Total Clarity Wealth Management Inc. Acquires 2,681 Shares of Apple Inc. (NASDAQ:AAPL)

Total Clarity Wealth Management Inc. grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 9.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 31,335 shares of the iPhone maker’s stock after acquiring an additional 2,681 shares during the period. Apple comprises about 2.5% of Total Clarity Wealth Management Inc.’s portfolio, making the stock its 3rd largest holding. Total Clarity Wealth Management Inc.’s holdings in Apple were worth $6,033,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Wyrmwood Management LLC raised its holdings in shares of 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 acquiring an additional 69 shares during the period. Gilfoyle & Co LLC boosted its stake in Apple by 118.0% in the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after purchasing an additional 118 shares during the period. PayPay Securities Corp grew its position in Apple by 70.2% during the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after purchasing an additional 210 shares in the last quarter. Cordant Inc. raised its stake in Apple by 27.7% during the 3rd quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after purchasing an additional 140 shares during the period. Finally, Life Planning Partners Inc purchased a new stake in shares of Apple in the fourth quarter valued at $132,000. 60.41% of the stock is owned by institutional investors.

Apple Trading Down 0.3 %

Shares of Apple stock opened at $169.30 on Friday. The company’s fifty day moving average price is $173.04 and its two-hundred day moving average price is $181.79. The firm has a market capitalization of $2.61 trillion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $199.62. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPL) last posted its earnings results 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 business had revenue of $119.60 billion for 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 firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.88 earnings per share. On average, analysts expect that Apple Inc. will post 6.54 EPS for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors 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 annualized dividend and a dividend yield of 0.57%. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Insider Activity at Apple

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction 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 directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, 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 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 $23,068,376.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $18,094,000.00. Following the completion of the transaction, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The disclosure for this sale can be found here. Insiders have sold a total of 366,271 shares of company stock valued at $63,653,887 in the last 90 days. 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 cut Apple to a “neutral” rating and lowered their target price for the company from $220.00 to $205.00 in a research note on Thursday, January 4th. Monness Crespi & Hardt boosted their price objective on shares of Apple from $189.00 to $200.00 and gave the company a “buy” rating 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 target price for the company. Wedbush restated an “outperform” rating and set a $250.00 price target on shares of Apple in a report on Tuesday, April 9th. Finally, Robert W. Baird upped their price target on shares of Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average price target 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.