Wealthcare Capital Management LLC Has $3.03 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Wealthcare Capital Management LLC raised its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 16.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,645 shares of the iPhone maker's stock after acquiring an additional 1,960 shares during the period. Apple makes up 0.3% of Wealthcare Capital Management LLC's portfolio, making the stock its 19th biggest holding. Wealthcare Capital Management LLC's holdings in Apple were worth $3,031,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AAPL. Drystone LLC bought a new stake in shares of Apple in the fourth quarter valued at about $25,000. Life Planning Partners Inc bought a new stake in shares of Apple in the fourth quarter valued at about $47,000. Conquis Financial LLC bought a new position in Apple during the fourth quarter worth about $63,000. LSV Asset Management bought a new position in Apple during the fourth quarter worth about $65,000. Finally, Pillar Financial Advisors LLC bought a new position in Apple during the fourth quarter worth about $82,000. 67.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Kevan Parekh sold 4,570 shares of the stock in a transaction on Wednesday, April 23rd. The shares were 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 directly owned 4,569 shares in the company, valued at $941,214. This represents a 50.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Chris Kondo sold 4,486 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $208.19, for a total transaction of $933,940.34. Following the sale, the insider owned 15,533 shares of the company's stock, valued at approximately $3,233,815.27. This trade represents a 22.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company's stock.

Apple Price Performance

NASDAQ:AAPL traded down $1.25 on Friday, hitting $211.16. The company had a trading volume of 39,713,698 shares, compared to its average volume of 53,392,240. The stock has a market capitalization of $3.15 trillion, a price-to-earnings ratio of 32.89, a PEG ratio of 2.36 and a beta of 1.20. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. The firm has a 50 day moving average of $203.27 and a two-hundred day moving average of $217.73. 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, beating the consensus estimate of $1.62 by $0.03. The firm had revenue of $95.36 billion during the quarter, compared to analysts' expectations of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 167.24%. The company's revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.53 EPS. On average, research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

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

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.49%. This is an increase from Apple's previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 12th. Apple's dividend payout ratio is presently 16.20%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Morgan Stanley restated an "overweight" rating on shares of Apple in a research note on Friday, June 13th. KeyCorp raised shares of Apple from an "underweight" rating to a "sector weight" rating in a report on Monday, April 14th. UBS Group set a $210.00 price objective on shares of Apple and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Evercore ISI raised their price objective on shares of Apple to $250.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Finally, Scotiabank lowered shares of Apple to a "market perform" rating in a report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $235.27.

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.