Dougherty Wealth Advisers LLC Sells 237 Shares of Apple Inc. (NASDAQ:AAPL)

Dougherty Wealth Advisers LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,339 shares of the iPhone maker’s stock after selling 237 shares during the period. Apple accounts for 4.3% of Dougherty Wealth Advisers LLC’s holdings, making the stock its 5th largest position. Dougherty Wealth Advisers LLC’s holdings in Apple were worth $4,686,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. IFM Investors Pty Ltd grew its stake 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 buying an additional 435,891 shares in the last quarter. Ironwood Wealth Management LLC. boosted its position in shares of Apple by 0.4% during the 1st 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 in the last quarter. Markel Corp increased its stake in Apple by 0.7% in the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock valued at $210,752,000 after acquiring an additional 8,450 shares during the last quarter. Camden Capital LLC increased its stake in Apple by 9.2% in the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after acquiring an additional 13,200 shares during the last quarter. Finally, Harbor Island Capital LLC raised its position in Apple by 0.3% during the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after purchasing an additional 400 shares in the last quarter. 60.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AAPL shares. DZ Bank reiterated a “hold” rating and issued a $180.00 price target on shares of Apple in a research note on Thursday, March 28th. Oppenheimer reiterated an “outperform” rating and issued a $200.00 target price on shares of Apple in a research report on Friday, February 2nd. Wedbush reissued an “outperform” rating and issued a $250.00 target price on shares of Apple in a report on Tuesday, April 9th. Citigroup reaffirmed a “buy” rating and set a $225.00 price target on shares of Apple in a report on Friday, February 16th. Finally, Robert W. Baird increased their price objective on shares of Apple from $186.00 to $200.00 and gave the company 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 given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $203.34.

Apple Price Performance

Shares of NASDAQ AAPL opened at $165.00 on Monday. The stock has a market cap of $2.55 trillion, a price-to-earnings ratio of 25.70, a PEG ratio of 1.99 and a beta of 1.27. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a fifty-two week low of $162.80 and a fifty-two week high of $199.62. The firm’s 50-day simple moving average is $174.67 and its 200 day simple moving average is $182.17.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 EPS 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 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% compared to the same quarter last year. During the same period in the prior year, the business posted $1.88 earnings per share. As a group, research analysts anticipate that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Insiders Place Their Bets

In related news, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction 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 $23,068,376.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Apple news, COO Jeffrey E. Williams sold 59,162 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $172.22, for a total value of $10,188,879.64. Following the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $84,378,155.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction 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 sale, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. 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 currently owned by insiders.

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.