. has a 1-year low of $162.80 and a 1-year high of $199.62.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. The company had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.88 earnings per share. Equities analysts forecast that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Insider Transactions at Apple

In other news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the transaction, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the transaction, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the transaction, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. Insiders have sold 366,271 shares of company stock valued at $63,653,887 in the last three months. 0.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on AAPL shares. Piper Sandler Companies lowered Apple to a “neutral” rating and cut their target price for the company from $220.00 to $205.00 in a report on Thursday, January 4th. DA Davidson started coverage on Apple in a report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 target price on the stock. Maxim Group started coverage on Apple in a report on Wednesday, April 17th. They set a “hold” rating and a $178.00 target price on the stock. JPMorgan Chase & Co. cut their target price on Apple from $215.00 to $210.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Finally, Bank of America upgraded Apple from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $208.00 to $225.00 in a research note on Thursday, January 18th. One 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $203.05.

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.