LWM Advisory Services LLC Has $8.10 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

LWM Advisory Services LLC lessened its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,399 shares of the iPhone maker's stock after selling 1,836 shares during the period. Apple makes up about 5.6% of LWM Advisory Services LLC's portfolio, making the stock its 3rd largest holding. LWM Advisory Services LLC's holdings in Apple were worth $8,098,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Apple news, CFO Kevan Parekh sold 4,570 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 4,569 shares of the company's stock, valued at approximately $941,214. The trade was a 50.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 108,136 shares of the firm's 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 owns 3,280,295 shares in the company, valued at $733,637,976.75. This represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 187,021 shares of company stock worth $41,760,140 in the last quarter. Insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AAPL shares. DA Davidson raised their price objective on Apple from $230.00 to $250.00 and gave the company a "buy" rating in a report on Friday. KeyCorp upgraded Apple from an "underweight" rating to a "sector weight" rating in a report on Monday, April 14th. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price objective on shares of Apple in a report on Friday. TD Cowen reduced their target price on shares of Apple from $290.00 to $275.00 and set a "buy" rating on the stock in a report on Friday. Finally, Evercore ISI upped their price target on shares of Apple from $260.00 to $275.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $235.17.

Apple Stock Down 3.7 %

AAPL traded down $7.97 during midday trading on Friday, hitting $205.35. The company had a trading volume of 100,891,435 shares, compared to its average volume of 56,192,627. The company has a market capitalization of $3.08 trillion, a price-to-earnings ratio of 32.60, a PEG ratio of 2.44 and a beta of 1.26. The stock's 50 day moving average price is $212.15 and its 200 day moving average price is $228.58. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.03. Apple had a return on equity of 160.83% and a net margin of 24.30%. The business had revenue of $95.36 billion for the quarter, compared to analyst estimates of $94.04 billion. During the same quarter in the prior year, the company earned $1.53 earnings per share. The company's quarterly revenue was up 5.1% on a year-over-year basis. On average, research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple declared that its board has authorized a stock repurchase program on Thursday, May 1st that permits the company to buyback $100.00 billion in outstanding shares. This buyback authorization permits the iPhone maker to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 12th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, May 12th. This is an increase from Apple's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 0.51%. Apple's payout ratio is presently 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.