White Lighthouse Investment Management Inc. trimmed its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,528 shares of the iPhone maker's stock after selling 4,597 shares during the quarter. Apple comprises about 1.6% of White Lighthouse Investment Management Inc.'s investment portfolio, making the stock its 16th biggest holding. White Lighthouse Investment Management Inc.'s holdings in Apple were worth $7,225,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the business. Wyrmwood Management LLC increased its stake in Apple by 69.0% during the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker's stock valued at $33,000 after purchasing an additional 69 shares in the last quarter. Gilfoyle & Co LLC increased its stake in Apple by 118.0% in the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker's stock worth $40,000 after buying an additional 118 shares in the last quarter. PayPay Securities Corp increased its stake in Apple by 70.2% in the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker's stock worth $87,000 after buying an additional 210 shares in the last quarter. Cordant Inc. grew its position in shares of Apple by 27.7% during the third quarter. Cordant Inc. now owns 645 shares of the iPhone maker's stock valued at $110,000 after purchasing an additional 140 shares in the last quarter. Finally, Life Planning Partners Inc purchased a new position in shares of Apple during the fourth quarter valued at about $132,000. 60.41% of the stock is currently owned by institutional investors.
Insider Transactions at Apple
In other news, CEO Timothy D. Cook sold 99,183 shares of the company's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the transaction, the chief executive officer now directly owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the sale, the chief executive officer now directly owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the sale, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 366,271 shares of company stock worth $63,653,887. 0.06% of the stock is currently owned by insiders.
Apple Trading Up 0.5 %
NASDAQ:AAPL traded up $0.87 on Thursday, hitting $169.89. The stock had a trading volume of 50,114,313 shares, compared to its average volume of 60,614,820. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. The stock has a market cap of $2.62 trillion, a price-to-earnings ratio of 26.27, a PEG ratio of 2.01 and a beta of 1.27. The company has a fifty day moving average price of $173.58 and a two-hundred day moving average price of $181.94. Apple Inc. has a 1-year low of $162.80 and a 1-year high of $199.62.
Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.09. The company had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. Apple's revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.88 EPS. Equities research analysts expect that Apple Inc. will post 6.54 earnings per share for the current fiscal year.
Apple Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.57%. Apple's dividend payout ratio is currently 14.95%.
Wall Street Analyst Weigh In
A number of brokerages recently commented on AAPL. Oppenheimer reaffirmed an "outperform" rating and issued a $200.00 price target on shares of Apple in a report on Friday, February 2nd. DA Davidson assumed coverage on shares of Apple in a report on Wednesday, January 3rd. They set a "neutral" rating and a $166.00 price objective on the stock. Piper Sandler cut their price target on shares of Apple from $205.00 to $190.00 and set a "neutral" rating on the stock in a report on Friday, February 2nd. Redburn Atlantic lowered shares of Apple from a "buy" rating to a "neutral" rating and set a $200.00 price target on the stock. in a report on Wednesday, January 10th. Finally, Redburn Partners downgraded shares of Apple to a "neutral" rating and set a $200.00 price objective for the company. in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $203.05.
Check Out Our Latest Report on Apple
Apple Profile
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Free Report)
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.
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