Cassia Capital Partners LLC Has $2.48 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Cassia Capital Partners LLC grew its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 72.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,905 shares of the iPhone maker's stock after buying an additional 4,154 shares during the period. Apple comprises 1.6% of Cassia Capital Partners LLC's portfolio, making the stock its 12th largest position. Cassia Capital Partners LLC's holdings in Apple were worth $2,480,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. RFG Holdings Inc. lifted its position in shares of Apple by 4.5% in the 4th quarter. RFG Holdings Inc. now owns 9,593 shares of the iPhone maker's stock worth $2,405,000 after buying an additional 416 shares during the last quarter. Tranquilli Financial Advisor LLC acquired a new stake in Apple during the fourth quarter worth about $211,000. E. Ohman J or Asset Management AB lifted its holdings in Apple by 3.0% in the fourth quarter. E. Ohman J or Asset Management AB now owns 1,168,547 shares of the iPhone maker's stock worth $292,628,000 after acquiring an additional 34,569 shares during the last quarter. James J. Burns & Company LLC boosted its stake in Apple by 1.1% in the fourth quarter. James J. Burns & Company LLC now owns 116,122 shares of the iPhone maker's stock valued at $29,080,000 after acquiring an additional 1,283 shares during the period. Finally, Mather Group LLC. grew its holdings in shares of Apple by 1.5% during the fourth quarter. Mather Group LLC. now owns 206,511 shares of the iPhone maker's stock valued at $51,714,000 after purchasing an additional 3,038 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 38,822 shares of the company's stock in a transaction dated 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 transaction, the senior vice president now directly owns 179,158 shares of the company's stock, valued at $40,072,269.86. This represents a 17.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction dated 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 sale, the chief executive officer now owns 3,280,295 shares of the company's stock, valued at approximately $733,637,976.75. This represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 182,451 shares of company stock worth $40,818,720. 0.06% of the stock is currently owned by company insiders.

Apple Stock Down 3.7 %

Shares of AAPL traded down $6.92 during mid-day trading on Monday, reaching $181.46. The company's stock had a trading volume of 160,161,424 shares, compared to its average volume of 55,782,650. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The company has a market cap of $2.73 trillion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The business has a fifty day moving average of $228.49 and a 200 day moving average of $232.82.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, analysts forecast that Apple Inc. will post 7.28 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 13th. Investors of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Monday, February 10th. Apple's dividend payout ratio is currently 15.87%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Bank of America cut their price target on Apple from $265.00 to $250.00 and set a "buy" rating on the stock in a report on Thursday. Redburn Partners set a $230.00 target price on Apple in a research note on Friday, January 31st. Loop Capital downgraded shares of Apple from a "buy" rating to a "hold" rating and set a $230.00 price target for the company. in a report on Tuesday, January 21st. Oppenheimer cut shares of Apple from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th. Finally, UBS Group boosted their target price on shares of Apple to $236.00 and gave the company a "hold" rating in a research note on Tuesday, February 25th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $243.05.

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.