LexAurum Advisors LLC Has $12.37 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

LexAurum Advisors LLC cut its position in shares of Apple Inc. (NASDAQ:AAPL) by 12.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,158 shares of the iPhone maker’s stock after selling 10,309 shares during the period. Apple comprises 3.1% of LexAurum Advisors LLC’s portfolio, making the stock its 4th biggest position. LexAurum Advisors LLC’s holdings in Apple were worth $12,374,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wyrmwood Management LLC raised its position in Apple by 69.0% during the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after purchasing an additional 69 shares in the last quarter. A.P. Gilfoyle & Co. L.P. bought a new stake in Apple during the 4th quarter valued at $39,000. Gilfoyle & Co LLC raised its position 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. University of Texas Texas AM Investment Managment Co. raised its position in Apple by 657.1% during the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after purchasing an additional 368 shares in the last quarter. Finally, Clarity Asset Management Inc. bought a new stake in Apple during the 4th quarter valued at $85,000. 60.41% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Arthur D. Levinson sold 75,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now owns 4,359,576 shares of the company’s stock, valued at approximately $835,207,570.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the transaction, the director now owns 4,359,576 shares of the company’s stock, valued at $835,207,570.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 346,270 shares of company stock valued at $60,880,196. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AAPL. Morgan Stanley reiterated an “overweight” rating and issued a $216.00 price target on shares of Apple in a report on Tuesday, June 11th. Rosenblatt Securities reiterated a “neutral” rating and issued a $196.00 price target on shares of Apple in a report on Tuesday, June 11th. Monness Crespi & Hardt reiterated a “buy” rating and issued a $205.00 price target on shares of Apple in a report on Thursday, June 6th. UBS Group reiterated a “neutral” rating and issued a $190.00 price target on shares of Apple in a report on Tuesday, June 11th. Finally, Tigress Financial lifted their price target on Apple from $240.00 to $245.00 and gave the company a “strong-buy” rating in a report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $210.83.

Apple Stock Performance

Shares of AAPL stock opened at $208.14 on Tuesday. The stock has a market cap of $3.19 trillion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 2.55 and a beta of 1.25. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $220.20. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.24. The business has a 50-day simple moving average of $188.57 and a 200-day simple moving average of $184.85.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. The company had revenue of $90.75 billion during the quarter, compared to analysts’ expectations of $90.37 billion. Apple had a return on equity of 148.33% and a net margin of 26.31%. Apple’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 EPS. On average, equities analysts expect that Apple Inc. will post 6.58 EPS for the current year.

Apple declared that its Board of Directors has approved a share repurchase plan on Thursday, May 2nd that permits the company to buyback $110.00 billion in shares. This buyback authorization permits the iPhone maker to buy up to 3.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 13th were issued a $0.25 dividend. This is a boost from Apple’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.48%. Apple’s dividend payout ratio is presently 15.55%.

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.