31,603 Shares in Apple Inc. (NASDAQ:AAPL) Acquired by Cvfg LLC

Cvfg LLC bought a new position in shares of Apple Inc. (NASDAQ:AAPL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 31,603 shares of the iPhone maker’s stock, valued at approximately $7,914,000. Apple accounts for approximately 7.2% of Cvfg LLC’s holdings, making the stock its biggest position.

Several other hedge funds and other institutional investors have also modified their holdings of AAPL. Central Valley Advisors LLC increased its stake in shares of Apple by 1.5% in the 4th quarter. Central Valley Advisors LLC now owns 60,691 shares of the iPhone maker’s stock valued at $15,198,000 after buying an additional 884 shares during the period. Bennett Associates Wealth Management acquired a new stake in shares of Apple in the 4th quarter valued at $384,000. Seaside Wealth Management Inc. increased its stake in shares of Apple by 2.1% in the 4th quarter. Seaside Wealth Management Inc. now owns 5,442 shares of the iPhone maker’s stock valued at $1,363,000 after buying an additional 111 shares during the period. Ullmann Wealth Partners Group LLC increased its stake in shares of Apple by 2.8% in the 4th quarter. Ullmann Wealth Partners Group LLC now owns 27,986 shares of the iPhone maker’s stock valued at $7,008,000 after buying an additional 769 shares during the period. Finally, Cypress Wealth Services LLC increased its stake in shares of Apple by 0.3% in the 4th quarter. Cypress Wealth Services LLC now owns 133,980 shares of the iPhone maker’s stock valued at $33,551,000 after buying an additional 462 shares during the period. Institutional investors 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 stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

AAPL has been the subject of several research reports. Wedbush reissued an “outperform” rating and issued a $325.00 target price on shares of Apple in a research note on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on Apple to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Rosenblatt Securities reaffirmed a “buy” rating and set a $262.00 price objective on shares of Apple in a research note on Monday, January 27th. Morgan Stanley set a $275.00 price objective on Apple in a research note on Tuesday, February 11th. Finally, Redburn Partners set a $230.00 price objective on Apple in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $243.88.

Apple Trading Up 1.9 %

NASDAQ AAPL opened at $241.76 on Friday. The firm has a 50 day simple moving average of $239.60 and a 200-day simple moving average of $233.67. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The firm has a market cap of $3.63 trillion, a price-to-earnings ratio of 38.37, a PEG ratio of 2.44 and a beta of 1.20.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Equities research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

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

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.