Apple Inc. (NASDAQ:AAPL) Stock Holdings Increased by Warren Street Wealth Advisors LLC

Warren Street Wealth Advisors LLC grew its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 7.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,889 shares of the iPhone maker's stock after buying an additional 1,513 shares during the quarter. Apple comprises 1.8% of Warren Street Wealth Advisors LLC's investment portfolio, making the stock its 13th biggest holding. Warren Street Wealth Advisors LLC's holdings in Apple were worth $4,640,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Drystone LLC purchased a new position in Apple in the 4th quarter valued at approximately $25,000. Conquis Financial LLC acquired a new stake in Apple in the fourth quarter valued at $63,000. LSV Asset Management purchased a new position in shares of Apple in the fourth quarter valued at $65,000. Pillar Financial Advisors LLC purchased a new position in shares of Apple in the fourth quarter valued at $82,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Apple during the 4th quarter worth $96,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Up 0.4%

Apple stock traded up $0.92 during trading on Friday, reaching $213.36. 34,955,836 shares of the company's stock were exchanged, compared to its average volume of 53,618,682. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10. The firm has a market cap of $3.19 trillion, a price-to-earnings ratio of 33.23, a PEG ratio of 2.38 and a beta of 1.20. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.82. The company's 50-day moving average is $203.35 and its two-hundred day moving average is $218.86.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.03. The company had revenue of $95.36 billion during the quarter, compared to the consensus estimate of $94.04 billion. Apple had a return on equity of 167.24% and a net margin of 24.30%. The company's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.53 earnings per share. On average, analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple announced that its Board of Directors has initiated a share buyback program on Thursday, May 1st that allows the company to buyback $100.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

Apple Increases Dividend

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

Insider Buying and Selling

In related news, CFO Kevan Parekh sold 4,570 shares of Apple 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 sale, the chief financial officer owned 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 accessible through the SEC website. Also, insider Chris Kondo sold 4,486 shares of the business's 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 completion of the transaction, the insider owned 15,533 shares in the company, valued at $3,233,815.27. This represents a 22.41% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AAPL shares. China Renaissance initiated coverage on shares of Apple in a report on Tuesday, April 22nd. They issued a "buy" rating and a $241.00 price target on the stock. Raymond James Financial lowered their target price on Apple from $250.00 to $230.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. cut their price target on Apple from $245.00 to $230.00 and set an "overweight" rating for the company in a report on Thursday, June 26th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Apple in a research note on Wednesday, May 21st. Finally, KeyCorp upgraded Apple from an "underweight" rating to a "sector weight" rating in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Apple has an average rating of "Moderate Buy" and a consensus price target of $234.95.

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.