Henrickson Nauta Wealth Advisors Inc. Increases Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Henrickson Nauta Wealth Advisors Inc. increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 34.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,744 shares of the iPhone maker’s stock after purchasing an additional 965 shares during the period. Henrickson Nauta Wealth Advisors Inc.’s holdings in Apple were worth $628,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wyrmwood Management LLC raised its holdings in shares of Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after buying an additional 69 shares during the period. A.P. Gilfoyle & Co. L.P. purchased a new stake in Apple during the fourth quarter worth about $39,000. Gilfoyle & Co LLC lifted its position in shares of Apple by 118.0% during the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after purchasing an additional 118 shares in the last quarter. University of Texas Texas AM Investment Managment Co. boosted its stake in shares of Apple by 657.1% in the fourth 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 during the period. Finally, Clarity Asset Management Inc. acquired a new position in shares of Apple in the fourth quarter valued at approximately $85,000. 60.41% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Up 2.9 %

AAPL opened at $216.75 on Tuesday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $220.20. The business has a 50 day moving average price of $192.13 and a two-hundred day moving average price of $185.31. 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 company has a market cap of $3.32 trillion, a PE ratio of 33.71, a P/E/G ratio of 2.56 and a beta of 1.24.

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

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

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, May 13th were issued a $0.25 dividend. This is an increase 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 annualized dividend and a dividend yield of 0.46%. Apple’s payout ratio is presently 15.55%.

Insider Transactions at Apple

In related news, CFO Luca Maestri sold 53,194 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $174.12, for a total value of $9,262,139.28. Following the completion of the sale, the chief financial officer now owns 107,788 shares in the company, valued at $18,768,046.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Apple news, COO Jeffrey E. Williams sold 59,162 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $172.22, for a total value of $10,188,879.64. Following the completion of the transaction, the chief operating officer now owns 489,944 shares in the company, valued at $84,378,155.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Luca Maestri sold 53,194 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total value of $9,262,139.28. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The disclosure for this sale can be found here. Insiders have sold a total of 192,355 shares of company stock worth $34,771,329 over the last ninety days. 0.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on AAPL shares. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price target on shares of Apple in a research report on Monday. Monness Crespi & Hardt reiterated a “buy” rating and issued a $205.00 target price on shares of Apple in a report on Thursday, June 6th. Barclays restated an “underweight” rating and set a $164.00 price target on shares of Apple in a report on Tuesday, June 11th. Citigroup decreased their price objective on Apple from $220.00 to $210.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Finally, DZ Bank restated a “hold” rating and set a $180.00 target price on shares of Apple in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $215.71.

About Apple

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.