Avior Wealth Management LLC Purchases 26,761 Shares of Apple Inc. (NASDAQ:AAPL)

Avior Wealth Management LLC raised its holdings in Apple Inc. (NASDAQ:AAPL) by 15.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 196,440 shares of the iPhone maker’s stock after acquiring an additional 26,761 shares during the quarter. Apple accounts for about 1.8% of Avior Wealth Management LLC’s portfolio, making the stock its 9th biggest holding. Avior Wealth Management LLC’s holdings in Apple were worth $49,168,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. High Net Worth Advisory Group LLC raised its position in shares of Apple by 1.7% during the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after purchasing an additional 1,066 shares during the period. Amara Financial LLC. acquired a new stake in Apple during the 3rd quarter worth about $288,000. Truist Financial Corp raised its holdings in Apple by 1.8% during the 2nd quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock worth $1,473,224,000 after buying an additional 126,210 shares during the period. Sterling Investment Counsel LLC lifted its stake in Apple by 3.8% during the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after buying an additional 2,565 shares in the last quarter. Finally, Silicon Valley Capital Partners boosted its holdings in shares of Apple by 12.8% in the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock worth $59,122,000 after buying an additional 28,799 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of the business’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 transaction of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.06% of the company’s stock.

Apple Trading Down 3.4 %

Shares of Apple stock opened at $209.68 on Friday. The company has a market cap of $3.15 trillion, a price-to-earnings ratio of 33.28, a PEG ratio of 2.44 and a beta of 1.18. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The company’s fifty day simple moving average is $235.12 and its 200-day simple moving average is $233.83. 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 (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) 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%. As a group, sell-side analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently declared 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. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.48%. Apple’s dividend payout ratio is 15.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Evercore ISI upped their price target on shares of Apple to $260.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. DA Davidson set a $290.00 target price on Apple in a report on Friday, January 31st. Maxim Group lifted their price target on Apple to $215.00 and gave the company a “hold” rating in a report on Friday, February 21st. Wells Fargo & Company upped their price target on Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Rosenblatt Securities restated a “buy” rating and set a $262.00 price objective on shares of Apple in a research report on Monday, January 27th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $243.22.

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.