Apple Inc. (NASDAQ:AAPL) Shares Acquired by Maia Wealth LLC

Maia Wealth LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,299 shares of the iPhone maker's stock after purchasing an additional 1,875 shares during the quarter. Apple accounts for about 1.4% of Maia Wealth LLC's investment portfolio, making the stock its 13th biggest holding. Maia Wealth LLC's holdings in Apple were worth $6,505,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Leslie Global Wealth LLC lifted its holdings in Apple by 25.3% during the third quarter. Leslie Global Wealth LLC now owns 26,042 shares of the iPhone maker's stock valued at $6,068,000 after purchasing an additional 5,254 shares in the last quarter. Radnor Capital Management LLC raised its stake in Apple by 9.4% during the third quarter. Radnor Capital Management LLC now owns 79,929 shares of the iPhone maker's stock valued at $18,623,000 after purchasing an additional 6,857 shares in the last quarter. Benchmark Financial Wealth Advisors LLC lifted its holdings in shares of Apple by 5.4% in the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 37,189 shares of the iPhone maker's stock valued at $8,665,000 after acquiring an additional 1,902 shares during the last quarter. RTD Financial Advisors Inc. raised its holdings in Apple by 2.1% during the 3rd quarter. RTD Financial Advisors Inc. now owns 7,699 shares of the iPhone maker's stock valued at $1,794,000 after buying an additional 157 shares during the period. Finally, Gordian Advisors LLC increased its position in Apple by 202.6% during the third quarter. Gordian Advisors LLC now owns 9,986 shares of the iPhone maker's stock valued at $2,327,000 after acquiring an additional 6,686 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Apple Stock Performance

AAPL traded up $1.04 during trading on Friday, reaching $198.53. 36,406,804 shares of the company's stock were exchanged, compared to its average volume of 56,093,894. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10. The company's fifty day simple moving average is $208.09 and its 200-day simple moving average is $227.36. The stock has a market capitalization of $2.97 trillion, a P/E ratio of 31.51, a price-to-earnings-growth ratio of 2.44 and a beta of 1.27.

Apple (NASDAQ:AAPL - Get Free Report) last issued 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 analysts' expectations of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 160.83%. The firm's revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.53 earnings per share. As a group, research 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 will be paid on Thursday, May 15th. Investors of record on Monday, May 12th will be issued a dividend of $0.26 per share. The ex-dividend date is Monday, May 12th. 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 yield of 0.52%. Apple's dividend payout ratio is 16.20%.

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

Analyst Ratings Changes

Several brokerages have issued reports on AAPL. TD Cowen dropped their target price on Apple from $290.00 to $275.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Barclays reduced their target price on Apple from $197.00 to $173.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 30th. The Goldman Sachs Group lowered their target price on shares of Apple from $259.00 to $256.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Evercore ISI raised their price target on shares of Apple from $260.00 to $275.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Finally, Scotiabank downgraded shares of Apple to a "market perform" rating in a research note on Friday, May 2nd. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $235.80.

Insider Buying and Selling at Apple

In related news, COO Jeffrey E. Williams sold 35,493 shares of the stock in a transaction on Wednesday, April 2nd. The stock was 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 of the company's stock, valued at approximately $87,377,116.59. This represents a 8.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 38,822 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 187,021 shares of company stock valued at $41,760,140. Corporate 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.