Shared Vision Wealth Group LLC Has $44.42 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Shared Vision Wealth Group LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 0.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 177,398 shares of the iPhone maker's stock after selling 1,521 shares during the period. Apple comprises about 23.4% of Shared Vision Wealth Group LLC's holdings, making the stock its largest holding. Shared Vision Wealth Group LLC's holdings in Apple were worth $44,424,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AAPL. O Connor Financial Group LLC raised its holdings in Apple by 1.2% during the 4th quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker's stock valued at $896,000 after buying an additional 41 shares during the last quarter. Menard Financial Group LLC raised its holdings in Apple by 0.4% during the 3rd quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker's stock valued at $2,848,000 after buying an additional 48 shares during the last quarter. Hanseatic Management Services Inc. raised its holdings in Apple by 1.3% during the 4th quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker's stock valued at $945,000 after buying an additional 48 shares during the last quarter. Family Capital Management Inc. raised its holdings in Apple by 0.3% during the 4th quarter. Family Capital Management Inc. now owns 16,910 shares of the iPhone maker's stock valued at $4,235,000 after buying an additional 48 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in Apple by 0.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 16,682 shares of the iPhone maker's stock valued at $4,178,000 after buying an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Transactions at Apple

In other Apple news, CFO Kevan Parekh sold 4,570 shares of the 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 completion of the sale, the chief financial officer now directly owns 4,569 shares of the company's stock, valued at $941,214. This trade represents a 50.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Timothy D. Cook sold 108,136 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the transaction, the chief executive officer now directly owns 3,280,295 shares of the company's stock, valued at approximately $733,637,976.75. This trade represents a 3.19% 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 quarter. Company insiders own 0.06% of the company's stock.

Apple Stock Up 1.0%

AAPL stock traded up $2.14 during trading on Tuesday, hitting $212.93. 51,637,380 shares of the stock traded hands, compared to its average volume of 56,044,375. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10. The firm's 50 day moving average is $207.59 and its two-hundred day moving average is $227.19. The stock has a market cap of $3.18 trillion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 2.44 and a beta of 1.27. 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 (NASDAQ:AAPL - Get Free Report) last announced 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. The firm had revenue of $95.36 billion for the quarter, compared to the consensus estimate of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 160.83%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.53 EPS. On average, sell-side analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple declared that its board has authorized a share repurchase plan on Thursday, May 1st that allows the company to repurchase $100.00 billion in shares. This repurchase authorization allows the iPhone maker to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, May 12th. This is an increase from Apple's previous quarterly dividend of $0.25. Apple's dividend payout ratio (DPR) is presently 16.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AAPL shares. The Goldman Sachs Group lowered their price target on shares of Apple from $259.00 to $256.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Wedbush lowered shares of Apple from an "outperform" rating to a "neutral" rating in a report on Friday, May 2nd. Redburn Partners set a $230.00 price target on shares of Apple in a report on Friday, January 31st. Needham & Company LLC restated a "buy" rating and issued a $225.00 price objective on shares of Apple in a report on Friday, May 2nd. Finally, Scotiabank lowered shares of Apple to a "market perform" rating in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a sell rating, twelve have given 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 has an average rating of "Hold" and an average target price of $235.80.

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.