Apple Inc. (NASDAQ:AAPL) Shares Sold by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 256,491 shares of the iPhone maker’s stock after selling 1,715 shares during the quarter. Apple comprises 10.8% of SOA Wealth Advisors LLC.’s holdings, making the stock its 2nd biggest position. SOA Wealth Advisors LLC.’s holdings in Apple were worth $49,382,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AAPL. Atlantic Private Wealth LLC bought a new position in Apple in the first quarter valued at about $30,000. Wyrmwood Management LLC grew its position in Apple by 69.0% in 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 last quarter. Summit Wealth Group LLC grew its position in Apple by 16,252.3% in the first quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 6,949,659 shares during the last quarter. HBC Financial Services PLLC grew its position in Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after acquiring an additional 80 shares during the last quarter. Finally, West Tower Group LLC bought a new position in Apple in the second quarter valued at about $64,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Buying and Selling

In related news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction dated 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 sale, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Piper Sandler reduced their price target on Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Robert W. Baird boosted their price target on Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Morgan Stanley restated an “overweight” rating and set a $220.00 price target on shares of Apple in a report on Friday, March 22nd. UBS Group reiterated a “hold” rating and issued a $190.00 target price on shares of Apple in a report on Monday. Finally, Piper Sandler Companies cut Apple to a “neutral” rating and reduced their target price for the company from $220.00 to $205.00 in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $205.27.

Apple Stock Up 2.1 %

AAPL stock opened at $173.31 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The company has a market capitalization of $2.68 trillion, a price-to-earnings ratio of 27.00, a PEG ratio of 2.06 and a beta of 1.29. Apple Inc. has a fifty-two week low of $155.98 and a fifty-two week high of $199.62. The stock has a fifty day moving average of $181.68 and a 200-day moving average of $182.73.

Apple (NASDAQ:AAPL) last posted its quarterly 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 company had revenue of $119.60 billion during 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 firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.88 EPS. As a group, equities research analysts predict that Apple Inc. will post 6.55 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.55%. Apple’s dividend payout ratio (DPR) is 14.95%.

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.