RD Lewis Holdings Inc. Purchases Shares of 15,282 Apple Inc. (NASDAQ:AAPL)

RD Lewis Holdings Inc. bought a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,282 shares of the iPhone maker's stock, valued at approximately $3,827,000. Apple comprises 4.4% of RD Lewis Holdings Inc.'s holdings, making the stock its 3rd biggest position.

A number of other large investors have also bought and sold shares of AAPL. Joseph Group Capital Management boosted its holdings in shares of Apple by 18.6% in the third quarter. Joseph Group Capital Management now owns 17,435 shares of the iPhone maker's stock worth $4,062,000 after acquiring an additional 2,733 shares during the period. EnRich Financial Partners LLC boosted its holdings in shares of Apple by 0.7% in the third quarter. EnRich Financial Partners LLC now owns 9,356 shares of the iPhone maker's stock worth $2,180,000 after acquiring an additional 66 shares during the period. Aviance Capital Partners LLC boosted its holdings in shares of Apple by 0.5% in the third quarter. Aviance Capital Partners LLC now owns 265,834 shares of the iPhone maker's stock worth $61,943,000 after acquiring an additional 1,251 shares during the period. Lindenwold Advisors INC boosted its holdings in shares of Apple by 1.1% in the third quarter. Lindenwold Advisors INC now owns 41,244 shares of the iPhone maker's stock worth $9,610,000 after acquiring an additional 431 shares during the period. Finally, Amara Financial LLC. bought a new position in shares of Apple in the third quarter worth $288,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AAPL has been the subject of several research analyst reports. DA Davidson lifted their price objective on Apple from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Raymond James dropped their price objective on Apple from $250.00 to $230.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Rosenblatt Securities lowered Apple from a "buy" rating to a "neutral" rating and set a $217.00 price objective for the company. in a research note on Friday, May 2nd. UBS Group dropped their price objective on Apple from $236.00 to $210.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Finally, Barclays lowered their price target on Apple from $197.00 to $173.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 30th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $235.80.

Apple Stock Down 0.2%

Shares of Apple stock traded down $0.47 during midday trading on Thursday, hitting $199.95. The company had a trading volume of 51,367,725 shares, compared to its average volume of 56,208,923. 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 stock has a market capitalization of $2.99 trillion, a P/E ratio of 31.74, a P/E/G ratio of 2.44 and a beta of 1.27. The company has a 50 day moving average of $204.01 and a 200 day moving average of $225.36. 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 posted its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, topping the consensus estimate 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 quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.53 EPS. On average, equities analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Increases Dividend

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

Apple declared that its board has authorized a stock buyback plan on Thursday, May 1st that authorizes the company to buyback $100.00 billion in outstanding shares. This buyback authorization authorizes the iPhone maker to repurchase up to 3.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board believes its shares are undervalued.

Insider Transactions at Apple

In other news, CEO Timothy D. Cook sold 108,136 shares of the business's stock in a transaction on 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 of the company's stock, valued at $733,637,976.75. The trade was a 3.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Chris Kondo sold 4,486 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $208.19, for a total transaction of $933,940.34. Following the sale, the insider now directly owns 15,533 shares of the company's stock, valued at approximately $3,233,815.27. The trade was a 22.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 191,507 shares of company stock worth $42,694,080 in the last ninety days. 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.