Oliver Luxxe Assets LLC Has $1.87 Million Stake in Apple Inc. (NASDAQ:AAPL)

Oliver Luxxe Assets LLC decreased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,465 shares of the iPhone maker’s stock after selling 67 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Apple were worth $1,869,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AAPL. Bull Oak Capital LLC increased its holdings in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. Hershey Financial Advisers LLC acquired a new stake in Apple in the 2nd quarter valued at about $42,000. SPX Gestao de Recursos Ltda bought a new stake in shares of Apple during the 3rd quarter worth about $71,000. Christopher J. Hasenberg Inc grew its stake in shares of Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after acquiring an additional 144 shares in the last quarter. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple during the 3rd quarter worth $77,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insiders Place Their Bets

In related news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.06% of the company’s stock.

Apple Trading Up 1.3 %

Shares of NASDAQ:AAPL opened at $244.60 on Tuesday. The company has a market capitalization of $3.67 trillion, a PE ratio of 38.83, a PEG ratio of 2.32 and a beta of 1.20. The business has a 50 day moving average of $240.70 and a two-hundred day moving average of $231.75. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is 15.87%.

Wall Street Analyst Weigh In

AAPL has been the subject of several recent research reports. UBS Group reaffirmed a “neutral” rating and issued a $236.00 price objective on shares of Apple in a research note on Monday, December 2nd. Argus upgraded shares of Apple to a “strong-buy” rating in a research note on Friday, January 31st. KeyCorp reiterated an “underweight” rating and set a $200.00 price objective on shares of Apple in a research note on Friday, January 31st. Monness Crespi & Hardt boosted their price objective on Apple to $245.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, Barclays boosted their target price on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus price target of $242.52.

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.