Apple Inc. (NASDAQ:AAPL) is RPg Family Wealth Advisory LLC’s 2nd Largest Position

RPg Family Wealth Advisory LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,808 shares of the iPhone maker’s stock after purchasing an additional 2,552 shares during the quarter. Apple comprises about 3.3% of RPg Family Wealth Advisory LLC’s portfolio, making the stock its 2nd biggest position. RPg Family Wealth Advisory LLC’s holdings in Apple were worth $9,012,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kingdom Financial Group LLC. raised its holdings in shares of Apple by 5.5% in the third quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock valued at $1,963,000 after acquiring an additional 598 shares in the last quarter. RFG Advisory LLC boosted its stake in shares of Apple by 13.6% during the third quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock valued at $29,589,000 after purchasing an additional 20,737 shares in the last quarter. Headinvest LLC boosted its stake in shares of Apple by 1.7% during the third quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock valued at $9,236,000 after purchasing an additional 872 shares in the last quarter. Sound Income Strategies LLC increased its holdings in Apple by 16.1% during the fourth quarter. Sound Income Strategies LLC now owns 75,110 shares of the iPhone maker’s stock valued at $14,461,000 after buying an additional 10,425 shares during the period. Finally, DNB Asset Management AS raised its stake in Apple by 6.9% in the fourth quarter. DNB Asset Management AS now owns 4,307,068 shares of the iPhone maker’s stock worth $829,240,000 after buying an additional 279,311 shares in the last quarter. 60.41% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the transaction, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Luca Maestri sold 53,194 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the completion of the transaction, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the sale, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. Over the last three months, insiders sold 366,271 shares of company stock worth $63,653,887. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of analyst reports. Rosenblatt Securities reiterated a “neutral” rating and issued a $189.00 price target on shares of Apple in a report on Tuesday, March 5th. Wedbush reiterated an “outperform” rating and issued a $250.00 target price on shares of Apple in a report on Tuesday, April 9th. Morgan Stanley lowered their price target on shares of Apple from $220.00 to $210.00 and set an “overweight” rating on the stock in a report on Monday. JPMorgan Chase & Co. decreased their target price on shares of Apple from $215.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. Finally, DA Davidson started coverage on shares of Apple in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 target price for the company. One equities research 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.05.

Apple Stock Up 0.6 %

Shares of AAPL opened at $166.90 on Wednesday. Apple Inc. has a 52-week low of $162.80 and a 52-week high of $199.62. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. The stock has a fifty day simple moving average of $173.88 and a two-hundred day simple moving average of $182.03. The company has a market capitalization of $2.58 trillion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 1.99 and a beta of 1.27.

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

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio is presently 14.95%.

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.