89,641 Shares in Apple Inc. (NASDAQ:AAPL) Purchased by Intellus Advisors LLC

Intellus Advisors LLC bought a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 89,641 shares of the iPhone maker's stock, valued at approximately $22,448,000. Apple comprises 3.9% of Intellus Advisors LLC's portfolio, making the stock its 8th largest position.

A number of other hedge funds have also recently made changes to their positions in the company. Drystone LLC acquired a new position in shares of Apple in the fourth quarter worth approximately $25,000. SPX Gestao de Recursos Ltda acquired a new position in Apple in the third quarter valued at approximately $71,000. Pillar Financial Advisors LLC acquired a new position in Apple in the fourth quarter valued at approximately $82,000. Teachers Insurance & Annuity Association of America acquired a new position in Apple in the third quarter valued at approximately $77,000. Finally, Compass Planning Associates Inc acquired a new position in Apple in the fourth quarter valued at approximately $96,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Apple news, CEO Timothy D. Cook sold 108,136 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total value of $24,184,616.40. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Katherine L. Adams sold 38,822 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total value of $8,683,316.74. Following the completion of the transaction, the senior vice president now directly owns 179,158 shares in the company, valued at approximately $40,072,269.86. This represents a 17.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 191,507 shares of company stock valued at $42,694,080. Insiders own 0.06% of the company's stock.

Apple Stock Up 0.4%

Apple stock traded up $0.85 during trading on Monday, hitting $201.70. 35,293,010 shares of the company were exchanged, compared to its average volume of 56,144,940. The business's 50 day moving average is $203.10 and its 200 day moving average is $225.00. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10. The company has a market capitalization of $3.01 trillion, a P/E ratio of 32.02, a PEG ratio of 2.44 and a beta of 1.27. 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 (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.03. Apple had a return on equity of 160.83% and a net margin of 24.30%. The business had revenue of $95.36 billion during the quarter, compared to the consensus estimate of $94.04 billion. During the same quarter in the prior year, the company posted $1.53 earnings per share. Apple's revenue was up 5.1% compared to the same quarter last year. Analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple declared that its Board of Directors has approved a share repurchase plan on Thursday, May 1st that permits the company to buyback $100.00 billion in outstanding shares. This buyback authorization permits the iPhone maker to reacquire up to 3.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its shares are undervalued.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 12th were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, May 12th. 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. Apple's payout ratio is currently 16.20%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AAPL shares. Monness Crespi & Hardt dropped their price target on Apple from $260.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Rosenblatt Securities lowered Apple from a "buy" rating to a "neutral" rating and set a $217.00 price target on the stock. in a research note on Friday, May 2nd. Bank of America dropped their price target on Apple from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. UBS Group reissued a "buy" rating on shares of Apple in a research note on Sunday. Finally, KeyCorp raised Apple from an "underweight" rating to a "sector weight" rating in a research note on Monday, April 14th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $235.80.

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.