LifeGoal Wealth Advisors Takes Position in Apple Inc. (NASDAQ:AAPL)

LifeGoal Wealth Advisors acquired a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,080 shares of the iPhone maker's stock, valued at approximately $1,022,000. Apple accounts for approximately 1.1% of LifeGoal Wealth Advisors' investment portfolio, making the stock its 23rd biggest position.

A number of other large investors also recently added to or reduced their stakes in AAPL. Impact Investors Inc bought a new position in shares of Apple in the 4th quarter worth $1,997,000. Sabal Trust CO increased its holdings in Apple by 2.8% in the fourth quarter. Sabal Trust CO now owns 189,421 shares of the iPhone maker's stock valued at $47,435,000 after purchasing an additional 5,078 shares during the last quarter. Siligmueller & Norvid Wealth Advisors LLC acquired a new position in Apple in the fourth quarter valued at about $866,000. Nelson Capital Management LLC grew its position in shares of Apple by 1.8% during the 4th quarter. Nelson Capital Management LLC now owns 99,935 shares of the iPhone maker's stock worth $25,026,000 after buying an additional 1,726 shares during the period. Finally, Kellett Wealth Advisors LLC increased its stake in shares of Apple by 1.8% in the 4th quarter. Kellett Wealth Advisors LLC now owns 13,621 shares of the iPhone maker's stock valued at $3,411,000 after acquiring an additional 242 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Apple

In other news, CEO Timothy D. Cook sold 108,136 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total value of $24,184,616.40. Following the completion of the transaction, the chief executive officer now owns 3,280,295 shares of the company's stock, valued at approximately $733,637,976.75. This represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevan Parekh sold 4,570 shares of Apple stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total transaction of $941,420.00. Following the sale, the chief financial officer now directly owns 4,569 shares in the company, valued at $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 valued at $41,760,140 over the last ninety days. 0.06% of the stock is owned by corporate insiders.

Apple Stock Performance

Shares of Apple stock traded up $0.77 during trading on Friday, reaching $198.26. The company's stock had a trading volume of 14,565,726 shares, compared to its average volume of 55,959,857. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The business's 50-day moving average price is $208.83 and its 200-day moving average price is $227.64. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10. The firm has a market cap of $2.98 trillion, a PE ratio of 31.47, a P/E/G ratio of 2.44 and a beta of 1.27.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data 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 net margin of 24.30% and a return on equity of 160.83%. The business had revenue of $95.36 billion for the quarter, compared to analysts' expectations of $94.04 billion. During the same period last year, the firm posted $1.53 earnings per share. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. Equities analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple announced that its Board of Directors has authorized a share repurchase program 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 stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 12th will be given a dividend of $0.26 per share. This is an increase from Apple's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Monday, May 12th. Apple's dividend payout ratio is currently 16.20%.

Analysts Set New Price Targets

Several research firms recently weighed in on AAPL. Loop Capital reduced their price objective on shares of Apple from $230.00 to $215.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. DA Davidson boosted their price target on shares of Apple from $230.00 to $250.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Tigress Financial raised their price objective on Apple from $295.00 to $300.00 and gave the stock a "strong-buy" rating in a research note on Thursday, April 3rd. Wedbush cut Apple from an "outperform" rating to a "neutral" rating in a research note on Friday, May 2nd. Finally, 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 report on Friday, May 2nd. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $235.80.

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.