Apple Inc. (NASDAQ:AAPL) is Semus Wealth Partners LLC’s Largest Position

Semus Wealth Partners LLC lowered its stake in Apple Inc. (NASDAQ:AAPL) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,878 shares of the iPhone maker’s stock after selling 582 shares during the period. Apple makes up approximately 21.4% of Semus Wealth Partners LLC’s investment portfolio, making the stock its biggest position. Semus Wealth Partners LLC’s holdings in Apple were worth $26,161,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Apple during the fourth quarter valued at approximately $560,388,000. Hudson Bay Capital Management LP purchased a new position in shares of Apple during the third quarter valued at approximately $487,435,000. Barclays PLC boosted its position in shares of Apple by 6.0% during the third quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock valued at $8,519,244,000 after buying an additional 2,826,709 shares during the period. Granite Bay Wealth Management LLC purchased a new position in shares of Apple during the third quarter valued at approximately $461,021,000. Finally, Morgan Stanley boosted its position in shares of Apple by 1.0% during the third quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock valued at $35,394,751,000 after buying an additional 2,018,010 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. DA Davidson assumed coverage on Apple in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 target price for the company. Oppenheimer reiterated an “outperform” rating and issued a $200.00 price target on shares of Apple in a report on Friday, February 2nd. Wedbush reiterated an “outperform” rating and issued a $250.00 price target on shares of Apple in a report on Tuesday, April 9th. JPMorgan Chase & Co. lowered their price target on Apple from $215.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. Finally, Robert W. Baird boosted their price target on Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a report 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $203.05.

Apple Stock Performance

Shares of AAPL stock opened at $169.89 on Friday. The business’s fifty day simple moving average is $173.30 and its 200-day simple moving average is $181.85. The company has a market cap of $2.62 trillion, a PE ratio of 26.46, a PEG ratio of 2.01 and a beta of 1.27. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. Apple Inc. has a 12-month low of $162.80 and a 12-month high of $199.62.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The company 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 firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.88 EPS. Analysts expect that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were paid a $0.24 dividend. 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 0.57%. Apple’s dividend payout ratio (DPR) is 14.95%.

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Apple news, COO Jeffrey E. Williams sold 59,162 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the sale, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at approximately $84,378,155.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction dated 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 sale, the senior vice president now directly owns 136,572 shares in the company, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders sold 366,271 shares of company stock worth $63,653,887 in the last 90 days. Insiders own 0.06% of the company’s stock.

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.