Apple Inc. (NASDAQ:AAPL) Stock Position Increased by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC increased its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,300 shares of the iPhone maker's stock after acquiring an additional 1,437 shares during the period. Apple comprises about 3.8% of Blue Zone Wealth Advisors LLC's investment portfolio, making the stock its 2nd biggest holding. Blue Zone Wealth Advisors LLC's holdings in Apple were worth $13,347,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Copperleaf Capital LLC increased its holdings in Apple by 7.2% during the fourth quarter. Copperleaf Capital LLC now owns 8,509 shares of the iPhone maker's stock valued at $2,131,000 after buying an additional 573 shares during the last quarter. Palouse Capital Management Inc. grew its position in shares of Apple by 3.0% during the 4th quarter. Palouse Capital Management Inc. now owns 12,167 shares of the iPhone maker's stock valued at $3,047,000 after acquiring an additional 359 shares during the period. MN Wealth Advisors LLC increased its stake in shares of Apple by 4.5% in the 4th quarter. MN Wealth Advisors LLC now owns 15,203 shares of the iPhone maker's stock worth $3,807,000 after purchasing an additional 658 shares in the last quarter. Secured Retirement Advisors LLC raised its holdings in Apple by 5.5% in the 4th quarter. Secured Retirement Advisors LLC now owns 9,097 shares of the iPhone maker's stock worth $2,278,000 after purchasing an additional 474 shares during the period. Finally, Strategic Financial Concepts LLC lifted its position in Apple by 39.5% during the fourth quarter. Strategic Financial Concepts LLC now owns 52,903 shares of the iPhone maker's stock valued at $13,248,000 after purchasing an additional 14,972 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Trading Up 1.4 %

Shares of AAPL stock traded up $2.87 on Thursday, reaching $207.47. 24,372,930 shares of the company's stock were exchanged, compared to its average volume of 56,694,602. The company's fifty day simple moving average is $217.14 and its 200 day simple moving average is $229.52. The stock has a market capitalization of $3.12 trillion, a PE ratio of 32.96, a P/E/G ratio of 2.44 and a beta of 1.26. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple Inc. has a 52 week low of $166.21 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping analysts' consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.48%. Apple's dividend payout ratio is currently 15.87%.

Insider Buying and Selling

In other news, CEO Timothy D. Cook sold 108,136 shares of the firm'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 owns 3,280,295 shares of the company's stock, valued at $733,637,976.75. This trade represents a 3.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 38,822 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total value of $8,683,316.74. Following the transaction, the senior vice president now directly owns 179,158 shares in the company, valued at $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. Insiders sold a total of 182,451 shares of company stock valued at $40,818,720 over the last three months. 0.06% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on AAPL shares. KeyCorp raised Apple from an "underweight" rating to a "sector weight" rating in a research note on Monday, April 14th. Monness Crespi & Hardt raised their target price on shares of Apple to $245.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. DA Davidson dropped their price target on shares of Apple from $290.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Barclays increased their price objective on shares of Apple from $183.00 to $197.00 and gave the stock an "underweight" rating in a research note on Friday, January 31st. Finally, TD Cowen restated a "buy" rating on shares of Apple in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Apple presently has an average rating of "Moderate Buy" and an average price target of $233.88.

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.