Apple Inc. (NASDAQ:AAPL) is Copperwynd Financial LLC's 7th Largest Position

Copperwynd Financial LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,028 shares of the iPhone maker's stock after acquiring an additional 5,723 shares during the quarter. Apple accounts for 3.5% of Copperwynd Financial LLC's portfolio, making the stock its 7th biggest holding. Copperwynd Financial LLC's holdings in Apple were worth $12,528,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. O Connor Financial Group LLC grew its position in Apple by 1.2% in the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker's stock worth $896,000 after acquiring an additional 41 shares during the period. Menard Financial Group LLC grew its position in Apple by 0.4% in the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker's stock worth $2,848,000 after acquiring an additional 48 shares during the period. Hanseatic Management Services Inc. boosted its position in shares of Apple by 1.3% during the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker's stock worth $945,000 after buying an additional 48 shares during the period. Family Capital Management Inc. boosted its position in shares of Apple by 0.3% during the fourth quarter. Family Capital Management Inc. now owns 16,910 shares of the iPhone maker's stock worth $4,235,000 after buying an additional 48 shares during the period. Finally, Farmers & Merchants Trust Co of Chambersburg PA boosted its position in shares of Apple by 0.3% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 16,682 shares of the iPhone maker's stock worth $4,178,000 after buying an additional 48 shares during the period. 67.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AAPL has been the subject of several research analyst reports. Oppenheimer lowered Apple from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th. Argus upgraded Apple to a "strong-buy" rating in a research report on Friday, January 31st. Citigroup restated a "cautious" rating on shares of Apple in a research report on Monday, May 5th. Wedbush restated an "outperform" rating and set a $270.00 price target on shares of Apple in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. lowered their price target on Apple from $270.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $235.80.

Insider Transactions at Apple

In related news, CFO Kevan Parekh sold 4,570 shares of the business's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total value of $941,420.00. Following the transaction, the chief financial officer now owns 4,569 shares in the company, valued at $941,214. The trade was a 50.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Chris Kondo sold 4,486 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $208.19, for a total value of $933,940.34. Following the completion of the transaction, the insider now owns 15,533 shares in the company, valued at $3,233,815.27. This trade represents a 22.41% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 191,507 shares of company stock worth $42,694,080. Corporate insiders own 0.06% of the company's stock.

Apple Stock Down 3.0%

AAPL opened at $195.27 on Friday. The business's 50-day simple moving average is $205.04 and its 200-day simple moving average is $225.95. 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 Inc. has a one year low of $169.21 and a one year high of $260.10. The stock has a market capitalization of $2.92 trillion, a P/E ratio of 31.00, a price-to-earnings-growth ratio of 2.44 and a beta of 1.27.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $94.04 billion. During the same quarter in the previous year, the firm earned $1.53 earnings per share. The business's revenue was up 5.1% compared to the same quarter last year. Analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 12th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.53%. This is a boost from Apple's previous quarterly dividend of $0.25. Apple's payout ratio is 16.20%.

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

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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