Apple Inc. (NASDAQ:AAPL) Stake Increased by Allworth Financial LP

Allworth Financial LP lifted its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 12.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 820,177 shares of the iPhone maker's stock after buying an additional 89,418 shares during the quarter. Apple makes up 1.2% of Allworth Financial LP's holdings, making the stock its 15th largest holding. Allworth Financial LP's holdings in Apple were worth $157,909,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AAPL. Wyrmwood Management LLC lifted its stake in Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker's stock worth $33,000 after purchasing an additional 69 shares in the last quarter. Gilfoyle & Co LLC lifted 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 purchasing an additional 118 shares in the last quarter. PayPay Securities Corp lifted 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 purchasing an additional 210 shares in the last quarter. Cordant Inc. lifted its stake in Apple by 27.7% in the 3rd quarter. Cordant Inc. now owns 645 shares of the iPhone maker's stock worth $110,000 after purchasing an additional 140 shares in the last quarter. Finally, Life Planning Partners Inc purchased a new stake in Apple in the 4th quarter worth $132,000. Hedge funds and other institutional investors own 60.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AAPL. Bank of America upgraded shares of Apple from a "neutral" rating to a "buy" rating and upped their target price for the company from $208.00 to $225.00 in a research report on Thursday, January 18th. Redburn Atlantic cut shares of Apple from a "buy" rating to a "neutral" rating and set a $200.00 target price on the stock. in a research report on Wednesday, January 10th. Piper Sandler decreased their target price on shares of Apple from $205.00 to $190.00 and set a "neutral" rating on the stock in a research report on Friday, February 2nd. Redburn Partners cut shares of Apple to a "neutral" rating and set a $200.00 target price on the stock. in a research report on Wednesday, January 10th. Finally, Barclays reiterated an "underweight" rating and set a $158.00 price target on shares of Apple in a report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $202.62.

Insiders Place Their Bets

In other Apple news, COO Jeffrey E. Williams sold 59,162 shares of the firm's stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $172.22, for a total value of $10,188,879.64. Following the completion of the transaction, the chief operating officer now owns 489,944 shares of the company's stock, valued at $84,378,155.68. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction 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 sale, the chief executive officer now owns 3,377,407 shares in the company, valued at $574,260,512.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 59,162 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the completion of the sale, the chief operating officer now owns 489,944 shares in the company, valued at approximately $84,378,155.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 366,271 shares of company stock valued at $63,653,887. Insiders own 0.06% of the company's stock.

Apple Stock Up 2.5 %

NASDAQ:AAPL traded up $4.20 during midday trading on Monday, reaching $173.50. 66,161,781 shares of the stock traded hands, compared to its average volume of 60,497,953. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $199.62. The business has a 50-day moving average of $173.04 and a two-hundred day moving average of $181.83. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The stock has a market capitalization of $2.68 trillion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company had revenue of $119.60 billion during the quarter, compared to analysts' expectations of $117.99 billion. During the same quarter in the prior year, the company posted $1.88 earnings per share. Apple's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts forecast that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a $0.24 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.55%. Apple's dividend payout ratio is currently 14.95%.

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.