LifeWealth Investments LLC Takes Position in Apple Inc. (NASDAQ:AAPL)

LifeWealth Investments LLC acquired a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 24,627 shares of the iPhone maker's stock, valued at approximately $6,167,000. Apple makes up 4.1% of LifeWealth Investments LLC's investment portfolio, making the stock its 3rd biggest holding.

Several other large investors have also bought and sold shares of AAPL. Capital A Wealth Management LLC bought a new position in Apple during the 4th quarter valued at about $1,062,000. Financial Advisory Corp bought a new position in Apple during the fourth quarter valued at approximately $2,282,000. Discipline Wealth Solutions LLC lifted its position in Apple by 8.5% during the fourth quarter. Discipline Wealth Solutions LLC now owns 9,374 shares of the iPhone maker's stock valued at $2,348,000 after purchasing an additional 733 shares during the period. Lakeshore Capital Group Inc. purchased a new stake in Apple in the fourth quarter worth approximately $2,361,000. Finally, Heck Capital Advisors LLC bought a new stake in Apple in the 4th quarter worth approximately $10,858,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AAPL. KeyCorp upgraded Apple from an "underweight" rating to a "sector weight" rating in a research note on Monday, April 14th. DA Davidson raised their target price on Apple from $230.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a research report on Tuesday, June 10th. Monness Crespi & Hardt raised their price objective on shares of Apple to $245.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Finally, UBS Group reaffirmed a "buy" rating on shares of Apple in a report on Sunday, June 1st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Apple has a consensus rating of "Moderate Buy" and a consensus target price of $234.86.

Insider Buying and Selling

In related news, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the sale, the chief executive officer now owns 3,280,295 shares in the company, valued at $733,637,976.75. This trade represents a 3.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Chris Kondo sold 4,486 shares of the company's 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 completion of the transaction, the insider now owns 15,533 shares in the company, valued at $3,233,815.27. This represents a 22.41% decrease in their ownership of the stock. 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. Insiders own 0.06% of the company's stock.

Apple Trading Up 0.2%

AAPL traded up $0.50 during trading on Monday, reaching $201.50. The company had a trading volume of 55,014,210 shares, compared to its average volume of 53,620,360. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 1.18. The business has a 50 day simple moving average of $202.35 and a 200-day simple moving average of $221.41. The stock has a market cap of $3.01 trillion, a P/E ratio of 31.39, a PEG ratio of 2.24 and a beta of 1.22. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last released its 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. The firm had revenue of $95.36 billion during the quarter, compared to analyst estimates of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 167.24%. The business's revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $1.53 EPS. On average, equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 12th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.52%. This is an increase from Apple's previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 12th. Apple's dividend payout ratio is presently 16.20%.

Apple declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 1st that permits the company to repurchase $100.00 billion in outstanding shares. This repurchase authorization permits the iPhone maker to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership 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.