Warren Street Wealth Advisors LLC Has $3.21 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Warren Street Wealth Advisors LLC grew its position in Apple Inc. (NASDAQ:AAPL) by 10.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,665 shares of the iPhone maker’s stock after purchasing an additional 1,557 shares during the period. Apple comprises approximately 1.8% of Warren Street Wealth Advisors LLC’s holdings, making the stock its 12th biggest holding. Warren Street Wealth Advisors LLC’s holdings in Apple were worth $3,208,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Conservest Capital Advisors Inc. boosted its position in shares of Apple by 0.3% in the third quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock valued at $2,877,000 after acquiring an additional 55 shares during the period. Flagstone Financial Management raised its stake in Apple by 0.9% in the fourth quarter. Flagstone Financial Management now owns 6,092 shares of the iPhone maker’s stock valued at $1,173,000 after purchasing an additional 56 shares in the last quarter. High Pines Wealth Management LLC raised its stake in Apple by 0.7% in the fourth quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock valued at $1,638,000 after purchasing an additional 58 shares in the last quarter. Asset Planning Corporation raised its stake in Apple by 1.0% in the fourth quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock valued at $1,181,000 after purchasing an additional 59 shares in the last quarter. Finally, Columbus Macro LLC raised its stake in Apple by 0.5% in the fourth quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock valued at $2,120,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Stock Performance

Shares of AAPL stock opened at $214.29 on Wednesday. The business’s 50 day simple moving average is $185.62 and its 200 day simple moving average is $184.36. Apple Inc. has a one year low of $164.07 and a one year high of $220.20. The stock has a market capitalization of $3.29 trillion, a PE ratio of 33.33, a PEG ratio of 2.59 and a beta of 1.25. 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:AAPL) last announced its earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 EPS for the quarter, beating the consensus estimate of $1.51 by $0.02. Apple had a return on equity of 148.33% and a net margin of 26.31%. The business had revenue of $90.75 billion for the quarter, compared to analysts’ expectations of $90.37 billion. During the same period in the prior year, the business posted $1.52 earnings per share. The firm’s revenue was down 4.3% on a year-over-year basis. As a group, research analysts forecast that Apple Inc. will post 6.58 earnings per share for the current year.

Apple declared that its Board of Directors has authorized a share repurchase program on Thursday, May 2nd that permits the company to buyback $110.00 billion in outstanding shares. This buyback authorization permits the iPhone maker to purchase up to 3.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 13th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. This is a boost from Apple’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, May 10th. Apple’s dividend payout ratio is presently 15.55%.

Insiders Place Their Bets

In other Apple news, Director Arthur D. Levinson sold 75,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $191.58, for a total transaction of $14,368,500.00. Following the transaction, the director now directly owns 4,359,576 shares in the company, valued at approximately $835,207,570.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the transaction, the chief executive officer now directly owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Arthur D. Levinson sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $191.58, for a total value of $14,368,500.00. Following the transaction, the director now directly owns 4,359,576 shares in the company, valued at $835,207,570.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 346,270 shares of company stock worth $60,880,196. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of analyst reports. Sanford C. Bernstein raised Apple from a “market perform” rating to an “outperform” rating and set a $195.00 price target for the company in a research note on Monday, April 29th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $205.00 price target on shares of Apple in a research note on Thursday, June 6th. Wedbush boosted their price target on Apple from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. DZ Bank reaffirmed a “hold” rating and issued a $180.00 price target on shares of Apple in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. boosted their price target on Apple from $225.00 to $245.00 and gave the company an “overweight” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $208.06.

Apple Company 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.