Apple Inc. (NASDAQ:AAPL) Stock Position Raised by International Private Wealth Advisors LLC

International Private Wealth Advisors LLC grew its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 6.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,814 shares of the iPhone maker's stock after acquiring an additional 1,339 shares during the quarter. Apple accounts for approximately 4.4% of International Private Wealth Advisors LLC's holdings, making the stock its 2nd largest holding. International Private Wealth Advisors LLC's holdings in Apple were worth $4,623,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AAPL. Drystone LLC acquired a new stake in shares of Apple during the fourth quarter worth about $25,000. Life Planning Partners Inc purchased a new position in Apple during the fourth quarter valued at approximately $47,000. Conquis Financial LLC purchased a new position in Apple during the fourth quarter valued at approximately $63,000. LSV Asset Management purchased a new position in Apple during the fourth quarter valued at approximately $65,000. Finally, Pillar Financial Advisors LLC purchased a new position in Apple during the fourth quarter valued at approximately $82,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In other news, insider Chris Kondo sold 4,486 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $208.19, for a total value of $933,940.34. Following the transaction, the insider owned 15,533 shares of the company's stock, valued at $3,233,815.27. This represents a 22.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kevan Parekh sold 4,570 shares of the company's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total value of $941,420.00. Following the completion of the transaction, the chief financial officer directly owned 4,569 shares in the company, valued at approximately $941,214. This trade represents a 50.01% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on AAPL shares. Tigress Financial lifted their price target on Apple from $295.00 to $300.00 and gave the company a "strong-buy" rating in a research report on Thursday, April 3rd. Scotiabank cut Apple to a "market perform" rating in a research report on Friday, May 2nd. Wedbush reiterated an "outperform" rating and set a $270.00 price target on shares of Apple in a research report on Wednesday. Morgan Stanley reiterated an "overweight" rating on shares of Apple in a research report on Friday, June 13th. Finally, Bank of America reiterated a "buy" rating and set a $235.00 price target on shares of Apple in a research report on Tuesday, June 10th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $235.27.

Apple Trading Down 0.6%

NASDAQ AAPL traded down $1.25 on Friday, reaching $211.16. 39,713,698 shares of the company were exchanged, compared to its average volume of 53,349,236. The business's fifty day moving average price is $203.39 and its 200 day moving average price is $217.12. The stock has a market capitalization of $3.15 trillion, a P/E ratio of 32.89, a price-to-earnings-growth 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. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.03. The company had revenue of $95.36 billion for the quarter, compared to analyst estimates of $94.04 billion. Apple had a return on equity of 167.24% and a net margin of 24.30%. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.53 earnings per share. Analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

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

Apple Increases Dividend

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

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.