Apple Inc. (NASDAQ:AAPL) is Omnia Family Wealth LLC’s 7th Largest Position

Omnia Family Wealth LLC lifted its holdings in Apple Inc. (NASDAQ:AAPLFree Report) by 2.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 30,683 shares of the iPhone maker’s stock after purchasing an additional 635 shares during the period. Apple comprises 3.0% of Omnia Family Wealth LLC’s holdings, making the stock its 7th biggest position. Omnia Family Wealth LLC’s holdings in Apple were worth $5,907,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Wyrmwood Management LLC raised its stake in shares of Apple by 69.0% during the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after acquiring an additional 69 shares in the last quarter. Gilfoyle & Co LLC increased its stake in Apple by 118.0% during the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after purchasing an additional 118 shares in the last quarter. PayPay Securities Corp increased its stake in Apple by 70.2% during the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock valued at $87,000 after purchasing an additional 210 shares in the last quarter. Cordant Inc. increased its stake in Apple by 27.7% during the 3rd quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after purchasing an additional 140 shares in the last quarter. Finally, Friedenthal Financial acquired a new position in Apple during the 4th quarter valued at approximately $111,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling

In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Timothy D. Cook sold 99,183 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were 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 in the company, valued at $574,260,512.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction that occurred on 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 sale, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The disclosure for this sale can be found here. Insiders have sold 271,270 shares of company stock worth $46,511,696 in the last three months. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of Apple stock opened at $191.29 on Friday. The firm’s fifty day simple moving average is $177.13 and its 200-day simple moving average is $183.23. The stock has a market capitalization of $2.93 trillion, a price-to-earnings ratio of 29.75, a PEG ratio of 2.32 and a beta of 1.26. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $199.62. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.04 and a quick ratio of 0.99.

Apple (NASDAQ:AAPLGet Free Report) last announced its earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. The business had revenue of $90.75 billion for the quarter, compared to analysts’ expectations of $90.37 billion. Apple had a net margin of 26.31% and a return on equity of 148.33%. The company’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 EPS. As a group, equities analysts forecast that Apple Inc. will post 6.57 earnings per share for the current year.

Apple announced that its board has authorized a share repurchase program on Thursday, May 2nd that authorizes the company to buyback $110.00 billion in shares. This buyback authorization authorizes the iPhone maker to buy up to 3.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 13th were given a $0.25 dividend. The ex-dividend date was Friday, May 10th. This is a positive change from Apple’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 0.52%. Apple’s payout ratio is currently 15.55%.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of recent analyst reports. Canaccord Genuity Group upped their price target on shares of Apple from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Morgan Stanley upped their price target on shares of Apple from $210.00 to $216.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Canaccord Genuity Group upped their price target on shares of Apple from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Saturday, May 4th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $196.00 price objective (up from $189.00) on shares of Apple in a report on Friday, May 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Apple from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $205.59.

Check Out Our Latest Stock Report on AAPL

Apple Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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