Good Life Advisors LLC Raises Holdings in Apple Inc. (NASDAQ:AAPL)

Good Life Advisors LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 172,109 shares of the iPhone maker’s stock after purchasing an additional 1,730 shares during the quarter. Apple comprises about 3.3% of Good Life Advisors LLC’s investment portfolio, making the stock its 5th largest holding. Good Life Advisors LLC’s holdings in Apple were worth $33,136,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. IFM Investors Pty Ltd grew its holdings in Apple by 20.0% during the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock worth $456,728,000 after acquiring an additional 435,891 shares during the period. Ironwood Wealth Management LLC. grew its holdings in Apple by 0.4% during the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock worth $42,016,000 after acquiring an additional 1,040 shares during the period. Markel Corp grew its holdings in Apple by 0.7% during the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after acquiring an additional 8,450 shares during the period. Camden Capital LLC grew its holdings in Apple by 9.2% during the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock worth $27,305,000 after acquiring an additional 13,200 shares during the period. Finally, Harbor Island Capital LLC grew its holdings in Apple by 0.3% during the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock worth $23,629,000 after acquiring an additional 400 shares during the period. 60.41% of the stock is currently owned by institutional investors.

Apple Stock Up 4.3 %

AAPL opened at $175.04 on Friday. The business has a 50 day moving average price of $176.88 and a 200 day moving average price of $182.15. Apple Inc. has a twelve month low of $159.78 and a twelve month high of $199.62. 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 firm 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.

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 analyst estimates of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. 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. Research analysts forecast that Apple Inc. will post 6.55 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.55%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio is currently 14.95%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AAPL shares. Morgan Stanley reaffirmed an “overweight” rating and set a $220.00 target price on shares of Apple in a report on Friday, March 22nd. Piper Sandler Companies cut Apple to a “neutral” rating and dropped their price target for the stock from $220.00 to $205.00 in a research note on Thursday, January 4th. DZ Bank reissued a “hold” rating and issued a $180.00 price target on shares of Apple in a research note on Thursday, March 28th. Citigroup reissued a “buy” rating and issued a $225.00 price target on shares of Apple in a research note on Friday, February 16th. Finally, Oppenheimer reissued an “outperform” rating and issued a $200.00 price target on shares of Apple in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $204.08.

Insiders Place Their Bets

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of Apple 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 transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Apple news, SVP Deirdre O’brien sold 54,732 shares of Apple 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 SEC, which is accessible through this link. Also, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the sale, the director now 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 253,915 shares of company stock valued at $44,202,868 in the last three months. Company insiders own 0.06% of the company’s stock.

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.