30,722 Shares in Apple Inc. (NASDAQ:AAPL) Acquired by Greykasell Wealth Strategies Inc.

Greykasell Wealth Strategies Inc. bought a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 30,722 shares of the iPhone maker's stock, valued at approximately $7,693,000. Apple accounts for about 4.3% of Greykasell Wealth Strategies Inc.'s investment portfolio, making the stock its 2nd largest position.

Other large investors have also added to or reduced their stakes in the company. Drystone LLC purchased a new position in shares of Apple during the 4th quarter valued at $25,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Apple during the 3rd quarter valued at $71,000. Pillar Financial Advisors LLC purchased a new position in shares of Apple during the 4th quarter valued at $82,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of Apple during the 3rd quarter valued at $77,000. Finally, Compass Planning Associates Inc purchased a new position in shares of Apple during the 4th quarter valued at $96,000. Institutional investors own 67.73% of the company's stock.

Insider Buying and Selling

In other news, SVP Katherine L. Adams sold 38,822 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the transaction, the senior vice president now 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 document filed with the SEC, which is accessible through this hyperlink. Also, insider Chris Kondo sold 4,486 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $208.19, for a total transaction of $933,940.34. Following the transaction, the insider now directly owns 15,533 shares in the company, valued at $3,233,815.27. The trade was a 22.41% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 191,507 shares of company stock valued at $42,694,080. Company insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. The Goldman Sachs Group reissued a "buy" rating on shares of Apple in a research note on Wednesday, May 21st. Maxim Group increased their price objective on Apple to $215.00 and gave the stock a "hold" rating in a research note on Friday, February 21st. Needham & Company LLC restated a "buy" rating and set a $225.00 target price on shares of Apple in a report on Friday, May 2nd. Morgan Stanley reiterated an "overweight" rating on shares of Apple in a report on Monday, May 12th. Finally, Rosenblatt Securities downgraded Apple from a "buy" rating to a "neutral" rating and set a $217.00 target price on the stock. in a research report on Friday, May 2nd. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Apple has an average rating of "Moderate Buy" and an average price target of $235.80.

Apple Trading Up 2.5%

AAPL traded up $4.87 during trading on Tuesday, hitting $200.14. The company's stock had a trading volume of 31,401,414 shares, compared to its average volume of 56,160,519. The stock has a market cap of $2.99 trillion, a PE ratio of 31.76, a PEG ratio of 2.44 and a beta of 1.27. 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 firm's 50 day moving average price is $204.64 and its 200-day moving average price is $225.71. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results 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. Apple had a net margin of 24.30% and a return on equity of 160.83%. The firm had revenue of $95.36 billion during the quarter, compared to analysts' expectations of $94.04 billion. During the same period in the prior year, the company earned $1.53 EPS. The firm's revenue was up 5.1% on a year-over-year basis. On average, analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

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

Apple Increases Dividend

The firm 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 represents a $1.04 dividend on an annualized basis and a yield of 0.52%. This is a boost from Apple's previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 12th. Apple's dividend payout ratio is 16.20%.

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.