Apple Inc. (NASDAQ:AAPL) Position Raised by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,300 shares of the iPhone maker's stock after buying an additional 1,437 shares during the period. Apple accounts for approximately 3.8% of Blue Zone Wealth Advisors LLC's investment portfolio, making the stock its 2nd biggest position. Blue Zone Wealth Advisors LLC's holdings in Apple were worth $13,347,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AAPL. Drystone LLC acquired a new stake in shares of Apple during the 4th quarter worth about $25,000. Bull Oak Capital LLC lifted its holdings in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after purchasing an additional 111 shares during the last quarter. Life Planning Partners Inc bought a new stake in Apple in the 4th quarter valued at $47,000. SPX Gestao de Recursos Ltda acquired a new position in Apple in the 3rd quarter valued at $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new position in Apple during the 3rd quarter worth $77,000. 67.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total value of $24,184,616.40. Following the completion of the transaction, the chief executive officer now directly owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. The trade was a 3.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 38,822 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total value of $8,683,316.74. Following the sale, the senior vice president now owns 179,158 shares in the company, valued at approximately $40,072,269.86. This represents a 17.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 182,451 shares of company stock valued at $40,818,720 over the last ninety days. 0.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AAPL has been the topic of several research reports. China Renaissance assumed coverage on shares of Apple in a research note on Tuesday. They issued a "buy" rating and a $241.00 price target on the stock. Loop Capital lowered shares of Apple from a "buy" rating to a "hold" rating and set a $230.00 target price on the stock. in a research report on Tuesday, January 21st. Jefferies Financial Group raised shares of Apple from an "underperform" rating to a "hold" rating and lowered their target price for the stock from $202.33 to $167.88 in a report on Wednesday, April 9th. Moffett Nathanson reiterated a "sell" rating and issued a $188.00 price target (down from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Finally, Redburn Partners set a $230.00 price objective on Apple in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Apple has a consensus rating of "Moderate Buy" and an average price target of $233.88.

Apple Stock Down 0.6 %

NASDAQ:AAPL traded down $1.17 on Friday, hitting $207.20. The stock had a trading volume of 12,567,004 shares, compared to its average volume of 56,642,469. The firm's fifty day simple moving average is $216.41 and its two-hundred day simple moving average is $229.42. The stock has a market cap of $3.11 trillion, a P/E ratio of 32.86, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. Apple Inc. has a 1 year low of $168.15 and a 1 year high of $260.10. 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 (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Analysts predict that Apple Inc. will post 7.28 earnings per share for the current 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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Monday, February 10th. Apple's dividend payout ratio (DPR) is 15.87%.

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.