Capital Advisors Wealth Management LLC Has $7.85 Million Position in Apple Inc. (NASDAQ:AAPL)

Capital Advisors Wealth Management LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,786 shares of the iPhone maker’s stock after selling 1,928 shares during the period. Apple accounts for 1.6% of Capital Advisors Wealth Management LLC’s portfolio, making the stock its 17th largest holding. Capital Advisors Wealth Management LLC’s holdings in Apple were worth $7,851,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Conservest Capital Advisors Inc. grew its stake in 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 lifted its holdings in shares of Apple by 0.9% during the 4th 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 increased its stake in Apple by 0.7% during the 4th quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock worth $1,638,000 after purchasing an additional 58 shares in the last quarter. Asset Planning Corporation raised its holdings in Apple by 1.0% during the 4th quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock worth $1,181,000 after buying an additional 59 shares during the period. Finally, Columbus Macro LLC raised its holdings in Apple by 0.5% during the 4th quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock worth $2,120,000 after buying an additional 59 shares during the period. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In other news, Director Arthur D. Levinson sold 75,000 shares of Apple stock in a transaction 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 owns 4,359,576 shares in the company, valued at approximately $835,207,570.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Arthur D. Levinson sold 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $191.58, for a total value of $14,368,500.00. Following the sale, 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 filing with the SEC, which is available at the SEC website. 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 directly owns 136,572 shares in the company, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders have sold a total of 346,270 shares of company stock valued at $60,880,196 in the last ninety days. 0.06% of the stock is currently owned by company insiders.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $210.62 on Friday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $220.20. The company’s 50 day moving average price is $192.13 and its two-hundred day moving average price is $185.40. The firm has a market cap of $3.23 trillion, a PE ratio of 32.76, a PEG ratio of 2.60 and a beta of 1.25. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.24.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, May 2nd. The iPhone maker reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. The firm had revenue of $90.75 billion for the quarter, compared to analyst estimates of $90.37 billion. Apple had a return on equity of 148.33% and a net margin of 26.31%. The company’s revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the company earned $1.52 EPS. Equities research analysts predict that Apple Inc. will post 6.59 earnings per share for the current year.

Apple announced 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 reacquire up to 3.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Apple Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Monness Crespi & Hardt reissued a “buy” rating and set a $205.00 price objective on shares of Apple in a research report on Thursday, June 6th. Melius Research lifted their price target on Apple from $227.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Itau BBA Securities raised Apple from an “underperform” rating to a “market perform” rating and upped their price objective for the stock from $162.00 to $188.00 in a research report on Friday, May 3rd. Oppenheimer lifted their target price on Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Bank of America restated a “buy” rating and issued a $230.00 target price on shares of Apple in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $215.71.

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.