CV Advisors LLC Has $21.18 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

CV Advisors LLC raised its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 57.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,570 shares of the iPhone maker's stock after buying an additional 30,993 shares during the period. Apple comprises approximately 7.2% of CV Advisors LLC's investment portfolio, making the stock its 2nd biggest holding. CV Advisors LLC's holdings in Apple were worth $21,178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atlanta Consulting Group Advisors LLC increased its stake in shares of Apple by 4.0% during the third quarter. Atlanta Consulting Group Advisors LLC now owns 20,320 shares of the iPhone maker's stock worth $4,735,000 after purchasing an additional 776 shares during the period. Tower Bridge Advisors boosted its holdings in shares of Apple by 0.6% in the 3rd quarter. Tower Bridge Advisors now owns 237,376 shares of the iPhone maker's stock valued at $55,309,000 after purchasing an additional 1,308 shares in the last quarter. Concord Asset Management LLC VA boosted its holdings in shares of Apple by 10.1% during the 3rd quarter. Concord Asset Management LLC VA now owns 66,396 shares of the iPhone maker's stock valued at $15,470,000 after acquiring an additional 6,071 shares in the last quarter. RiverPark Advisors LLC boosted its holdings in shares of Apple by 8.1% during the 3rd quarter. RiverPark Advisors LLC now owns 31,685 shares of the iPhone maker's stock valued at $7,383,000 after acquiring an additional 2,368 shares in the last quarter. Finally, Cardano Risk Management B.V. raised its position in Apple by 2.9% during the 3rd quarter. Cardano Risk Management B.V. now owns 3,723,104 shares of the iPhone maker's stock worth $876,483,000 after purchasing an additional 103,856 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In other news, CFO Kevan Parekh sold 4,570 shares of Apple stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 4,569 shares in the company, valued at approximately $941,214. This trade represents a 50.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 108,136 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the transaction, the chief executive officer now owns 3,280,295 shares of the company's stock, valued at approximately $733,637,976.75. The trade was a 3.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 191,507 shares of company stock valued at $42,694,080. 0.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Tigress Financial lifted their price objective on Apple from $295.00 to $300.00 and gave the stock a "strong-buy" rating in a research report on Thursday, April 3rd. Jefferies Financial Group reissued an "underperform" rating and issued a $170.62 price objective (up from $167.88) on shares of Apple in a research report on Friday, May 2nd. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Apple in a research report on Wednesday, May 21st. Evercore ISI boosted their target price on Apple from $260.00 to $275.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Finally, TD Cowen decreased their target price on Apple from $290.00 to $275.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. 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 company's stock. Based on data from MarketBeat, Apple has an average rating of "Moderate Buy" and a consensus price target of $235.80.

Apple Price Performance

NASDAQ AAPL traded down $0.47 during trading hours on Thursday, reaching $199.95. 51,367,725 shares of the stock traded hands, compared to its average volume of 56,221,859. The stock has a 50 day simple moving average of $203.59 and a two-hundred day simple moving average of $225.20. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The company has a market cap of $2.99 trillion, a price-to-earnings ratio of 31.74, a price-to-earnings-growth 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 (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.03. The firm had revenue of $95.36 billion for the quarter, compared to analysts' expectations of $94.04 billion. Apple had a return on equity of 160.83% and a net margin of 24.30%. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $1.53 earnings per share. On average, analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple declared that its Board of Directors has authorized a share repurchase program on Thursday, May 1st that permits the company to repurchase $100.00 billion in shares. This repurchase authorization permits the iPhone maker to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership 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 dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.52%. This is a boost from Apple's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, May 12th. Apple's payout ratio is presently 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.