Apple Inc. (NASDAQ:AAPL) is Lineweaver Wealth Advisors LLC's 4th Largest Position

Lineweaver Wealth Advisors LLC grew its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 91,780 shares of the iPhone maker's stock after acquiring an additional 1,694 shares during the period. Apple comprises 4.2% of Lineweaver Wealth Advisors LLC's investment portfolio, making the stock its 4th biggest holding. Lineweaver Wealth Advisors LLC's holdings in Apple were worth $22,990,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Drystone LLC purchased a new stake in Apple during the 4th quarter worth approximately $25,000. Life Planning Partners Inc acquired a new position in shares of Apple in the fourth quarter worth $47,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of Apple during the third quarter worth $71,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple in the third quarter valued at $77,000. Finally, Compass Planning Associates Inc purchased a new position in Apple in the fourth quarter valued at $96,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In other news, CFO Kevan Parekh sold 4,570 shares of Apple stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total transaction of $941,420.00. Following the completion of the transaction, the chief financial officer now owns 4,569 shares of the company's stock, valued at $941,214. The trade was a 50.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 108,136 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the sale, the chief executive officer now owns 3,280,295 shares in the company, valued at $733,637,976.75. This represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 187,021 shares of company stock valued at $41,760,140. Corporate insiders own 0.06% of the company's stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $198.92 on Wednesday. The stock has a market capitalization of $2.99 trillion, a price-to-earnings ratio of 31.57, a PEG ratio of 2.44 and a beta of 1.27. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The company has a 50-day simple moving average of $210.55 and a 200-day simple moving average of $228.13. 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 issued its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, topping the consensus estimate of $1.62 by $0.03. The company had revenue of $95.36 billion for the quarter, compared to analyst estimates of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 160.83%. The business's revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.53 EPS. On average, analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple declared that its Board of Directors has initiated a stock buyback program on Thursday, May 1st that authorizes the company to buyback $100.00 billion in shares. This buyback authorization authorizes the iPhone maker to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 12th will be given a dividend of $0.26 per share. This is a positive change from Apple's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 0.52%. The ex-dividend date is Monday, May 12th. Apple's dividend payout ratio is presently 16.20%.

Analysts Set New Price Targets

A number of research firms have issued reports on AAPL. Morgan Stanley increased their price target on Apple from $220.00 to $235.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Wedbush cut shares of Apple from an "outperform" rating to a "neutral" rating in a report on Friday. Rosenblatt Securities cut shares of Apple from a "buy" rating to a "neutral" rating and set a $217.00 price target for the company. in a report on Friday, May 2nd. Monness Crespi & Hardt reduced their price objective on shares of Apple from $260.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Scotiabank downgraded shares of Apple to a "market perform" rating in a research note on Friday. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $235.80.

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.

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