Atria Investments Inc Has $118.30 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Atria Investments Inc lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 472,388 shares of the iPhone maker's stock after purchasing an additional 11,151 shares during the quarter. Apple comprises about 1.5% of Atria Investments Inc's investment portfolio, making the stock its 6th biggest position. Atria Investments Inc's holdings in Apple were worth $118,295,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AAPL. Drystone LLC acquired a new stake in shares of Apple during the fourth quarter worth $25,000. Life Planning Partners Inc acquired a new stake in shares of Apple during the fourth quarter worth $47,000. SPX Gestao de Recursos Ltda acquired 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 during the third quarter worth $77,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Apple during the fourth quarter worth $96,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Stock Down 0.4%

Apple stock traded down $0.88 during midday trading on Thursday, hitting $211.45. The stock had a trading volume of 43,910,127 shares, compared to its average volume of 55,930,688. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock has a market cap of $3.16 trillion, a P/E ratio of 33.56, a P/E/G ratio of 2.44 and a beta of 1.27. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $260.10. The business has a fifty day moving average price of $206.60 and a 200 day moving average price of $226.99.

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

Apple Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, May 12th. This is a positive change from Apple's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 0.49%. Apple's dividend payout ratio is 16.20%.

Apple declared that its Board of Directors has initiated a stock buyback program on Thursday, May 1st that allows the company to buyback $100.00 billion in shares. This buyback authorization allows the iPhone maker to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of research analyst reports. Rosenblatt Securities cut Apple from a "buy" rating to a "neutral" rating and set a $217.00 target price on the stock. in a report on Friday, May 2nd. Loop Capital reduced their target price on Apple from $230.00 to $215.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Monness Crespi & Hardt reduced their target price on Apple from $260.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. UBS Group reduced their target price on Apple from $236.00 to $210.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Finally, Barclays reduced their target price on Apple from $197.00 to $173.00 and set an "underweight" rating on the stock in a report on Wednesday, April 30th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Apple currently has a consensus rating of "Hold" and a consensus price target of $235.80.

Insider Activity

In other news, CEO Timothy D. Cook sold 108,136 shares of the business's stock in a transaction that occurred on 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 35,493 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total value of $7,950,786.93. Following the transaction, the chief operating officer now owns 390,059 shares of the company's stock, valued at approximately $87,377,116.59. This represents a 8.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 191,507 shares of company stock valued at $42,694,080. 0.06% of the stock is currently owned by insiders.

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.