Tradewinds Capital Management LLC Has $5.31 Million Position in Apple Inc. (NASDAQ:AAPL)

Tradewinds Capital Management LLC lifted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 9.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,198 shares of the iPhone maker's stock after acquiring an additional 1,779 shares during the quarter. Apple accounts for approximately 1.4% of Tradewinds Capital Management LLC's investment portfolio, making the stock its 17th largest holding. Tradewinds Capital Management LLC's holdings in Apple were worth $5,308,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AMF Tjanstepension AB grew its stake in Apple by 21.1% during the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker's stock valued at $787,631,000 after purchasing an additional 588,427 shares during the last quarter. Latitude Advisors LLC increased its position in shares of Apple by 0.3% in the third quarter. Latitude Advisors LLC now owns 17,236 shares of the iPhone maker's stock valued at $4,016,000 after buying an additional 50 shares in the last quarter. Cornerstone Wealth Group LLC lifted its holdings in Apple by 0.5% during the third quarter. Cornerstone Wealth Group LLC now owns 232,665 shares of the iPhone maker's stock valued at $54,211,000 after purchasing an additional 1,044 shares in the last quarter. Solidarity Wealth LLC raised its holdings in shares of Apple by 6.1% during the third quarter. Solidarity Wealth LLC now owns 164,452 shares of the iPhone maker's stock valued at $38,317,000 after acquiring an additional 9,507 shares during the last quarter. Finally, Boyd Wealth Management LLC lifted its holdings in Apple by 3.0% in the 3rd quarter. Boyd Wealth Management LLC now owns 4,459 shares of the iPhone maker's stock valued at $1,039,000 after purchasing an additional 131 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple Stock Performance

AAPL stock traded down $7.97 on Friday, reaching $205.35. The company's stock had a trading volume of 100,891,435 shares, compared to its average volume of 56,620,753. The firm has a fifty day moving average of $212.15 and a two-hundred day moving average of $228.63. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The company has a market capitalization of $3.08 trillion, a P/E ratio of 32.60, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.03. The company had revenue of $95.36 billion for the quarter, compared to analysts' expectations of $94.04 billion. Apple had a return on equity of 160.83% and a net margin of 24.30%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $1.53 EPS. As a group, analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 12th will be given a $0.26 dividend. This is a positive change from Apple's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.51%. Apple's dividend payout ratio (DPR) is 15.87%.

Apple declared that its board has authorized a stock 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 shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, CEO Timothy D. Cook sold 108,136 shares of the business's stock in a transaction on 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 sale, the chief executive officer now directly owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. The trade was a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Katherine L. Adams sold 38,822 shares of Apple stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total value 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. In the last quarter, insiders have sold 187,021 shares of company stock worth $41,760,140. Company insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

AAPL has been the subject of several recent research reports. Raymond James cut their price target on Apple from $250.00 to $230.00 and set an "outperform" rating for the company in a report on Wednesday. Citigroup cut their price objective on shares of Apple from $275.00 to $245.00 and set a "buy" rating for the company in a research report on Monday, April 14th. DA Davidson boosted their target price on shares of Apple from $230.00 to $250.00 and gave the company a "buy" rating in a report on Friday. TD Cowen cut their price target on shares of Apple from $290.00 to $275.00 and set a "buy" rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. decreased their price objective on Apple from $270.00 to $245.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $233.25.

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.