Apple Inc. (NASDAQ:AAPL) Shares Sold by LexAurum Advisors LLC

LexAurum Advisors LLC decreased its stake in Apple Inc. (NASDAQ:AAPL) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,467 shares of the iPhone maker’s stock after selling 710 shares during the period. Apple accounts for about 4.2% of LexAurum Advisors LLC’s holdings, making the stock its 2nd biggest holding. LexAurum Advisors LLC’s holdings in Apple were worth $15,877,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Stewardship Advisors LLC boosted its position in shares of Apple by 4.1% during the 4th quarter. Stewardship Advisors LLC now owns 6,830 shares of the iPhone maker’s stock valued at $1,315,000 after purchasing an additional 272 shares in the last quarter. Kesler Norman & Wride LLC boosted its position in shares of Apple by 1.5% during the 4th quarter. Kesler Norman & Wride LLC now owns 69,603 shares of the iPhone maker’s stock valued at $13,401,000 after purchasing an additional 1,013 shares in the last quarter. Bond & Devick Financial Network Inc. boosted its position in shares of Apple by 16.1% during the 4th quarter. Bond & Devick Financial Network Inc. now owns 17,366 shares of the iPhone maker’s stock valued at $3,343,000 after purchasing an additional 2,410 shares in the last quarter. Diligent Investors LLC boosted its position in shares of Apple by 3.6% during the 4th quarter. Diligent Investors LLC now owns 83,084 shares of the iPhone maker’s stock valued at $15,996,000 after purchasing an additional 2,874 shares in the last quarter. Finally, JGP Wealth Management LLC boosted its position in shares of Apple by 0.5% during the 4th quarter. JGP Wealth Management LLC now owns 212,154 shares of the iPhone maker’s stock valued at $40,846,000 after purchasing an additional 1,141 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insiders Place Their Bets

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is currently owned by company insiders.

Apple Trading Up 2.1 %

NASDAQ:AAPL opened at $173.31 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The firm has a market capitalization of $2.68 trillion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 2.06 and a beta of 1.29. Apple Inc. has a one year low of $155.98 and a one year high of $199.62. The business has a fifty day moving average price of $181.68 and a 200-day moving average price of $182.73.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping the consensus estimate of $2.09 by $0.09. The firm had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. Apple’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.88 EPS. Sell-side analysts forecast that Apple Inc. will post 6.55 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a $0.24 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.55%. Apple’s payout ratio is presently 14.95%.

Analysts Set New Price Targets

Several brokerages have issued reports on AAPL. Piper Sandler cut their price target on Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Wedbush reiterated an “outperform” rating and issued a $250.00 price target on shares of Apple in a report on Thursday, March 21st. Redburn Atlantic lowered Apple from a “buy” rating to a “neutral” rating and set a $200.00 price target on the stock. in a report on Wednesday, January 10th. DA Davidson began coverage on Apple in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price target on the stock. Finally, UBS Group reiterated a “hold” rating and issued a $190.00 price target on shares of Apple in a report on Monday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $205.27.

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.