8,333 Shares in Apple Inc. (NASDAQ:AAPL) Purchased by Genesis Wealth Advisors LLC

Genesis Wealth Advisors LLC purchased a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,333 shares of the iPhone maker's stock, valued at approximately $2,087,000. Apple comprises approximately 1.8% of Genesis Wealth Advisors LLC's investment portfolio, making the stock its 19th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the business. B&D White Capital Company LLC increased its stake in shares of Apple by 80.0% during the fourth quarter. B&D White Capital Company LLC now owns 30,588 shares of the iPhone maker's stock valued at $7,660,000 after buying an additional 13,595 shares during the period. Capital Advisors Ltd. LLC boosted its holdings in Apple by 0.3% in the fourth quarter. Capital Advisors Ltd. LLC now owns 39,837 shares of the iPhone maker's stock valued at $9,976,000 after acquiring an additional 133 shares in the last quarter. Midwest Capital Advisors LLC purchased a new position in Apple during the 4th quarter valued at $151,000. Cherry Tree Wealth Management LLC raised its holdings in Apple by 1.8% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 14,239 shares of the iPhone maker's stock worth $3,566,000 after purchasing an additional 255 shares in the last quarter. Finally, Colonial River Investments LLC lifted its position in shares of Apple by 20.1% in the 4th quarter. Colonial River Investments LLC now owns 53,948 shares of the iPhone maker's stock worth $13,510,000 after purchasing an additional 9,047 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Stock Performance

Shares of AAPL stock traded down $7.97 on Friday, reaching $205.35. The stock had a trading volume of 100,891,435 shares, compared to its average volume of 56,620,753. The stock has a market cap of $3.08 trillion, a P/E ratio of 32.60, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10. The company has a 50 day simple moving average of $212.15 and a 200 day simple moving average of $228.63.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results 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. 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 period in the previous year, the company posted $1.53 EPS. The business's quarterly revenue was up 5.1% compared to the same quarter last year. Equities research analysts expect that Apple Inc. will post 7.28 EPS for the current year.

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

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 12th will be given a $0.26 dividend. The ex-dividend date of this dividend is Monday, May 12th. This is an increase from Apple's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 0.51%. Apple's dividend payout ratio (DPR) is presently 15.87%.

Insider Transactions at Apple

In other Apple news, COO Jeffrey E. Williams sold 35,493 shares of the company's 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 completion of the transaction, the chief operating officer now directly owns 390,059 shares in the company, valued at $87,377,116.59. This represents a 8.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kevan Parekh sold 4,570 shares of the stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total transaction of $941,420.00. Following the completion of the sale, the chief financial officer now directly owns 4,569 shares of the company's stock, valued at approximately $941,214. This trade represents a 50.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 187,021 shares of company stock worth $41,760,140 in the last 90 days. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on AAPL. Loop Capital decreased their price target on shares of Apple from $230.00 to $215.00 and set a "hold" rating for the company in a research note on Wednesday. Wedbush lowered Apple from an "outperform" rating to a "neutral" rating in a research report on Friday. Tigress Financial raised their target price on Apple from $295.00 to $300.00 and gave the company a "strong-buy" rating in a research note on Thursday, April 3rd. Oppenheimer cut Apple from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 29th. Finally, KeyCorp raised Apple from an "underweight" rating to a "sector weight" rating in a research report on Monday, April 14th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $233.25.

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.