Apple Inc. (NASDAQ:AAPL) is CV Advisors LLC's 2nd Largest Position

CV Advisors LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 57.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,570 shares of the iPhone maker's stock after purchasing an additional 30,993 shares during the period. Apple accounts for 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 reporting period.

A number of other large investors also recently made changes to their positions in the company. Amara Financial LLC. bought a new position in Apple during the 3rd quarter worth $288,000. Safe Harbor Fiduciary LLC bought a new position in shares of Apple in the 3rd quarter valued at $4,972,000. SYM FINANCIAL Corp increased its stake in shares of Apple by 6.3% in the 3rd 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 last quarter. Cardano Risk Management B.V. increased its stake in shares of Apple by 2.9% in the 3rd quarter. Cardano Risk Management B.V. now owns 3,723,104 shares of the iPhone maker's stock valued at $876,483,000 after purchasing an additional 103,856 shares during the last quarter. Finally, Tradewinds Capital Management LLC increased its stake in shares of Apple by 9.2% in the 4th quarter. Tradewinds Capital Management LLC now owns 21,198 shares of the iPhone maker's stock valued at $5,308,000 after purchasing an additional 1,779 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Apple Trading Up 0.3%

Shares of NASDAQ:AAPL traded up $0.66 during midday trading on Wednesday, reaching $200.87. The company's stock had a trading volume of 23,468,951 shares, compared to its average volume of 56,129,072. The firm has a market capitalization of $3.00 trillion, a price-to-earnings ratio of 31.91, a PEG ratio of 2.44 and a beta of 1.27. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm has a 50 day moving average price of $204.36 and a two-hundred day moving average price of $225.54. 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 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 company had revenue of $95.36 billion for the quarter, compared to the consensus estimate of $94.04 billion. Apple had a return on equity of 160.83% and a net margin of 24.30%. The firm's revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.53 EPS. As a group, analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.52%. This is a positive change from Apple's previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 12th. Apple's payout ratio is presently 16.20%.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Morgan Stanley reiterated an "overweight" rating on shares of Apple in a research note on Monday, May 12th. Citigroup reiterated a "cautious" rating on shares of Apple in a research note on Monday, May 5th. 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 note on Thursday, April 3rd. Redburn Partners set a $230.00 price target on Apple in a research note on Friday, January 31st. Finally, Scotiabank lowered Apple to a "market perform" rating in a research note on Friday, May 2nd. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $235.80.

Insider Activity at Apple

In related news, SVP Katherine L. Adams sold 38,822 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the completion of the sale, the senior vice president now directly owns 179,158 shares of the company's stock, valued at approximately $40,072,269.86. This trade represents a 17.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jeffrey E. Williams sold 35,493 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total value of $7,950,786.93. Following the sale, the chief operating officer now directly owns 390,059 shares of the company's stock, valued at $87,377,116.59. The trade was a 8.34% 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 three months. Corporate insiders own 0.06% of the company's stock.

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.