Apple Inc. (NASDAQ:AAPL) is Twin Peaks Wealth Advisors LLC's Largest Position

Twin Peaks Wealth Advisors LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,563 shares of the iPhone maker's stock after buying an additional 6,101 shares during the period. Apple comprises 6.9% of Twin Peaks Wealth Advisors LLC's portfolio, making the stock its largest holding. Twin Peaks Wealth Advisors LLC's holdings in Apple were worth $16,418,000 as of its most recent SEC filing.

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

Apple Stock Down 0.3 %

AAPL traded down $0.60 on Thursday, hitting $195.65. The company had a trading volume of 10,286,099 shares, compared to its average volume of 55,924,623. The stock has a fifty day simple moving average of $209.64 and a 200-day simple moving average of $227.91. 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 firm has a market capitalization of $2.94 trillion, a P/E ratio of 31.06, a P/E/G ratio of 2.44 and a beta of 1.27. 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 released its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share 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 analyst estimates of $94.04 billion. Apple had a return on equity of 160.83% and a net margin of 24.30%. The firm's revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.53 earnings per share. As a group, equities analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

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

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 12th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Monday, May 12th. This is a boost from Apple's previous quarterly dividend of $0.25. Apple's dividend payout ratio is 16.20%.

Insider Buying and Selling at Apple

In related news, CFO Kevan Parekh sold 4,570 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total transaction of $941,420.00. Following the completion of the transaction, the chief financial officer now owns 4,569 shares of the company's stock, valued at $941,214. This trade represents a 50.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 108,136 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was 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 $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. 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.

Wall Street Analyst Weigh In

AAPL has been the subject of several analyst reports. Bank of America decreased their price objective on shares of Apple from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Needham & Company LLC reiterated a "buy" rating and set a $225.00 target price on shares of Apple in a research report on Friday, May 2nd. Evercore ISI upped their target price on shares of Apple from $260.00 to $275.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Monness Crespi & Hardt dropped their target price on shares of Apple from $260.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Maxim Group lifted their price objective on shares of Apple to $215.00 and gave the stock a "hold" rating in a report on Friday, February 21st. Four investment 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $235.80.

About Apple

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.