Blake Schutter Theil Wealth Advisors LLC Sells 11,641 Shares of Apple Inc. (NASDAQ:AAPL)

Blake Schutter Theil Wealth Advisors LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 47.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,911 shares of the iPhone maker's stock after selling 11,641 shares during the quarter. Apple comprises approximately 3.4% of Blake Schutter Theil Wealth Advisors LLC's portfolio, making the stock its 4th biggest position. Blake Schutter Theil Wealth Advisors LLC's holdings in Apple were worth $3,233,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Amara Financial LLC. purchased a new stake in shares of Apple during the 3rd quarter worth $288,000. Simmons Bank lifted its stake in shares of Apple by 1.6% in the third quarter. Simmons Bank now owns 132,641 shares of the iPhone maker's stock valued at $30,905,000 after purchasing an additional 2,086 shares during the period. Safe Harbor Fiduciary LLC acquired a new stake in shares of Apple in the third quarter valued at about $4,972,000. SYM FINANCIAL Corp lifted its stake in shares of Apple by 6.3% in the third quarter. SYM FINANCIAL Corp now owns 28,626 shares of the iPhone maker's stock valued at $6,670,000 after purchasing an additional 1,695 shares during the period. Finally, Cardano Risk Management B.V. increased its holdings in Apple by 2.9% in the third quarter. Cardano Risk Management B.V. now owns 3,723,104 shares of the iPhone maker's stock valued at $876,483,000 after buying an additional 103,856 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Rosenblatt Securities cut shares of Apple from a "buy" rating to a "neutral" rating and set a $217.00 target price for the company. in a report on Friday, May 2nd. Raymond James decreased their target price on Apple from $250.00 to $230.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Bank of America decreased their target price on Apple from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Jefferies Financial Group reaffirmed an "underperform" rating and set a $170.62 price target (up previously from $167.88) on shares of Apple in a research note on Friday, May 2nd. Finally, KeyCorp raised Apple from an "underweight" rating to a "sector weight" rating in a research note on Monday, April 14th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Apple presently has an average rating of "Moderate Buy" and an average price target of $235.80.

Insider Activity

In related news, COO Jeffrey E. Williams sold 35,493 shares of Apple stock in a transaction 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 in the company, valued at approximately $87,377,116.59. This trade represents a 8.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris Kondo sold 4,486 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was 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 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. Insiders sold 191,507 shares of company stock valued at $42,694,080 in the last ninety days. Company insiders own 0.06% of the company's stock.

Apple Stock Down 2.3%

Shares of NASDAQ:AAPL opened at $202.09 on Thursday. The stock's 50-day moving average price is $205.64 and its two-hundred day moving average price is $226.26. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $260.10. The firm has a market cap of $3.02 trillion, a price-to-earnings ratio of 32.08, a PEG ratio of 2.44 and a beta of 1.27.

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, topping the consensus estimate of $1.62 by $0.03. Apple had a net margin of 24.30% and a return on equity of 160.83%. The business had revenue of $95.36 billion for the quarter, compared to analyst estimates of $94.04 billion. During the same period in the prior year, the firm posted $1.53 EPS. The company's revenue was up 5.1% on a year-over-year basis. On average, research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were given a dividend of $0.26 per share. This is a positive change 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 0.51%. Apple's dividend payout ratio is 16.20%.

Apple announced that its board has initiated a share 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 buy up to 3.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Apple Company 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.